Procurement organizations often find themselves in a “catch-22” scenario. They manage significant amounts of spend. Whether this is administrative or strategic, this is up to the company to decide.
If you are within a procurement organization, no one is reserving a seat at the table for you. You will need to develop a plan, be persuasive and claim your spot…
Organizations have been outsourcing for several decades covering a wide spectrum of roles and functions. With all of the years of experience gained by companies and vendors, it is important not to forget the basics.
The alpine nation renowned for its culture of banking secrecy is busy re-branding itself as a tax enforcer by taking an active role in the Automatic Exchange of Information (AEI). AEI is a global initiative designed to regularly transmit taxpayer information from the country of citizenship to country of residence. The support of AEI by Swiss Regulators will undoubtedly result in increased scrutiny of anyone failing to disclose income or assets in accordance with OECD guidance and local laws and legislation. Similar regulations, like the US led Foreign Account Tax Compliance Act (FATCA), resulted in the threat, as FORBES indicates, that “non-compliant institutions could be frozen out of U.S. markets.” At a minimum, substantial fines and penalties were waged in the case of FATCA non-compliance. Unlike FATCA, which was very specific to US related citizens, AEI promises to be a global initiative impacting all participating OECD countries and every citizen within their jurisdiction.
This document asks whether you are ready for the changes AEI will bring.
TANZANIA SWISSCONTACT SUCCESS STORY
This case study highlights the Trestle Group Foundation’s Empowering Women Entrepreneurs Partnership Program (EWEPP) with Credit Suisse and three female business owners in Dar esS!alaam, Tanzania.
The six-month program was conducted in collaboration with Swisscontact and Equity Bank to provide expertise, training support and resources including access to capital to 250 female entrepreneurs in Tanzania.
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Even the all-powerful Pointing has no control about the blind texts it is an almost
Even the all-powerful Pointing has no control about the blind texts it is an almost unorthographic life One day however a small line of blind text by the name of Lorem Ipsum decided to leave for the far World of Grammar. The Big Oxmox advised her not to do so, because there were thousands of bad Commas, wild Question Marks and devious Semikoli, but the Little Blind Text didn’t listen.
She packed her seven versalia, put her initial into the belt and made herself on the way. l using her.Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia.
Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth.
Even the all-powerful Pointing has no control about the blind texts it is an almost unorthographic life One day however a small line of blind text by the name of Lorem Ipsum decided to leave for the far World of Grammar. The Big Oxmox advised her not to do so, because there were thousands of bad Commas, wild Question Marks and devious Semikoli, but the Little Blind Text didn’t listen. She packed her seven versalia, put her initial into the belt and made herself on the way. l using her.Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia.
far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia.
far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia.
far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia.
Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradisematic country, in which roasted parts of sentences fly into your mouth. Even the all-powerful Pointing has no control about the blind texts it is an almost unorthographic life One day however a small line of blind text by the name of Lorem Ipsum decided to leave for the far World of Grammar. The Big Oxmox advised her not to do so, because there were thousands of bad Commas, wild Question Marks and devious Semikoli, but the Little Blind Text didn’t listen. She packed her seven versalia, put her initial into the belt and made herself on the way. l using her.Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast of the Semantics, a large language ocean. A small river named Duden flows by their place and supplies it with the necessary regelialia.
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Data lineage should be an automated process and added to the “Business As Usual” operations. However, it has proven to be a task not so easily accomplished and not without its problems.
The team must manually confirm that the lineage is complete and address any gaps by going into the codebase and determining the proper stitching.
The Natural Lineage Processing can identify gaps where more code is expected. It can suggest likely connections by analyzing the lineage and recognizing similar paths.
Data lineage may be complete and accurate, but only accessible at a very technical level. The business needs to understand the data flows but cannot make sense of the large, highly-connected, and technical lineage.
A complete inventory of the physical data elements is compiled and a large effort is put together to create a complete data dictionary. An army of experts are asked to map the physical data elements to the concepts defined in the data dictionary schema.
Data properties, data statistics, and data flows feed into the Natural Lineage Processing engine which groups similar physical elements. These groups are checked with a smaller number of subject matter experts whose feedback is used to refine the groupings in a fast, iterative process.
The business needs to understand the quality of the underlying data, not just the flows. But How do you ensure that the data is of high quality? How would your QA process catch high-quality data that is used incorrectly?
Teams of statisticians, analysts, and data scientists will crawl through databases manually or develop custom scripts to measure data properties. These processes are difficult to maintain and incomplete.
The Natural Lineage Processing toolkit can automate the data quality assessment. It includes standard statistical testing, but algorithmically determines the correct metrics based off of the inherent data properties coupled with the contextual information from the data lineage.
Detecting and preventing fraud is a target for the business…. But how do you find fraud?
Subject matter experts set thresholds or develop tailored models for the specific fraud channel. Some rudimentary ML models may be developed.
More complex models are developed with little-to-no input required from subject matter experts. Data Lineage information is also fed into the models to capture more complex expressions of fraud.
Data Lineage is often utilized for compliance, but how can it feedback into IT, business, and data architecture decisions? How can you use the data lineage to inform data architecture decisions? How would you the catch data elements being pulled from multiple locations?
Data intelligence tools allows for a complete picture of the data architecture landscape which:
However, insights about the data architecture require significant subsequent analysis by IT and business subject matter experts.
With our full Natural Lineage Processing toolkit, many common architectural insights are automated, such as:
