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Paul Wallis's Blog Posts Tagged 'Profit' (16)

Capabilities, perceptions and risk

Legal Risks on the Radar, is an annual survey, published in the U.S. by Corporate Board Member and FTI Consulting.

 

The 2012 report researches attitudes to current legal issues among ‘two critical governance groups’: public company directors and corporate general counsel (GC).

 

Amongst other things, the survey finds that the growth of digital business, and connectivity, has caused many in these groups to recognise the increasing importance of understanding the…

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Added by Paul Wallis on October 5, 2012 at 4:27 — No Comments

Governance, OBASHI, and the UK CNC

The Civil Nuclear Constabulary (CNC) is a specialist armed police force, which looks after all of the UK's nuclear assets and resources, both nationally and internationally. 

 

Recently, I asked Paul Stone, Deputy CIO at CNC, why he, and his colleague Mark Verrier (CIO), had decided to become OBASHI accredited, and use the OBASHI Methodology, and software.

 

Paul’s reply is,

“OBASHI is a straightforward methodology with simple diagrams and…

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Added by Paul Wallis on April 4, 2012 at 7:30 — No Comments

OBASHI and data governance

In the LinkedIn ‘Data Governance and Data Quality’ group, Gary W. Griffin asks for opinions on this,

Data Governance could be enhanced by clearly specifying data value chains and explaining how the Information Supply Chain connects the data value chains.

The concept of governance is one which is long established within the Oil and…

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Added by Paul Wallis on March 22, 2012 at 11:37 — No Comments

OBASHI – more than just software

Chateau Margaux 1983 is one of the many things I love about France.

 

My wife lived in France for a while so I’ve picked up her appreciation of the culture, food and language.

 

The French have a great way with language; they seem to find a way to say in a word that which takes a sentence in English. “Impasse” is one. I hate that word. I get a constant feeling of déjà vu (see what I mean) every time I hear it. It reminds me of a million meetings I was involved in…

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Added by Paul Wallis on November 23, 2011 at 7:30 — No Comments

HFT and data flow

Yesterday, the International Organisation of Securities Commissions (IOSCO), a global finance industry watchdog, published a report on High Frequency Trading (HFT), and other high-tech trading practices.

 

The report is a response to the financial ‘flash crash’ of 2010 (and numerous subsequent ‘mini flash-crashes’) in which HFT clearly played some…

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Added by Paul Wallis on October 21, 2011 at 11:30 — No Comments

Under pressure: IT and the steam boiler

                ... a charred body, a bent watch, two rubber heels and a torn piece of clothing...

The remains of Chief Engineer David Rockwell were found on March 21st 1905, the day after an industrial explosion and intense fire occurred at the Grover Shoe Factory, Brockton, Massachusetts.

 

The disaster, in which 58 people were killed and 150…

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Added by Paul Wallis on October 14, 2011 at 11:00 — No Comments

Good governance starts with data flow

Last week I read a great article by Cynthia Rettig, 'Can Market Regulation Keep Pace with Technology?'  In it she expresses her concerns about the speed of technological change in the finance industry.  She quotes the CEO of Interactive Brokers, Thomas Peterffly, who says,

What we have today is a complete mess.  Over the last 10 years, technology…

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Added by Paul Wallis on February 10, 2011 at 16:30 — No Comments

Data flow disasters are expensive

Happy New Year to all OBASHI Thinkers!  This is our first blog of 2011 and we're starting as we mean to go on.

 

We are putting the finishing touches to our downloadable 'Lite' software, which automates the OBASHI Methodology, and we hope to make it available early February.  Consequently it's all hands to the pumps at the moment finishing Help files and recording user videos,…

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Added by Paul Wallis on January 10, 2011 at 21:30 — No Comments

Finance and data flows

What do you think this is a picture of:



  • a secret plan for the circuit board of a new '3D' games console
  • the organisational structure of a mafia crime syndicate
  • a Piping and Instrumentation diagram (P&ID) for part of a nuclear power…
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Added by Paul Wallis on November 25, 2010 at 1:20 — No Comments

Are you ready for more connectivity?

Christmas is just over the horizon and during a lunch-break last week I did a little online browsing, seeking much needed inspiration for the gifts I'll give this year.



My first search was for "smart clothing" - clothes that incorporate computers or digital devices. I was curious about what was available because I'd read recently that it may be possible to develop clothing fabric that generates electricity through wearers' movement and body heat.



As a bit of a geek, that kind… Continue

Added by Paul Wallis on November 12, 2010 at 13:09 — No Comments

The need to understand how IT in banking works

John Higgins is Director General of Intellect, the trade association for the UK IT industry.  Recently he wrote about, “IT’s role in avoiding another banking crisis”…

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Added by Paul Wallis on September 28, 2010 at 15:00 — No Comments

5 data flow disasters

The business world continues to grow in complexity. Until we can see how data flows through and between businesses, the frequency and severity of IT-related problems like these will grow:…

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Added by Paul Wallis on August 25, 2010 at 7:30 — No Comments

Modelling the business and prioritising IT tasks

It tends to be the nature of the IT industry to load staff with lots of work, all of which needs to be completed in a hurry.

 

When it comes to scheduling our work, we could all come up with differing priorities for new tasks depending on our current workload, or how we perceive a task’s relevance.

 

So if a problem or failure occurs, how can we ensure that it is given the correct priority from an enterprise perspective? If we leave it to the individual to decide…

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Added by Paul Wallis on August 19, 2010 at 23:00 — No Comments

Unilever’s courageous decision

Sir Humphrey Appleby is a fictional character in “Yes Minister” one of the UK’s most enduringly popular comedy shows.



The 1980s series is about his relationship with his political master, Cabinet Minister Jim Hacker, and Appleby’s attempts as a machiavellian senior civil servant to maintain control of government policy.


Whenever he didn’t like one of Hacker’s proposed policies Appleby would, being a smooth operator, describe it to the…
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Added by Paul Wallis on August 19, 2010 at 23:00 — No Comments

Why the ‘flash crash’ happened – a quick take

On the 6th of May 2010 the Dow Jones share index plunged dramatically, losing over 9% of its value in the space of a few minutes.

 

Almost as quickly the index rose again, and at the end of the day the Dow was only down a small amount.

 

No proven explanation of this event has been forthcoming.

 

Here’s our…
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Added by Paul Wallis on August 19, 2010 at 17:00 — No Comments

OBASHI and the importance of understanding dataflow

During the recent Atmosphere 2010 conference Eric Schmidt, CEO of Google, stated that:

Between the birth of the world and 2003, there were five exabytes of information created. We [now] create five exabytes every two days. See why it’s so painful to operate in information markets?”…
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Added by Paul Wallis on August 16, 2010 at 2:00 — No Comments

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