Friday, June 4th, 2010 - 14:54
Introduction—Analytics and Risk Management: Tools for Making Better Decisions
Decisions based on bad information can lead to poor results and be quite costly to organizations. This may culminate in the squandering of opportunities, taking on unnecessary risk, misallocating resources, and ultimately not achieving strategic goals or objectives. At a time of shrinking budgets and increasing expectations to do more with less, making better decisions based on informed judgment has taken on even more significance for both private sector and government organizations. in a world inundated with all kinds of information, timely, relevant, and more predictive data can drive better decision making. This forum explores the usefulness of two tools—analytics and risk management—that can, when employed at an enterprise level, assist government agencies in strengthening their decisionmaking capabilities and, in turn, improve their overall performance.