Data-Driven Risk and Performance Management : Using Transactional Data to Detect Fraud, Ensure Regulatory Compliance, and Outrun Competitors

Executives and IT professionals lose sleep over issues of employee fraud, failing to comply with regulations, competitor challenges, poor quality products, running afoul of foreign laws, intrusions into payment systems, and much more.

Data-Driven Risk and Performance Management: Using Transactional Data to Detect Fraud, Ensure Regulatory Compliance, and Outrun Competitors offers immediate help.

It shows how a company can use its own production, sales, regulatory, and other data streams to ensure compliance, improve governance, and avoid becoming a victim of internal or external fraud.

It also offers data-driven techniques companies can use to meet performance goals and beat back competitive threats.

Unfortunately, most organizations manage risk, performance, and compliance-related activities relatively blindly.

They focus on those areas perceived to be risks, rather than those that actually are.

But as IT risk and governance expert Dan Zitting demonstrates, you can zero in on the risks pertinent to your business, and then gain deep insight into the efficacy of your controls, performance management architecture, and governance policies. As you'll see, the practical risk-and-control framework he outlines, combined with powerful data analysis and concrete recipes, will help you maintain fiduciary oversight and regulatory compliance while mitigating risks like fraud, reputational blunders, and financial leakage. Specifically, Data-Driven Risk and Performance Management shows how you can use the transactional data already in your relational database management systems-like sales, cash movements, regulatory filings, or production data-to do "big data" style analyses.

These can root out fraud, help you spot competitive trends, prevent product or service failures, maintain safety and environmental controls, and reveal policy or legal violations, among other things. Moreover, it provides specific IT systems recipes to uncover such things as: * Production and quality problems* Social media slip-ups* Ethical lapses* Supply chain failures* Stealthy competitive entries into your markets* Customer dissatisfaction Data-driven Risk and Performance Management will provide the risk, control, and testing tools you need to boost organizational performance, improve the bottom line, and become a key player in achieving your firm's strategic objectives.