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Think Like a Master Chef

With Thanksgiving and the holiday season right around the corner, many of us are gearing up to attempt to master some seriously ambitious culinary delights for our friends and families. America loves to cook. We even love to WATCH the professionals do it, as evidenced by the success of shows like Master Chef, Chopped, Top Chef. We’re so obsessed with food and the cooking process we even like to spend time watching people fail at…

How to Inject Confidence in Data Analytics

NOTE: This post originally appeared on EnterpriseTech.com and was authored by Altair Chief Product Officer, Jon Pilkington.   Ideally, data would be the foundation of every business decision: for optimizing operational processes, for analytical insights and for competitive advantage. But a recent TDWI survey exposes a very different reality. According to the report, only 11 percent of respondents said that they were very satisfied with their companies’ investments in data and analytics projects to meet strategic…

How New Accounting Law ASC 606 Will Affect Your Business

What you need to know about ASC 606/IFRS 15 & how to stay compliant.  For many in the accounting field, implementing the necessary process to stay compliant with the ASC 606/IFRS 15 accounting standards is going to be quite a challenge.  This new revenue accounting law went into effect on December 15, 2017, and all businesses are required to follow the guidelines by the next…

The Key to Good Decision-Making That You Might Be Neglecting

Data curation helps break down silos and improve efficiency In this age of information, access to copious amounts of data from every source imaginable has become a gift and a curse. Knowing that you have the data to support nearly any decision brings a great sense of security. However, many organizations struggle with operationalizing big data for it to be used throughout the organization in aiding critical decision-making processes. When data isn’t made available to…

The Most Overlooked Ways to Cultivate A Data-Driven Organization

How organizational culture and corporate communication impact your analytics It’s hard to argue that clear, effective communication isn’t a linchpin in business – the phrase ‘strong verbal and written communication skills’ exists in perpetuity on every job description that’s ever been created. Many believe that communication, or lack thereof, can be what causes some businesses to thrive, while others fail wildly. The concept of ‘effective communication’ in business generally refers to a clear, open…

Unhealthy Clinical Analytics Symptoms You Might Have – And How to Cure Them

Electronic health records revolutionized the way patient data is stored and accessed, converting records that once lived on paper or in siloed databases to easily accessible and shareable data. But accessing data is just the beginning. The real value comes from the ability to pull that data into meaningful reports that can be analyzed and used to make fact-based decisions. And that is particularly important for healthcare providers. By the nature of what they do,…

8 Signs That You Need Financial Reporting Help

Do your month-end and quarter-end closing activities feel like they take a year to complete? Do you wish your annual reports were like the Olympics and only came around every four years?  Do you find yourself suddenly in need of a “sick day” when forecasting time rolls around? If any of these questions resonate with a painful sting, it might be time to do something to optimize and streamline your financial reporting processes. The biggest…

The Member of the C-suite That is Leading the Digital Transformation

The Ever-Evolving Role of Chief Data Officers As companies collect more and more data on every aspect of their businesses, there’s an increasing need to ensure that the data is used strategically and intelligently to generate growth. This sounds like a job for a Chief Data Officer (CDO). The role of the CDO in corporate America is intriguing because it’s expanding to encompass much more than just the historical requirement of managing and enforcing data…

The Battle Over Excel

Excel is a lynchpin in many corporate finance units, but it’s impacting efficiency. Here’s what you can do instead… NOTE: Read our interactive eBook for more information on alleviating chronic spreadsheet pain.  You may be surprised at what’s getting CFOs so worked up these days. It isn’t a major global financial crisis, or a new federal policy, but rather a common piece of software called Excel. You may have heard of it before.

Star Wars: Episode VIII and a Half – The Last Analyst (A Work of Fan Fiction)

All of the excitement around the release of Star Wars: The Last Jedi, it made the team at Altair realize that the plight of a Jedi was not unlike that of the common analyst, who fights the never-ending battle against their own data, armed with spreadsheets and formulas instead of blasters and lightsabers. Our very own Geoff Holm, Sales Engineer, crafted a work of Star Wars fan fiction to illustrate the parallels. We hope you…