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Autonomous: A New Lens for Analytics

Antonio Romero - Mon, 2018-05-21 05:45

Welcome to the era of intelligent, self-driving software. Just as self-driving vehicles are set to transform motoring, self-driving software promises to transform our productivity, and strengthen our analytical abilities.

Perhaps you drive an automatic car today—how much are you looking forward to the day your car will automatically drive you? And how much more preferable would smoother, less time-consuming journeys be—always via the best route, with fewer hold-ups, and automatically avoiding unexpected road congestion—where you only have to input your destination? The technology is almost here, and similar advances are driving modern business applications.

AI and machine learning are finally coming of age thanks to the recent advances in big data that created—for the first time—data sets that were large enough for computers to draw inferences and learn from. That, along with years of SaaS application development in cloud computing environments, means that autonomous technology—harnessing both AI and business intelligence—is now fuelling self-driving software… for both cars and cloud applications.

 

Autonomy—beyond automation

Automation has, of course, been around for years. But autonomy—running on AI and machine learning—takes it to new levels. Today’s software is truly self-driving—it eliminates the need for humans to provision, secure, monitor, back-up, recover, troubleshoot or tune. It upgrades and patches itself, and automatically applies security updates, all while running normally. Indeed, an autonomous data warehouse, for example, can reduce administration overheads by up to 80%.

 

Intelligent thinking

But the greatest value is perhaps in what AI enables you to discover from your data. When applied to analytics, it can identify patterns in huge data sets that might otherwise go unnoticed. So, for example, you could apply AI to sales data to identify trends—who bought what, where, when and why?—and apply those to improve the accuracy of your future forecasts.

Alternatively, if you were looking for a vibrant location for new business premises, you might use AI to search for an area with a strong social media buzz around its restaurants and bars. You could teach the software to look for specific words or phrases, and harness machine learning to improve results over time.

AI technology is already widely used in HR to take the slog out of sifting through huge numbers of job applications. As well as being faster and requiring less manpower, it’s able to remove both human bias—critical in the highly subjective area of recruitment—and also identify the best candidates based on factors such as the kind of language they use.

 

Knowledge and power for everyone

These technologies are coming online now—today—for everyone. In the past, most database reporting was typically run by data analysts or scientists to update pre-existing dashboards and reports. Nowadays there are many more business users who are demanding access to such insights, which is being made possible by tools that are far easier to use.

Anyone can experiment with large samples of different data sets, combining multiple data formats—structured and unstructured—and discovering new trends. They can get answers in context, at the right time, and convert them into simple-to-understand insights, enabling decisions to be made more quickly for competitive advantages.

 

Smarter and smarter…

Yet it’s the strength of those insights that’s really compelling. As one commentator observed: ‘Machine intelligence can give you answers to questions that you haven’t even thought of.’ The quality of those answers—and their underlying questions—will only improve over time. That’s why it’s becoming a competitive imperative to embrace the power of intelligent analytics to ensure you can keep pace with market leaders.

 

Discover how…

In my last blog, I shared how organisations can profit from data warehouses and data marts, and how Oracle’s self-driving, self-securing, and self-repairing Autonomous Data Warehouse saves resources on maintenance allowing investment in data analytics.

 

Autonomous: A New Lens for Analytics

Anthony Shorten - Mon, 2018-05-21 05:45

Welcome to the era of intelligent, self-driving software. Just as self-driving vehicles are set to transform motoring, self-driving software promises to transform our productivity, and strengthen our analytical abilities.

Perhaps you drive an automatic car today—how much are you looking forward to the day your car will automatically drive you? And how much more preferable would smoother, less time-consuming journeys be—always via the best route, with fewer hold-ups, and automatically avoiding unexpected road congestion—where you only have to input your destination? The technology is almost here, and similar advances are driving modern business applications.

AI and machine learning are finally coming of age thanks to the recent advances in big data that created—for the first time—data sets that were large enough for computers to draw inferences and learn from. That, along with years of SaaS application development in cloud computing environments, means that autonomous technology—harnessing both AI and business intelligence—is now fuelling self-driving software… for both cars and cloud applications.

 

Autonomy—beyond automation

Automation has, of course, been around for years. But autonomy—running on AI and machine learning—takes it to new levels. Today’s software is truly self-driving—it eliminates the need for humans to provision, secure, monitor, back-up, recover, troubleshoot or tune. It upgrades and patches itself, and automatically applies security updates, all while running normally. Indeed, an autonomous data warehouse, for example, can reduce administration overheads by up to 80%.

 

Intelligent thinking

But the greatest value is perhaps in what AI enables you to discover from your data. When applied to analytics, it can identify patterns in huge data sets that might otherwise go unnoticed. So, for example, you could apply AI to sales data to identify trends—who bought what, where, when and why?—and apply those to improve the accuracy of your future forecasts.

Alternatively, if you were looking for a vibrant location for new business premises, you might use AI to search for an area with a strong social media buzz around its restaurants and bars. You could teach the software to look for specific words or phrases, and harness machine learning to improve results over time.

AI technology is already widely used in HR to take the slog out of sifting through huge numbers of job applications. As well as being faster and requiring less manpower, it’s able to remove both human bias—critical in the highly subjective area of recruitment—and also identify the best candidates based on factors such as the kind of language they use.

 

Knowledge and power for everyone

These technologies are coming online now—today—for everyone. In the past, most database reporting was typically run by data analysts or scientists to update pre-existing dashboards and reports. Nowadays there are many more business users who are demanding access to such insights, which is being made possible by tools that are far easier to use.

Anyone can experiment with large samples of different data sets, combining multiple data formats—structured and unstructured—and discovering new trends. They can get answers in context, at the right time, and convert them into simple-to-understand insights, enabling decisions to be made more quickly for competitive advantages.

 

Smarter and smarter…

Yet it’s the strength of those insights that’s really compelling. As one commentator observed: ‘Machine intelligence can give you answers to questions that you haven’t even thought of.’ The quality of those answers—and their underlying questions—will only improve over time. That’s why it’s becoming a competitive imperative to embrace the power of intelligent analytics to ensure you can keep pace with market leaders.

 

Discover how…

In my last blog, I shared how organisations can profit from data warehouses and data marts, and how Oracle’s self-driving, self-securing, and self-repairing Autonomous Data Warehouse saves resources on maintenance allowing investment in data analytics.

 

Autonomous: A New Lens for Analytics

Anshu Sharma - Mon, 2018-05-21 05:45

Welcome to the era of intelligent, self-driving software. Just as self-driving vehicles are set to transform motoring, self-driving software promises to transform our productivity, and strengthen our analytical abilities.

Perhaps you drive an automatic car today—how much are you looking forward to the day your car will automatically drive you? And how much more preferable would smoother, less time-consuming journeys be—always via the best route, with fewer hold-ups, and automatically avoiding unexpected road congestion—where you only have to input your destination? The technology is almost here, and similar advances are driving modern business applications.

AI and machine learning are finally coming of age thanks to the recent advances in big data that created—for the first time—data sets that were large enough for computers to draw inferences and learn from. That, along with years of SaaS application development in cloud computing environments, means that autonomous technology—harnessing both AI and business intelligence—is now fuelling self-driving software… for both cars and cloud applications.

 

Autonomy—beyond automation

Automation has, of course, been around for years. But autonomy—running on AI and machine learning—takes it to new levels. Today’s software is truly self-driving—it eliminates the need for humans to provision, secure, monitor, back-up, recover, troubleshoot or tune. It upgrades and patches itself, and automatically applies security updates, all while running normally. Indeed, an autonomous data warehouse, for example, can reduce administration overheads by up to 80%.

 

Intelligent thinking

But the greatest value is perhaps in what AI enables you to discover from your data. When applied to analytics, it can identify patterns in huge data sets that might otherwise go unnoticed. So, for example, you could apply AI to sales data to identify trends—who bought what, where, when and why?—and apply those to improve the accuracy of your future forecasts.

Alternatively, if you were looking for a vibrant location for new business premises, you might use AI to search for an area with a strong social media buzz around its restaurants and bars. You could teach the software to look for specific words or phrases, and harness machine learning to improve results over time.

AI technology is already widely used in HR to take the slog out of sifting through huge numbers of job applications. As well as being faster and requiring less manpower, it’s able to remove both human bias—critical in the highly subjective area of recruitment—and also identify the best candidates based on factors such as the kind of language they use.

 

Knowledge and power for everyone

These technologies are coming online now—today—for everyone. In the past, most database reporting was typically run by data analysts or scientists to update pre-existing dashboards and reports. Nowadays there are many more business users who are demanding access to such insights, which is being made possible by tools that are far easier to use.

Anyone can experiment with large samples of different data sets, combining multiple data formats—structured and unstructured—and discovering new trends. They can get answers in context, at the right time, and convert them into simple-to-understand insights, enabling decisions to be made more quickly for competitive advantages.

 

Smarter and smarter…

Yet it’s the strength of those insights that’s really compelling. As one commentator observed: ‘Machine intelligence can give you answers to questions that you haven’t even thought of.’ The quality of those answers—and their underlying questions—will only improve over time. That’s why it’s becoming a competitive imperative to embrace the power of intelligent analytics to ensure you can keep pace with market leaders.

 

Discover how…

In my last blog, I shared how organisations can profit from data warehouses and data marts, and how Oracle’s self-driving, self-securing, and self-repairing Autonomous Data Warehouse saves resources on maintenance allowing investment in data analytics.

 

Autonomous: A New Lens for Analytics

Angelo Santagata - Mon, 2018-05-21 05:45

Welcome to the era of intelligent, self-driving software. Just as self-driving vehicles are set to transform motoring, self-driving software promises to transform our productivity, and strengthen our analytical abilities.

Perhaps you drive an automatic car today—how much are you looking forward to the day your car will automatically drive you? And how much more preferable would smoother, less time-consuming journeys be—always via the best route, with fewer hold-ups, and automatically avoiding unexpected road congestion—where you only have to input your destination? The technology is almost here, and similar advances are driving modern business applications.

AI and machine learning are finally coming of age thanks to the recent advances in big data that created—for the first time—data sets that were large enough for computers to draw inferences and learn from. That, along with years of SaaS application development in cloud computing environments, means that autonomous technology—harnessing both AI and business intelligence—is now fuelling self-driving software… for both cars and cloud applications.

 

Autonomy—beyond automation

Automation has, of course, been around for years. But autonomy—running on AI and machine learning—takes it to new levels. Today’s software is truly self-driving—it eliminates the need for humans to provision, secure, monitor, back-up, recover, troubleshoot or tune. It upgrades and patches itself, and automatically applies security updates, all while running normally. Indeed, an autonomous data warehouse, for example, can reduce administration overheads by up to 80%.

 

Intelligent thinking

But the greatest value is perhaps in what AI enables you to discover from your data. When applied to analytics, it can identify patterns in huge data sets that might otherwise go unnoticed. So, for example, you could apply AI to sales data to identify trends—who bought what, where, when and why?—and apply those to improve the accuracy of your future forecasts.

Alternatively, if you were looking for a vibrant location for new business premises, you might use AI to search for an area with a strong social media buzz around its restaurants and bars. You could teach the software to look for specific words or phrases, and harness machine learning to improve results over time.

AI technology is already widely used in HR to take the slog out of sifting through huge numbers of job applications. As well as being faster and requiring less manpower, it’s able to remove both human bias—critical in the highly subjective area of recruitment—and also identify the best candidates based on factors such as the kind of language they use.

 

Knowledge and power for everyone

These technologies are coming online now—today—for everyone. In the past, most database reporting was typically run by data analysts or scientists to update pre-existing dashboards and reports. Nowadays there are many more business users who are demanding access to such insights, which is being made possible by tools that are far easier to use.

Anyone can experiment with large samples of different data sets, combining multiple data formats—structured and unstructured—and discovering new trends. They can get answers in context, at the right time, and convert them into simple-to-understand insights, enabling decisions to be made more quickly for competitive advantages.

 

Smarter and smarter…

Yet it’s the strength of those insights that’s really compelling. As one commentator observed: ‘Machine intelligence can give you answers to questions that you haven’t even thought of.’ The quality of those answers—and their underlying questions—will only improve over time. That’s why it’s becoming a competitive imperative to embrace the power of intelligent analytics to ensure you can keep pace with market leaders.

 

Discover how…

In my last blog, I shared how organisations can profit from data warehouses and data marts, and how Oracle’s self-driving, self-securing, and self-repairing Autonomous Data Warehouse saves resources on maintenance allowing investment in data analytics.

 

CPQ is an Auditor’s Best Friend

Christopher Jones - Mon, 2018-05-21 03:00

By Andy Pieroux, Founder and Managing Director of Walpole Partnership Ltd.  

One of the reasons many companies invest in a Configure, Price and Quote (CPQ) system is to provide a robust audit trail for their pricing decisions. Let’s take a look at why, and how CPQ can help.


First, apologies if you are an auditor. I’ve always been on the business side - either in sales, sales management, or as a pricing manager. I can appreciate your view may be different from the other side of the controls. Perhaps by the end of this article our points of view may become closer?

If your business has the potential to get audited, I know that I can speak on your behalf to say we all just love being audited. We love the time taken away from our day jobs. We love the stress of feeling that something may be unearthed that exposes us or gets us in trouble, even if we’ve never knowingly done anything wrong. We love the thought of our practices being exposed as 'in need of improvement' and relish the chance to dig through old documents and folders to try and piece together the story of why we did what we did… especially when it was several years ago. Yes sir, bring on the audit.

The reason we love it so much is that in our heart of hearts, we know audits are needed for our organization to prosper in the future. We dread the thought that our company might be caught up in a scandal like the mis-selling of pensions, or PPI (payment protection insurance), or serious accounting frauds like Enron.

It was scandals like Enron in the early 2000s that gave rise to stricter audit requirements and Sarbanes-Oxley (SOX).  This set a high standard required for internal controls, and much tougher penalties for board members who fail to ensure that financial statements are accurate. The role of pricing decisions (e.g. who authorized what and when), and the accuracy of revenue reporting becomes paramount when evidencing compliance with audit arrangements such as this.

At this point, a CPQ system can be the simple answer to your audit needs. All requests for discount, and the way revenue is allocated across products and services is documented. All approvals can be; attributed to an individual, time stamped, and with reasons captured at the time of approval. More importantly, the ability to show an auditor the entire history of a decision and to follow the breadcrumbs from a signed deal all the way to reported revenue at the click of a button means you have nothing to hide, and a clear understanding of the decisions. This is music to an auditor’s ears. It builds trust and confidence in the process and means any anomalies can be quickly analyzed.

When you have all this information securely stored in the cloud, under controlled access to only those who need it, and a tamper-proof process, that means it is designed with integrity in mind, and makes the process of passing an audit so much easier. All the anxiety and pain mentioned above disappears. Auditors are no longer the enemy. You will find they can help advise on improvements to the rules in your system to make future audits even more enjoyable. Yes - that’s right…. I said it. Enjoyable Audits!

So, CPQ is an auditor’s friend, and an auditee’s friend too. It doesn’t just apply to the big-scale audit requirements like SOX, but any organization that is auditable. Whether you’re a telecommunications company affected by IFRS 15, an organization impacted by GDPR, or any one of a thousand other guidelines, rules or quality policies that get checked - having data and decisions stored in a CPQ system will make you love audits too.

 

 

CPQ is an Auditor’s Best Friend

Chris Warticki - Mon, 2018-05-21 03:00

By Andy Pieroux, Founder and Managing Director of Walpole Partnership Ltd.  

One of the reasons many companies invest in a Configure, Price and Quote (CPQ) system is to provide a robust audit trail for their pricing decisions. Let’s take a look at why, and how CPQ can help.


First, apologies if you are an auditor. I’ve always been on the business side - either in sales, sales management, or as a pricing manager. I can appreciate your view may be different from the other side of the controls. Perhaps by the end of this article our points of view may become closer?

If your business has the potential to get audited, I know that I can speak on your behalf to say we all just love being audited. We love the time taken away from our day jobs. We love the stress of feeling that something may be unearthed that exposes us or gets us in trouble, even if we’ve never knowingly done anything wrong. We love the thought of our practices being exposed as 'in need of improvement' and relish the chance to dig through old documents and folders to try and piece together the story of why we did what we did… especially when it was several years ago. Yes sir, bring on the audit.

The reason we love it so much is that in our heart of hearts, we know audits are needed for our organization to prosper in the future. We dread the thought that our company might be caught up in a scandal like the mis-selling of pensions, or PPI (payment protection insurance), or serious accounting frauds like Enron.

It was scandals like Enron in the early 2000s that gave rise to stricter audit requirements and Sarbanes-Oxley (SOX).  This set a high standard required for internal controls, and much tougher penalties for board members who fail to ensure that financial statements are accurate. The role of pricing decisions (e.g. who authorized what and when), and the accuracy of revenue reporting becomes paramount when evidencing compliance with audit arrangements such as this.

At this point, a CPQ system can be the simple answer to your audit needs. All requests for discount, and the way revenue is allocated across products and services is documented. All approvals can be; attributed to an individual, time stamped, and with reasons captured at the time of approval. More importantly, the ability to show an auditor the entire history of a decision and to follow the breadcrumbs from a signed deal all the way to reported revenue at the click of a button means you have nothing to hide, and a clear understanding of the decisions. This is music to an auditor’s ears. It builds trust and confidence in the process and means any anomalies can be quickly analyzed.

When you have all this information securely stored in the cloud, under controlled access to only those who need it, and a tamper-proof process, that means it is designed with integrity in mind, and makes the process of passing an audit so much easier. All the anxiety and pain mentioned above disappears. Auditors are no longer the enemy. You will find they can help advise on improvements to the rules in your system to make future audits even more enjoyable. Yes - that’s right…. I said it. Enjoyable Audits!

So, CPQ is an auditor’s friend, and an auditee’s friend too. It doesn’t just apply to the big-scale audit requirements like SOX, but any organization that is auditable. Whether you’re a telecommunications company affected by IFRS 15, an organization impacted by GDPR, or any one of a thousand other guidelines, rules or quality policies that get checked - having data and decisions stored in a CPQ system will make you love audits too.

 

 

CPQ is an Auditor’s Best Friend

Antony Reynolds - Mon, 2018-05-21 03:00

By Andy Pieroux, Founder and Managing Director of Walpole Partnership Ltd.  

One of the reasons many companies invest in a Configure, Price and Quote (CPQ) system is to provide a robust audit trail for their pricing decisions. Let’s take a look at why, and how CPQ can help.


First, apologies if you are an auditor. I’ve always been on the business side - either in sales, sales management, or as a pricing manager. I can appreciate your view may be different from the other side of the controls. Perhaps by the end of this article our points of view may become closer?

If your business has the potential to get audited, I know that I can speak on your behalf to say we all just love being audited. We love the time taken away from our day jobs. We love the stress of feeling that something may be unearthed that exposes us or gets us in trouble, even if we’ve never knowingly done anything wrong. We love the thought of our practices being exposed as 'in need of improvement' and relish the chance to dig through old documents and folders to try and piece together the story of why we did what we did… especially when it was several years ago. Yes sir, bring on the audit.

The reason we love it so much is that in our heart of hearts, we know audits are needed for our organization to prosper in the future. We dread the thought that our company might be caught up in a scandal like the mis-selling of pensions, or PPI (payment protection insurance), or serious accounting frauds like Enron.

It was scandals like Enron in the early 2000s that gave rise to stricter audit requirements and Sarbanes-Oxley (SOX).  This set a high standard required for internal controls, and much tougher penalties for board members who fail to ensure that financial statements are accurate. The role of pricing decisions (e.g. who authorized what and when), and the accuracy of revenue reporting becomes paramount when evidencing compliance with audit arrangements such as this.

At this point, a CPQ system can be the simple answer to your audit needs. All requests for discount, and the way revenue is allocated across products and services is documented. All approvals can be; attributed to an individual, time stamped, and with reasons captured at the time of approval. More importantly, the ability to show an auditor the entire history of a decision and to follow the breadcrumbs from a signed deal all the way to reported revenue at the click of a button means you have nothing to hide, and a clear understanding of the decisions. This is music to an auditor’s ears. It builds trust and confidence in the process and means any anomalies can be quickly analyzed.

When you have all this information securely stored in the cloud, under controlled access to only those who need it, and a tamper-proof process, that means it is designed with integrity in mind, and makes the process of passing an audit so much easier. All the anxiety and pain mentioned above disappears. Auditors are no longer the enemy. You will find they can help advise on improvements to the rules in your system to make future audits even more enjoyable. Yes - that’s right…. I said it. Enjoyable Audits!

So, CPQ is an auditor’s friend, and an auditee’s friend too. It doesn’t just apply to the big-scale audit requirements like SOX, but any organization that is auditable. Whether you’re a telecommunications company affected by IFRS 15, an organization impacted by GDPR, or any one of a thousand other guidelines, rules or quality policies that get checked - having data and decisions stored in a CPQ system will make you love audits too.

 

 

CPQ is an Auditor’s Best Friend

Antonio Romero - Mon, 2018-05-21 03:00

By Andy Pieroux, Founder and Managing Director of Walpole Partnership Ltd.  

One of the reasons many companies invest in a Configure, Price and Quote (CPQ) system is to provide a robust audit trail for their pricing decisions. Let’s take a look at why, and how CPQ can help.


First, apologies if you are an auditor. I’ve always been on the business side - either in sales, sales management, or as a pricing manager. I can appreciate your view may be different from the other side of the controls. Perhaps by the end of this article our points of view may become closer?

If your business has the potential to get audited, I know that I can speak on your behalf to say we all just love being audited. We love the time taken away from our day jobs. We love the stress of feeling that something may be unearthed that exposes us or gets us in trouble, even if we’ve never knowingly done anything wrong. We love the thought of our practices being exposed as 'in need of improvement' and relish the chance to dig through old documents and folders to try and piece together the story of why we did what we did… especially when it was several years ago. Yes sir, bring on the audit.

The reason we love it so much is that in our heart of hearts, we know audits are needed for our organization to prosper in the future. We dread the thought that our company might be caught up in a scandal like the mis-selling of pensions, or PPI (payment protection insurance), or serious accounting frauds like Enron.

It was scandals like Enron in the early 2000s that gave rise to stricter audit requirements and Sarbanes-Oxley (SOX).  This set a high standard required for internal controls, and much tougher penalties for board members who fail to ensure that financial statements are accurate. The role of pricing decisions (e.g. who authorized what and when), and the accuracy of revenue reporting becomes paramount when evidencing compliance with audit arrangements such as this.

At this point, a CPQ system can be the simple answer to your audit needs. All requests for discount, and the way revenue is allocated across products and services is documented. All approvals can be; attributed to an individual, time stamped, and with reasons captured at the time of approval. More importantly, the ability to show an auditor the entire history of a decision and to follow the breadcrumbs from a signed deal all the way to reported revenue at the click of a button means you have nothing to hide, and a clear understanding of the decisions. This is music to an auditor’s ears. It builds trust and confidence in the process and means any anomalies can be quickly analyzed.

When you have all this information securely stored in the cloud, under controlled access to only those who need it, and a tamper-proof process, that means it is designed with integrity in mind, and makes the process of passing an audit so much easier. All the anxiety and pain mentioned above disappears. Auditors are no longer the enemy. You will find they can help advise on improvements to the rules in your system to make future audits even more enjoyable. Yes - that’s right…. I said it. Enjoyable Audits!

So, CPQ is an auditor’s friend, and an auditee’s friend too. It doesn’t just apply to the big-scale audit requirements like SOX, but any organization that is auditable. Whether you’re a telecommunications company affected by IFRS 15, an organization impacted by GDPR, or any one of a thousand other guidelines, rules or quality policies that get checked - having data and decisions stored in a CPQ system will make you love audits too.

 

 

CPQ is an Auditor’s Best Friend

Anthony Shorten - Mon, 2018-05-21 03:00

By Andy Pieroux, Founder and Managing Director of Walpole Partnership Ltd.  

One of the reasons many companies invest in a Configure, Price and Quote (CPQ) system is to provide a robust audit trail for their pricing decisions. Let’s take a look at why, and how CPQ can help.


First, apologies if you are an auditor. I’ve always been on the business side - either in sales, sales management, or as a pricing manager. I can appreciate your view may be different from the other side of the controls. Perhaps by the end of this article our points of view may become closer?

If your business has the potential to get audited, I know that I can speak on your behalf to say we all just love being audited. We love the time taken away from our day jobs. We love the stress of feeling that something may be unearthed that exposes us or gets us in trouble, even if we’ve never knowingly done anything wrong. We love the thought of our practices being exposed as 'in need of improvement' and relish the chance to dig through old documents and folders to try and piece together the story of why we did what we did… especially when it was several years ago. Yes sir, bring on the audit.

The reason we love it so much is that in our heart of hearts, we know audits are needed for our organization to prosper in the future. We dread the thought that our company might be caught up in a scandal like the mis-selling of pensions, or PPI (payment protection insurance), or serious accounting frauds like Enron.

It was scandals like Enron in the early 2000s that gave rise to stricter audit requirements and Sarbanes-Oxley (SOX).  This set a high standard required for internal controls, and much tougher penalties for board members who fail to ensure that financial statements are accurate. The role of pricing decisions (e.g. who authorized what and when), and the accuracy of revenue reporting becomes paramount when evidencing compliance with audit arrangements such as this.

At this point, a CPQ system can be the simple answer to your audit needs. All requests for discount, and the way revenue is allocated across products and services is documented. All approvals can be; attributed to an individual, time stamped, and with reasons captured at the time of approval. More importantly, the ability to show an auditor the entire history of a decision and to follow the breadcrumbs from a signed deal all the way to reported revenue at the click of a button means you have nothing to hide, and a clear understanding of the decisions. This is music to an auditor’s ears. It builds trust and confidence in the process and means any anomalies can be quickly analyzed.

When you have all this information securely stored in the cloud, under controlled access to only those who need it, and a tamper-proof process, that means it is designed with integrity in mind, and makes the process of passing an audit so much easier. All the anxiety and pain mentioned above disappears. Auditors are no longer the enemy. You will find they can help advise on improvements to the rules in your system to make future audits even more enjoyable. Yes - that’s right…. I said it. Enjoyable Audits!

So, CPQ is an auditor’s friend, and an auditee’s friend too. It doesn’t just apply to the big-scale audit requirements like SOX, but any organization that is auditable. Whether you’re a telecommunications company affected by IFRS 15, an organization impacted by GDPR, or any one of a thousand other guidelines, rules or quality policies that get checked - having data and decisions stored in a CPQ system will make you love audits too.

 

 

CPQ is an Auditor’s Best Friend

Anshu Sharma - Mon, 2018-05-21 03:00

By Andy Pieroux, Founder and Managing Director of Walpole Partnership Ltd.  

One of the reasons many companies invest in a Configure, Price and Quote (CPQ) system is to provide a robust audit trail for their pricing decisions. Let’s take a look at why, and how CPQ can help.


First, apologies if you are an auditor. I’ve always been on the business side - either in sales, sales management, or as a pricing manager. I can appreciate your view may be different from the other side of the controls. Perhaps by the end of this article our points of view may become closer?

If your business has the potential to get audited, I know that I can speak on your behalf to say we all just love being audited. We love the time taken away from our day jobs. We love the stress of feeling that something may be unearthed that exposes us or gets us in trouble, even if we’ve never knowingly done anything wrong. We love the thought of our practices being exposed as 'in need of improvement' and relish the chance to dig through old documents and folders to try and piece together the story of why we did what we did… especially when it was several years ago. Yes sir, bring on the audit.

The reason we love it so much is that in our heart of hearts, we know audits are needed for our organization to prosper in the future. We dread the thought that our company might be caught up in a scandal like the mis-selling of pensions, or PPI (payment protection insurance), or serious accounting frauds like Enron.

It was scandals like Enron in the early 2000s that gave rise to stricter audit requirements and Sarbanes-Oxley (SOX).  This set a high standard required for internal controls, and much tougher penalties for board members who fail to ensure that financial statements are accurate. The role of pricing decisions (e.g. who authorized what and when), and the accuracy of revenue reporting becomes paramount when evidencing compliance with audit arrangements such as this.

At this point, a CPQ system can be the simple answer to your audit needs. All requests for discount, and the way revenue is allocated across products and services is documented. All approvals can be; attributed to an individual, time stamped, and with reasons captured at the time of approval. More importantly, the ability to show an auditor the entire history of a decision and to follow the breadcrumbs from a signed deal all the way to reported revenue at the click of a button means you have nothing to hide, and a clear understanding of the decisions. This is music to an auditor’s ears. It builds trust and confidence in the process and means any anomalies can be quickly analyzed.

When you have all this information securely stored in the cloud, under controlled access to only those who need it, and a tamper-proof process, that means it is designed with integrity in mind, and makes the process of passing an audit so much easier. All the anxiety and pain mentioned above disappears. Auditors are no longer the enemy. You will find they can help advise on improvements to the rules in your system to make future audits even more enjoyable. Yes - that’s right…. I said it. Enjoyable Audits!

So, CPQ is an auditor’s friend, and an auditee’s friend too. It doesn’t just apply to the big-scale audit requirements like SOX, but any organization that is auditable. Whether you’re a telecommunications company affected by IFRS 15, an organization impacted by GDPR, or any one of a thousand other guidelines, rules or quality policies that get checked - having data and decisions stored in a CPQ system will make you love audits too.

 

 

CPQ is an Auditor’s Best Friend

Angelo Santagata - Mon, 2018-05-21 03:00

By Andy Pieroux, Founder and Managing Director of Walpole Partnership Ltd.  

One of the reasons many companies invest in a Configure, Price and Quote (CPQ) system is to provide a robust audit trail for their pricing decisions. Let’s take a look at why, and how CPQ can help.


First, apologies if you are an auditor. I’ve always been on the business side - either in sales, sales management, or as a pricing manager. I can appreciate your view may be different from the other side of the controls. Perhaps by the end of this article our points of view may become closer?

If your business has the potential to get audited, I know that I can speak on your behalf to say we all just love being audited. We love the time taken away from our day jobs. We love the stress of feeling that something may be unearthed that exposes us or gets us in trouble, even if we’ve never knowingly done anything wrong. We love the thought of our practices being exposed as 'in need of improvement' and relish the chance to dig through old documents and folders to try and piece together the story of why we did what we did… especially when it was several years ago. Yes sir, bring on the audit.

The reason we love it so much is that in our heart of hearts, we know audits are needed for our organization to prosper in the future. We dread the thought that our company might be caught up in a scandal like the mis-selling of pensions, or PPI (payment protection insurance), or serious accounting frauds like Enron.

It was scandals like Enron in the early 2000s that gave rise to stricter audit requirements and Sarbanes-Oxley (SOX).  This set a high standard required for internal controls, and much tougher penalties for board members who fail to ensure that financial statements are accurate. The role of pricing decisions (e.g. who authorized what and when), and the accuracy of revenue reporting becomes paramount when evidencing compliance with audit arrangements such as this.

At this point, a CPQ system can be the simple answer to your audit needs. All requests for discount, and the way revenue is allocated across products and services is documented. All approvals can be; attributed to an individual, time stamped, and with reasons captured at the time of approval. More importantly, the ability to show an auditor the entire history of a decision and to follow the breadcrumbs from a signed deal all the way to reported revenue at the click of a button means you have nothing to hide, and a clear understanding of the decisions. This is music to an auditor’s ears. It builds trust and confidence in the process and means any anomalies can be quickly analyzed.

When you have all this information securely stored in the cloud, under controlled access to only those who need it, and a tamper-proof process, that means it is designed with integrity in mind, and makes the process of passing an audit so much easier. All the anxiety and pain mentioned above disappears. Auditors are no longer the enemy. You will find they can help advise on improvements to the rules in your system to make future audits even more enjoyable. Yes - that’s right…. I said it. Enjoyable Audits!

So, CPQ is an auditor’s friend, and an auditee’s friend too. It doesn’t just apply to the big-scale audit requirements like SOX, but any organization that is auditable. Whether you’re a telecommunications company affected by IFRS 15, an organization impacted by GDPR, or any one of a thousand other guidelines, rules or quality policies that get checked - having data and decisions stored in a CPQ system will make you love audits too.

 

 

Announcing July/August Australian Dates: “Oracle Indexing Internals and Best Practices” Seminar

Richard Foote - Mon, 2018-05-21 02:58
I’m very excited to announce new Australian dates for my highly acclaimed “Oracle Indexing Internals and Best Practices” seminar. This is a must attend seminar of benefit to not only DBAs, but also to Developers, Solution Architects and anyone else interested in designing, developing or maintaining high performance Oracle-based applications. It’s a fun, but intense, […]
Categories: DBA Blogs

New Video : BACKUP AS COPY PLUGGABLE DATABASE

Hemant K Chitale - Sun, 2018-05-20 09:42
I have published a new YouTube video on the RMAN "BACKUP AS COPY PLUGGABLE DATABASE" command.
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Categories: DBA Blogs

When Screen Scraping became API calling – Gathering Oracle OpenWorld Session Catalog with ...

Shay Shmeltzer - Sun, 2018-05-20 03:16
image

A dataset with all sessions of the upcoming Oracle OpenWorld 2017 conference is nice to have – for experiments and demonstrations with many technologies. The session catalog is exposed at a website here.

With searching, filtering and scrolling, all available sessions can be inspected. If data is available in a browser, it can be retrieved programmatically and persisted locally in for example a JSON document. A typical approach for this is web scraping: having a server side program act like a browser, retrieve the HTML from the web site and query the data from the response. This process is described for example in this article – https://codeburst.io/an-introduction-to-web-scraping-with-node-js-1045b55c63f7 – for Node and the Cheerio library.

However, server side screen scraping of HTML will only be successful when the HTML is static. Dynamic HTML is constructed in the browser by executing JavaScript code that manipulates the browser DOM. If that is the mechanism behind a web site, server side scraping is at the very least considerably more complex (as it requires the server to emulate a modern web browser to a large degree). Selenium has been used in such cases – to provide a server side, programmatically accessible browser engine. Alternatively, screen scraping can also be performed inside the browser itself – as is supported for example by the Getsy library.

As you will find in this article – when server side scraping fails, client side scraping may be a much to complex solution. It is very well possible that the rich client web application is using a REST API that provides the data as a JSON document. An API that our server side program can also easily leverage. That turned out the case for the OOW 2017 website – so instead of complex HTML parsing and server side or even client side scraping, the challenge at hand resolves to nothing more than a little bit of REST calling. Read the complete article here.

PaaS Partner Community

For regular information on business process management and integration become a member in the SOA & BPM Partner Community for registration please visit www.oracle.com/goto/emea/soa (OPN account required) If you need support with your account please contact the Oracle Partner Business Center.

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Technorati Tags: SOA Community,Oracle SOA,Oracle BPM,OPN,Jürgen Kress

Categories: Development

When Screen Scraping became API calling – Gathering Oracle OpenWorld Session Catalog with ...

A dataset with all sessions of the upcoming Oracle OpenWorld 2017 conference is nice to have – for experiments and demonstrations with many technologies. The session catalog is exposed at a...

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Categories: DBA Blogs

When Screen Scraping became API calling – Gathering Oracle OpenWorld Session Catalog with ...

Tim Dexter - Sun, 2018-05-20 03:16
image

A dataset with all sessions of the upcoming Oracle OpenWorld 2017 conference is nice to have – for experiments and demonstrations with many technologies. The session catalog is exposed at a website here.

With searching, filtering and scrolling, all available sessions can be inspected. If data is available in a browser, it can be retrieved programmatically and persisted locally in for example a JSON document. A typical approach for this is web scraping: having a server side program act like a browser, retrieve the HTML from the web site and query the data from the response. This process is described for example in this article – https://codeburst.io/an-introduction-to-web-scraping-with-node-js-1045b55c63f7 – for Node and the Cheerio library.

However, server side screen scraping of HTML will only be successful when the HTML is static. Dynamic HTML is constructed in the browser by executing JavaScript code that manipulates the browser DOM. If that is the mechanism behind a web site, server side scraping is at the very least considerably more complex (as it requires the server to emulate a modern web browser to a large degree). Selenium has been used in such cases – to provide a server side, programmatically accessible browser engine. Alternatively, screen scraping can also be performed inside the browser itself – as is supported for example by the Getsy library.

As you will find in this article – when server side scraping fails, client side scraping may be a much to complex solution. It is very well possible that the rich client web application is using a REST API that provides the data as a JSON document. An API that our server side program can also easily leverage. That turned out the case for the OOW 2017 website – so instead of complex HTML parsing and server side or even client side scraping, the challenge at hand resolves to nothing more than a little bit of REST calling. Read the complete article here.

PaaS Partner Community

For regular information on business process management and integration become a member in the SOA & BPM Partner Community for registration please visit www.oracle.com/goto/emea/soa (OPN account required) If you need support with your account please contact the Oracle Partner Business Center.

Blog Twitter LinkedIn image[7][2][2][2] Facebook clip_image002[8][4][2][2][2] Wiki

Technorati Tags: SOA Community,Oracle SOA,Oracle BPM,OPN,Jürgen Kress

Categories: BI & Warehousing

When Screen Scraping became API calling – Gathering Oracle OpenWorld Session Catalog with ...

PeopleSoft Technology Blog - Sun, 2018-05-20 03:16
image

A dataset with all sessions of the upcoming Oracle OpenWorld 2017 conference is nice to have – for experiments and demonstrations with many technologies. The session catalog is exposed at a website here.

With searching, filtering and scrolling, all available sessions can be inspected. If data is available in a browser, it can be retrieved programmatically and persisted locally in for example a JSON document. A typical approach for this is web scraping: having a server side program act like a browser, retrieve the HTML from the web site and query the data from the response. This process is described for example in this article – https://codeburst.io/an-introduction-to-web-scraping-with-node-js-1045b55c63f7 – for Node and the Cheerio library.

However, server side screen scraping of HTML will only be successful when the HTML is static. Dynamic HTML is constructed in the browser by executing JavaScript code that manipulates the browser DOM. If that is the mechanism behind a web site, server side scraping is at the very least considerably more complex (as it requires the server to emulate a modern web browser to a large degree). Selenium has been used in such cases – to provide a server side, programmatically accessible browser engine. Alternatively, screen scraping can also be performed inside the browser itself – as is supported for example by the Getsy library.

As you will find in this article – when server side scraping fails, client side scraping may be a much to complex solution. It is very well possible that the rich client web application is using a REST API that provides the data as a JSON document. An API that our server side program can also easily leverage. That turned out the case for the OOW 2017 website – so instead of complex HTML parsing and server side or even client side scraping, the challenge at hand resolves to nothing more than a little bit of REST calling. Read the complete article here.

PaaS Partner Community

For regular information on business process management and integration become a member in the SOA & BPM Partner Community for registration please visit www.oracle.com/goto/emea/soa (OPN account required) If you need support with your account please contact the Oracle Partner Business Center.

Blog Twitter LinkedIn image[7][2][2][2] Facebook clip_image002[8][4][2][2][2] Wiki

Technorati Tags: SOA Community,Oracle SOA,Oracle BPM,OPN,Jürgen Kress

When Screen Scraping became API calling – Gathering Oracle OpenWorld Session Catalog with ...

Peeyush Tugnawat - Sun, 2018-05-20 03:16
image

A dataset with all sessions of the upcoming Oracle OpenWorld 2017 conference is nice to have – for experiments and demonstrations with many technologies. The session catalog is exposed at a website here.

With searching, filtering and scrolling, all available sessions can be inspected. If data is available in a browser, it can be retrieved programmatically and persisted locally in for example a JSON document. A typical approach for this is web scraping: having a server side program act like a browser, retrieve the HTML from the web site and query the data from the response. This process is described for example in this article – https://codeburst.io/an-introduction-to-web-scraping-with-node-js-1045b55c63f7 – for Node and the Cheerio library.

However, server side screen scraping of HTML will only be successful when the HTML is static. Dynamic HTML is constructed in the browser by executing JavaScript code that manipulates the browser DOM. If that is the mechanism behind a web site, server side scraping is at the very least considerably more complex (as it requires the server to emulate a modern web browser to a large degree). Selenium has been used in such cases – to provide a server side, programmatically accessible browser engine. Alternatively, screen scraping can also be performed inside the browser itself – as is supported for example by the Getsy library.

As you will find in this article – when server side scraping fails, client side scraping may be a much to complex solution. It is very well possible that the rich client web application is using a REST API that provides the data as a JSON document. An API that our server side program can also easily leverage. That turned out the case for the OOW 2017 website – so instead of complex HTML parsing and server side or even client side scraping, the challenge at hand resolves to nothing more than a little bit of REST calling. Read the complete article here.

PaaS Partner Community

For regular information on business process management and integration become a member in the SOA & BPM Partner Community for registration please visit www.oracle.com/goto/emea/soa (OPN account required) If you need support with your account please contact the Oracle Partner Business Center.

Blog Twitter LinkedIn image[7][2][2][2] Facebook clip_image002[8][4][2][2][2] Wiki

Technorati Tags: SOA Community,Oracle SOA,Oracle BPM,OPN,Jürgen Kress

When Screen Scraping became API calling – Gathering Oracle OpenWorld Session Catalog with ...

Pat Shuff - Sun, 2018-05-20 03:16
image

A dataset with all sessions of the upcoming Oracle OpenWorld 2017 conference is nice to have – for experiments and demonstrations with many technologies. The session catalog is exposed at a website here.

With searching, filtering and scrolling, all available sessions can be inspected. If data is available in a browser, it can be retrieved programmatically and persisted locally in for example a JSON document. A typical approach for this is web scraping: having a server side program act like a browser, retrieve the HTML from the web site and query the data from the response. This process is described for example in this article – https://codeburst.io/an-introduction-to-web-scraping-with-node-js-1045b55c63f7 – for Node and the Cheerio library.

However, server side screen scraping of HTML will only be successful when the HTML is static. Dynamic HTML is constructed in the browser by executing JavaScript code that manipulates the browser DOM. If that is the mechanism behind a web site, server side scraping is at the very least considerably more complex (as it requires the server to emulate a modern web browser to a large degree). Selenium has been used in such cases – to provide a server side, programmatically accessible browser engine. Alternatively, screen scraping can also be performed inside the browser itself – as is supported for example by the Getsy library.

As you will find in this article – when server side scraping fails, client side scraping may be a much to complex solution. It is very well possible that the rich client web application is using a REST API that provides the data as a JSON document. An API that our server side program can also easily leverage. That turned out the case for the OOW 2017 website – so instead of complex HTML parsing and server side or even client side scraping, the challenge at hand resolves to nothing more than a little bit of REST calling. Read the complete article here.

PaaS Partner Community

For regular information on business process management and integration become a member in the SOA & BPM Partner Community for registration please visit www.oracle.com/goto/emea/soa (OPN account required) If you need support with your account please contact the Oracle Partner Business Center.

Blog Twitter LinkedIn image[7][2][2][2] Facebook clip_image002[8][4][2][2][2] Wiki

Technorati Tags: SOA Community,Oracle SOA,Oracle BPM,OPN,Jürgen Kress

When Screen Scraping became API calling – Gathering Oracle OpenWorld Session Catalog with ...

Oracle Security Team - Sun, 2018-05-20 03:16
image

A dataset with all sessions of the upcoming Oracle OpenWorld 2017 conference is nice to have – for experiments and demonstrations with many technologies. The session catalog is exposed at a website here.

With searching, filtering and scrolling, all available sessions can be inspected. If data is available in a browser, it can be retrieved programmatically and persisted locally in for example a JSON document. A typical approach for this is web scraping: having a server side program act like a browser, retrieve the HTML from the web site and query the data from the response. This process is described for example in this article – https://codeburst.io/an-introduction-to-web-scraping-with-node-js-1045b55c63f7 – for Node and the Cheerio library.

However, server side screen scraping of HTML will only be successful when the HTML is static. Dynamic HTML is constructed in the browser by executing JavaScript code that manipulates the browser DOM. If that is the mechanism behind a web site, server side scraping is at the very least considerably more complex (as it requires the server to emulate a modern web browser to a large degree). Selenium has been used in such cases – to provide a server side, programmatically accessible browser engine. Alternatively, screen scraping can also be performed inside the browser itself – as is supported for example by the Getsy library.

As you will find in this article – when server side scraping fails, client side scraping may be a much to complex solution. It is very well possible that the rich client web application is using a REST API that provides the data as a JSON document. An API that our server side program can also easily leverage. That turned out the case for the OOW 2017 website – so instead of complex HTML parsing and server side or even client side scraping, the challenge at hand resolves to nothing more than a little bit of REST calling. Read the complete article here.

PaaS Partner Community

For regular information on business process management and integration become a member in the SOA & BPM Partner Community for registration please visit www.oracle.com/goto/emea/soa (OPN account required) If you need support with your account please contact the Oracle Partner Business Center.

Blog Twitter LinkedIn image[7][2][2][2] Facebook clip_image002[8][4][2][2][2] Wiki

Technorati Tags: SOA Community,Oracle SOA,Oracle BPM,OPN,Jürgen Kress

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