Remove Examples Remove Information Technology Remove Operations
article thumbnail

Bank Profitability: Decoding the Income Statement

Tom Spencer

For the sake of simplicity, we will present the information in a consolidated manner. Image 2: Illustrative example of a bank’s non-interest income 3. Operating expenses Operating or non-interest expenses will be affected by many moving parts such as wages, benefits, infrastructure, and information technology.

Banking 88
article thumbnail

Business Ecosystems: Building Stronger Connections

Tom Spencer

Apple’s and Amazon’s product lines are showcase examples of how to build a business ecosystem. If you are an iPhone user, can you imagine moving to a mobile phone than runs on an Android operating system? Getting used to the new operating system would take weeks. Do you frequently order from Amazon? Not likely.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Big Data: An Opportunity for Data Scientists & Data Analysts

Tom Spencer

Many of the world’s thought leaders believe that data will unlock a huge transformation in the way that businesses operate and thrive in the 21st Century. Data is information organized in a form that can be efficiently used by people or computers to make decisions. Data Proliferation. Required Skills. The bottom line.

Data 88
article thumbnail

What is consulting?

Tom Spencer

In the methodology upheld by Kennedy as well as Consultancy.org, Management Consulting is a collective term used for all services that fall under Strategy Consulting, Operations Consulting and HR Consulting. Operations Consultants: Operations consultants are consultants who help clients improve the performance of their operations.

article thumbnail

Management Consulting

CaseInterview.com

Rather than addressing the operational angle of how to do it, we address the bigger question of what to do. As a client explains the challenges they’re facing, they may present mixed information or a biased perception. Let’s use the example of a business that’s seeking to relocate.

article thumbnail

Impact of Data Analytics in Consulting

Tom Spencer

Creating transparency: Value is created when data is made accessible to relevant stakeholders in a timely manner, for example, in manufacturing if data from research and development, engineering and manufacturing is integrated to enable concurrent engineering. This can significantly cut time in the market and improve quality. Image: Pexels.

Data 106
article thumbnail

The Consulting Value Proposition

Tom Spencer

For example, a company that needs to update its computer systems might seek advice from IT consultants. An example from 2014 occurred when McKinsey poached two partners from AlixPartners, one of the world’s best-known restructuring firms. Below we outline five (5) reasons why organisations engage consulting firms. Turnarounds.