A case for eXtensible Business Reporting Language (XBRL)
On the 24th March 2021, the International Financial Reporting Standards (IFRS) Foundation published IFRS Taxonomy 2021. The 2021 taxonomy is an upgrade on previous versions of a digital taxonomy developed by the global reporting standard-setter for digital and electronic reporting that is based on a global reporting language known as XBRL.
Artificial Intelligence in Banking- Series 1
Despite the nascent stage of Artificial Intelligence (AI) adoption, its benefits are already being realised at many large banks across the globe. According to Tata Consultancy Services (TCS) research, “banking and FS executive found that investment in AI helped them reduce production costs by 13%. Additionally, executives reported a 17% average revenue increase in the area of their AI initiatives”. At one European bank, a shift from statistical regression to machine learning for credit analysis increased mortgaged collections by over 30%
Vacancies for Entry-Level and Experienced Consulting Professionals
Role: Associate to Mid level Consultants Business Unit/Service lines: Strategy and Operations; Human Capital; Technology and Digital Industries: All industries
Global Powers of Retailing 2017 | The art and science of customers
The 20th annual Global Powers of Retailing identifies the 250 largest retailers around the world based on publicly available data for FY2015 (encompassing companies’ fiscal years ended through June 2016), and analyzes their performance across geographies, sectors, and channels. It also provides a look at the world’s 50 biggest e-retailers and the 50 fastest-growing retailers.
Rewriting the rules for the digital age
The 2017 Deloitte Global Human Capital Trends report reflects seismic changes in the world of business. This new era, often called the Fourth Industrial Revolution—or, as we have earlier labeled it, the Big Shift—has fundamentally transformed business, the broader economy, and society.
Making cities smarter : How citizens’ collective intelligence can guide better decision making
Imagine that you are an urban planner charged with putting walkways in a newly built city park. How would you go about deciding where to put the paths? Several approaches come to mind: You could survey likely park users. You could copy “best practices” from other parks. Or you could build sophisticated computer simulations to project future foot traffic. Or you could take a different approach: What if you just open the park and observe the paths in the dirt naturally created by foot traffic? By using a process of discovery rather than design, you could leverage the built-in knowledge and preferences of real park users to find an optimal walkway solution. Prior to the construction of Freedom Tower in New York City, the great urban theorist Jane Jacobs suggested that the Ground Zero site scrap its existing street grid: “I was at a school in Connecticut where the architects watched…
Unlocking human potential :Proactive practices for individual elasticity
The Center for the Edge has written extensively about how the world is changing, and about the implications and impact of this change on corporations. They have framed the deep structural shifts afoot and practices that institutions can adopt to thrive in the world to come. Now, this report addresses practices that individuals—not just leaders, executives, and top athletes, although many of their practices are relevant, but all of us—may need to adopt to thrive in this world.
2017 Nigeria Cybersecurity Outlook
The year 2016 took cyber-attacks to an unprecedented level; there were reports of it being used to influence and sway votes in democratic elections. In Nigeria, several organisations suffered cyber-attacks, some had to pay ransom for their data to be released.