preview

Personal Narrative Analysis

Good Essays

analytics and it poses the risk of “multiple versions of the truth” which is inconsistent (Davenport 29). Finance is a highly regulated industry, and the legal liability of data getting into the wrong hands is a potential risk that prevents the increased sharing of information required to succeed. Each team is only given access to crucial data, and much of it is hidden to other departments. SEI only collects minimal information on its clients, required by regulators to restrict terrorists and money launderers. Investors are also weary of providing details, afraid of their data being sold to a third party or stolen by hackers. The best approach for SEI to develop an enterprise-wide vision is to outsource the creation of tools to an analytics …show more content…

It is better for a disengaged employee to switch roles within the company, than to let them quit. The emphasis in human capital retention is significant and communication between managers and their subordinates are closely documented and archived. Another step that is taken to minimize loss of knowledge and the impact of attrition are video procedures. Each process that is performed has been recorded using screen capture software, and verbal instructions through a microphone, along with written procedures. In the finance industry, having backups is always necessary. There are copies of databases on multiple servers in different geographical locations, as well as offices around the world and the ability to work remotely. Another internal aspect that SEI excels at is documenting mistakes. A separate memo is written for any error that leads to a financial gain or loss exceeding $25. The source of the mistakes, how it was corrected, and how to prevent it from happening in the future are listed. At the end of each month, the metric is compared against goals set for the month. The total number of errors, as well as the total dollar amount of impact has been decreasing steadily since the initiative began three years

Get Access