The need for business transformation may be caused by external changes in the market such as an organisation's products or services being out of date, funding or income streams being changed, new regulations coming into force or market competition becoming more intense. This management approach also incorporates Business Process Reengineering and is widely used to increase revenue or market share, to improve customer satisfaction, and to cut costs.
The next-generation enterprises, are the ones that are constantly evolving, and with world-class services that are truly customer-oriented, and experience-centric. Traditional business models severely restrict an enterprise’s ability to adapt quickly and to better manage uncertainties, and deliver sustainable performance to succeed and remain profitable.
We, at Nubicus understand these business priorities and is helping organizations transition from operational excellence and Service Level Agreements to real-time decision making solutions. We not only assist in managing risks and business outcomes effectively, but also help to deliver a consistent and best-in-class end customer experience. Nubicus brings vast experience in process design, simplification, digitisation and automation. All of these are deployed through highly industrialized operating models, enabling clients to truly become next-generation enterprises.
Our capabilities encompasses branding and brand identity solutions, smart process design, intelligent operations framework, focus on compliance, required visibility & controls and embedded analytics through the use of state-of-the-art technologies and solutions to achieve the vision of modern day CFOs. We also facilitate smart decision making to help you in optimizing and streamlining supply chain functions, and in building an agile ecosystem through process automation.
We also help you with digital marketing and content solutions across marketing channels, markets, languages and content type (owned, paid and outsourced). Our proven capabilities in technology, business transformation and managed services, coupled with unique partnerships, deliver personalised experiences in the constantly evolving physical and online environment.
Risk Management, in business, is the forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.
Risk managementis the identification, evaluation, and prioritization of risks (defined as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.
In the financial world, risk management is the process of identification, analysis and acceptance or mitigation of uncertainty in investment decisions. Essentially, risk management occurs when an investor or fund manager analyzes and attempts to quantify the potential for losses in an investment and then takes the appropriate action (or inaction) given his investment objectives and risk tolerance.
Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards.
Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety. Strategies to manage threats (uncertainties with negative consequences) typically include avoiding the threat, reducing the negative effect or probability of the threat, transferring all or part of the threat to another party, and even retaining some or all of the potential or actual consequences of a particular threat, and the opposites for opportunities (uncertain future states with benefits).
Methods consist of the following elements, performed, more or less, in the following order.
identify, characterize threats.
assess the vulnerability of critical assets to specific threats.
determine the risk (i.e. the expected likelihood and consequences of specific types of attacks on specific assets)
identify ways to reduce those risks
prioritize risk reduction measures
Business analytics (BA) refers to the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and to drive business planning. Business analytics focuses on developing new insights and understanding of business performance based on data and statistical methods. In contrast, business intelligence traditionally focuses on using a consistent set of metrics to both measure past performance and guide business planning, which is also based on data and statistical methods.
At Nubicus, we make extensive use of statistical analysis, including explanatory and predictive modelling, and fact-based management to drive decision making. Analytics may be used as input for human decisions or may drive fully automated decisions.
At Nubicus, we believe that mentorship is a relationship rather than a seat on the Board of Directors. We partner with experienced experts or more knowledgeable people from specific industries, to help guide less-experienced entrepreneurs to ease through various stages of the business.
Interaction with an expert may also be necessary to gain proficiency with/in cultural tools. Mentorship experience and relationship structure affect the "amount of psychosocial support, career guidance, role modeling, and communication. It is a learning and development partnership between someone with vast experience and someone who wants to learn.