Smart Decision-Making in the New Era of Financial Challenges

Oracle discusses how organisations can apply the principles of Monte Carlo modeling to Enterprise Performance Management and Business Intelligence applications.

Key points include:

• The Road Ahead: Decision-Making in Times of Turmoil and Opportunity
• The Perils of The Past: Basing Financial Decisions on “Best Story Wins”
• How the Monte Carlo Method Drives Productive Risk-taking
• “People Are Systematically Overconfident in Almost Everything They Do.”
• The Value of Simulations: Predicting Worst-case Scenarios and Mitigating Outcomes