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OpenPages
OpenPages IBM OpenPages, is an integrated governance, risk, and compliance (GRC) platform that enables companies to manage risk and regulatory challenges across the enterprise. It provides a set of core services and functional components that span risk and compliance domains, which include: * Operational Risk * Policy Management * Financial Controls Management * IT Governance * Internal Audit * Model Risk Governance * Regulatory Compliance Management * Third-party Risk Management * Business Continuity Management * Data Privacy Management History In 1996, Amherst, Massachusetts-based American Computer Innovators (ACI, a company founded May 1990) began developing an electronic publishing system for news publishers and other media companies. The software was eventually marketed as an enterprise content management system under the brand/product name OpenPages Composer. Customers at the time included dozens of news publishers around the U.S. such as The Day Publishing Company, Da ...
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SPSS
SPSS Statistics is a statistical software suite developed by IBM for data management, advanced analytics, multivariate analysis, business intelligence, and criminal investigation. Long produced by SPSS Inc., it was acquired by IBM in 2009. Current versions (post 2015) have the brand name: IBM SPSS Statistics. The software name originally stood for Statistical Package for the Social Sciences (SPSS), reflecting the original market, then later changed to Statistical Product and Service Solutions. Overview SPSS is a widely used program for statistical analysis in social science. It is also used by market researchers, health researchers, survey companies, government, education researchers, marketing organizations, data miners, and others. The original SPSS manual (Nie, Bent & Hull, 1970) has been described as one of "sociology's most influential books" for allowing ordinary researchers to do their own statistical analysis. In addition to statistical analysis, data management (ca ...
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IBM Acquisitions
IBM has undergone a large number of mergers and acquisitions during a corporate history lasting over a century; the company has also produced a number of spinoffs during that time. The acquisition date listed is the date of the agreement between IBM and the subject of the acquisition. The value of each acquisition is listed in USD because IBM is based in the United States. If the value of an acquisition is not listed, then it is undisclosed. Many of the companies listed in this article had subsidiaries of their own who had subsidiaries who ... For examples, see Pugh's book ''Building IBM'', page 26. Precursors 1889–1910 Herman Hollerith initially did business under his own name, as ''The Hollerith Electric Tabulating System'', specialising in punched card data processing equipment. In 1896 he incorporated as the ''Tabulating Machine Company''. *1889 Bundy Manufacturing Company incorporated. *1891 Computing Scale Company incorporated. *1893 Dey Patents Company (soon ren ...
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Governance, Risk Management, And Compliance
Governance, risk management and compliance (GRC) is the term covering an organization's approach across these three practices: governance, risk management, and compliance. The first scholarly research on GRC was published in 2007 by Scott L. Mitchell, Founder and Chair of OCEG where GRC was formally defined as "the integrated collection of capabilities that enable an organization to reliably achieve objectives, address uncertainty and act with integrity." The research referred to common "keep the company on track" activities conducted in departments such as internal audit, compliance, risk, legal, finance, IT, HR as well as the lines of business, executive suite and the board itself. Overview Governance, risk management, and compliance are three related facets that aim to assure an organization reliably achieves objectives, addresses uncertainty and acts with integrity. Governance is the combination of processes established and executed by the directors (or the board of director ...
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Regulatory Compliance
In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Compliance has traditionally been explained by reference to the deterrence theory, according to which punishing a behavior will decrease the violations both by the wrongdoer (specific deterrence) and by others (general deterrence). This view has been supported by economic theory, which has framed punishment in terms of costs and has explained compliance in terms of a cost-benefit equilibrium (Becker 1968). However, psychological research on motivation provides an alternative view: granting rewards (Deci, Koestner and Ryan, 1999) or imposing fines (Gneezy Rustichini 2000) for a certain behavior is a form of extrinsic motivation that weakens intrinsic motivation and ultimately undermines compliance. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and ...
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Corporate Governance Of Information Technology
Information technology (IT) governance is a subset discipline of corporate governance, focused on information technology (IT) and its performance and risk management. The interest in IT governance is due to the ongoing need within organizations to focus value creation efforts on an organization's strategic objectives and to better manage the performance of those responsible for creating this value in the best interest of all stakeholders. It has evolved from The Principles of Scientific Management, Total Quality Management and ISO 9001 Quality management system. Historically, board-level executives deferred key IT decisions to the company's IT management and business leaders. Short-term goals of those responsible for managing IT can be in conflict with the best interests of other stakeholders unless proper oversight is established. IT governance systematically involves everyone: board members, executive management, staff, customers, communities, investors and regulators. An ...
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Internal Audit
Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. Internal auditing might achieve this goal by providing insight and recommendations based on analyses and assessments of data and business processes. With commitment to integrity and accountability, internal auditing provides value to governing bodies and senior management as an objective source of independent advice. Professionals called internal auditors are employed by organizations to perform the internal auditing activity. The scope of internal auditing within an organization may be broad and may involve topics such as an organization's governance, risk management and management controls over: efficiency/effectiveness of operations (includin ...
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Amherst, Massachusetts
Amherst () is a New England town, town in Hampshire County, Massachusetts, United States, in the Connecticut River valley. As of the 2020 census, the population was 39,263, making it the highest populated municipality in Hampshire County (although the county seat is Northampton, Massachusetts, Northampton). The town is home to Amherst College, Hampshire College, and the University of Massachusetts Amherst, three of the Five College Consortium, Five Colleges. The name of the town is pronounced without the ''h'' ("AM-erst") by natives and long-time residents, giving rise to the local saying, "only the 'h' is silent", in reference both to the pronunciation and to the town's politically active populace. Amherst has three census-designated places: Amherst Center, Massachusetts, Amherst Center, North Amherst, Massachusetts, North Amherst, and South Amherst, Massachusetts, South Amherst. Amherst is part of the Springfield, Massachusetts Springfield metropolitan area, Massachusetts, Metr ...
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Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ...
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Cognos
Cognos Incorporated was an Ottawa, Ontario-based company making business intelligence (BI) and performance management (PM) software. Founded in 1969, at its peak Cognos employed almost 3,500 people and served more than 23,000 customers in over 135 countries until being acquired by IBM on January 31, 2008. While no longer an independent company, the Cognos name continues to be applied to IBM's line of business intelligence and performance management products. History Cognos was founded in 1969 by Alan Rushforth and Peter Glenister. Michael U. Potter joined Cognos in 1972, and was its Chief Executive Officer from 1975 until 1995. It began as a consulting company for the Canadian federal government and offered its first software product, QUIZ, in 1979. During the Canadian recession in the 1980s, Cognos shifted its focus from consulting to software sales. Originally Quasar Systems Limited, it adopted the Cognos name in 1982. Cognos is a fragment scissored off the Latin word "cogno ...
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