NC State Graduate Students Learn
About Vanguard's Enterprise Simulation Software
Class Lecture Highlights Enterprise Simulation and
its Role in Enterprise Risk Management
Cary, NC January 28, 2008 Graduate
students in a course entitled Risk Analytics, at North
Carolina State Universitys (NC State) College of
Management Institute for Advanced Analytics, learned
about emerging software technology that is specifically
designed for Enterprise Simulation. Brian Lewis, VP of
Professional Services for Vanguard Software, delivered a
lecture which focused on the Vanguard System™, a
collaborative planning and analysis application that
supports sophisticated risk analysis techniques such as
Monte Carlo Simulation and Grid Computing. Dr.
Lewis' discussion highlighted the unique features of the
Vanguard System that truly make it the next generation of
decision support tools, said Al Chen, Associate
Professor of Accounting at NC State.
Vanguards flexible, quantitative modeling
approach promotes enterprise-wide risk management through
analytic capabilities."
The Risk Analytics course applies a combination of
qualitative and quantitative approaches to enterprise
risk management in measuring and managing organizational
risk. Students gain practical exposure to software tools
that use statistical methods and contemporary data
structures to support managerial decision-making and risk
mitigation.
Lewis explains that, "Enterprise simulation is
the next logical evolution of decision support software
following the explosion of the business intelligence and
predictive analytics market over the last several years.
Companies are quickly realizing that backward-looking
analysis of historical data is simply insufficient, on
its own, to drive company strategy. As a result, we are
seeing a jump in demand for Enterprise Simulation
software like the Vanguard System and the forward-looking
planning and analysis capabilities that it
provides."
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About Vanguard Software
Vanguard Software is a privately held corporation founded in
1995 to develop business Decision Support software. Customers in
over 60 countries and in every major industry use Vanguards
software for forecasting, resource optimization, Web-based expert
systems, and financial modeling. For more information about
Vanguard, visit http://www.vanguardsw.com/.
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