Industry-driven Crowdsourcing and Benchmarking; Getting Your Process Started

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This 6 page white paper entitled, "Industry-driven Crowdsourcing and Benchmarking; Getting Your Process Started", describes the general process steps that take an analytical model from concept to crowdsourcing tool to industry benchmarking intellectual property. GRC Sphere's Analytical Model Development and Publishing Process is the backbone of the Governance Execution Framework (GEF) program. It is relevant for members of an Industry Cluster, as well as consultancies, which sponsor comprehensive portfolios of analytical models to drive strategic and tactical value for their members and customers. 

In essence, the process steps will be helpful for any analytical model "authors" who are interested in developing new analytical models and / or sharing existing ones.

The paper defines an important term, "Closed-loop Control Architecture", which is a fundamental aspect of using industry benchmarking data points of "peer average" and "best-in-class" to close the loop for an organization's performance and value measurement infrastructure. The Aberdeen Group defines several exciting and compelling reasons as to why companies are pursuing the development of analytical models and investing in closed-loop performance measurement systems.

The paper also lists the 12 categories of models and defines the steps to follow for bringing them to your industry peers to engage them to help you to refine and validate your model. The bottom line is that analytical models create value and they enhance your firm's and your own professional brands.
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