Stay connected:

Get connected

Share your comments

 

More on Deloitte

Learn about our site


Recently blogged

Bookmark Email Print page

Data risk services

Information—in both electronic and paper form—is the lifeblood of every organization. If it is mishandled, the potential for liability is immense. A comprehensive governance strategy will help organizations understand their data’s value and minimize its vulnerabilities.

Deloitte member firms deliver data risk services that offer a proven methodology for identifying, analyzing and quantifying data risks. By enhancing data quality, data accuracy, data governance, and data analytics, an organization can transform its data from a corporate liability to a corporate asset.

 

Common data challenges by industry(For illustrative purposes only)

  Financial Services Technology, Media & Telecommunications Healthcare & Life science
Data quality My organization struggles to get a complete picture of its customers, since our mortgage and savings teams have different customer information. We repeatedly get complaints that customers' bills are going to their old addresses—even though they’ve told us they moved. One of our patients had to have a transplant reversed because the blood type had been recorded incorrectly.
Data migration A number of our trading processes have high latency as we still rely on “legacy” mainframes to extract and process some of the data. Why am I paying to support two billing systems, four years after the old one was supposedly ”replaced”? I often don’t have patients’ medical history on my new system, and have to wait for the paperwork to come in the mail.
Data Governance No single team understands or owns the data. Errors in key reports go unresolved as every team thinks someone else is responsible. Each system tells me a different number for my annual sales volumes. How many new customers have we gained? There’s yet another story in the press about documents on a USB stick left on a train.
Data Analytics We can’t accurately assign credit risk scores to our customers. I have no way of telling who my effective call-center advisors are. We have no idea how to prioritize medical appointments to reduce waiting room congestion and delays.

 

Data risk services

  • Advanced analytics & business performance
    Exploit the competitive insights hidden within your data to drive better decision-making.
  • Compliance & regulatory analytics
    Turn compliance into a competitive differentiator by aligning capital and risk, and enhancing investor and customer confidence.
  • Data quality & governance
    Manage the quality, consistency, usability and security of your data to prevent loss and improve visibility into your data assets.
  • Transaction analytics
    Assess the effectiveness of your products, processes and transactions to improve your marketing programs and make better customer management decisions.

Learn more

  • Cyber security
    Principles and guidelines.
  • Machines and mortals
    When it happens again...Surviving the next banking crisis
  • A cut above – Independent research report

Stay connected

  • Contact us
  • Submit RFP
  • Global blog
  • Global podcasts
  • Social media
  • RSS feed