Deloitte Analytics

Hindsight. Insight. Foresight.

Did you know your organisation’s data is full of potential?

Data can be a lazy asset and is often undervalued. If organisations could organise and better understand all of the data they capture, it would help them make better business decisions, reduce risks and improve returns.

There are oceans of data being amassed by organisations but only islands of insights. Data can give clients best practice and benchmarking information, as well as providing predictions for business trends.

Deloitte’s deep industry experience and advanced analytics capability can maximise the value of this data helping our clients identify and harness the opportunities that data provides. We look at an organisation from the inside out – turning everyday information into useful and actionable insights that inform your decision-making.

Business Impact

In the aftermath of the global credit crisis, many organisations highlighted poor decision making as one of the key reasons for the crisis; and specifically the absence of fact based decision making.

As the quantity of data organisations house continues to grow, so will the need to capture and analyse that data efficiently. If leveraged correctly, this data can drive insightful, forward-looking business decisions.

The future presents many challenges for organisations, including addressing issues with fewer resources, therefore, data-driven insights on smarter growth strategies and risk management will prove vital to success and competitor advantage.

Challenges clients face

• Does our business experience pressures on gross profit and margins due to multiple sales channels?
• How compliant are our business functions?
• Are business decisions made on “gut feel” or based on fact?
• Are our business assets effectively deployed in a changing environment?
• Is the business drawing on all available systems and information to ensure that the strategic objectives are met?
• Are the various business stakeholders’ expectations being met?

Benefits of Deloitte Analytics

Our approach can assist in increasing your shareholder value, i.e.: 

• Reducing costs: Identifying opportunities to reduce costs and cash outflows.
• Increasing revenue: Identifying opportunities to sell more, higher value goods and services, and bill the customer correctly.
• Releasing working capital: Identifying opportunities to reduce the balance sheet, improve efficiency and accelerate cash inflows.
• Enhancing compliance: Identifying opportunities to improve the quality and effectiveness of internal controls.

With our Deloitte Analytics tools, we can simplify interpretation of data by: 

• Representing the interrelationships between hundreds of metrics simultaneously and holistically.
• Providing an assumption-free approach to analytics.
• Facilitating interpretation with clients through a visual interface. A picture tells a thousand words.

Ensuring data quality and integrity by: 

• Profiling key data fields to determine the compliance to given business rules.
• Quantifying the quality of existing business data and the impact that poor quality data has had on the particular business process.
• Determining the root cause of data quality issues and implementing remediation procedures accordingly.
• Scrubbing and cleaning existing data to ensure compliance with business rules.
• Developing and implementing data governance and quality monitoring capabilities.

Our approach

A subject matter expert from the relevant service line, together with a Deloitte Analytics team member can provide solutions to address the specific client need.

The Deloitte Edge

• Our ability to offer an integration of services, across the firm’s service offerings.
• Our unique, unbiased approach to predictive analytics – modelling future strategies and outcomes.
• Our “Customer Immersion” approach helps mitigate weaknesses experienced with traditional off-site approach. Our decentralised delivery model promotes an “on-site” approach.
• We have an innovation strength which will help clients very quickly make the most of their data discoveries.
• No sampling or hypothesis - We take existing client data and other data and analyse it in total.
• We can determine the veracity and trustworthiness of data due to our forensic and risk management background.
• We have been consistent in our use of granularity and it is core to our analytics position - we can provide full population multi-dimensional analysis.
• Our Self organising maps make it easier for clients to visualise the solution
• We have developed a integrated ERP Deloitte Analytics approach

Benefits to your organisation

• Reduce risks – compliance, reputation, fraud, legal (penalties and damages).
  
• Demonstrate good governance and exercise Duty of Care (King III).
  
• Uncover “secret/unknown” data stores for better enterprise wide use.
  
• Enable unified know your client initiatives for better business decisions – Strategy and product.
  
• Avoid costly technology acquisition decisions – maximise ROI.

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