Data Risk Services
Data analytics is considered by today’s leading organisations as the ‘last frontier’ in managing information overload and achieving strategic growth. The use of data analytics or predictive analytics allows organisations to efficiently extract, clean and standardise data from multiple operational and legacy systems, as well as data in the public domain, to deliver real insights to business stakeholders.
Deloitte has combined a range of competencies and technological capabilities across its business to develop a set of innovative data analytics solutions. These solutions are concerned with either assisting you to improve the quality of critical information in your business or helping you to leverage such information.
Improving the Quality of Data
Data Quality improvement is more then just cleaning data, it is about generating true benefit to an organisation through process, data and reporting quality improvements.
Most organisations recognise the strategic importance of their information, but few understand how to assess, improve and sustain the quality thereof. Deloitte has the people, tools and processes to assist your organisation:
- Identify and assess the quality of important business information;
- Design and implement information quality improvements;
- Monitor and improve the quality of this important information.
The information quality and integrity projects that our clients typically engage us in can be classified into one of two offerings.
The first offering consists of short-term projects in which we only assess the quality of important information, while the second offering consists of longer-term projects in which we assist our clients to assess, improve and sustain the quality of important information.
Data quality should be viewed as an ongoing process, as opposed to a point in time solution. From the moment it is collected, data is potentially out-of-date. High quality data comes from continually
measuring, assessing and refining the data quality process.
Leveraging Data
We utilise our deep knowledge and experience in the areas of data, processes and systems to develop innovative methods to assist your organisation leverage its information.
We are able to use your organisation’s information to:
- Identify and quantify process and system weaknesses (design and operation)
- Detect, isolate and quantify fraud
- Test for regulatory compliance and quantify the extent of non-compliance
- Enable continuous monitoring
- Generate important management information
- Identify and quantify tax savings
- Improve the effectiveness and efficiency of external and internal audits and generate significant value-add (not obtainable through traditional auditing techniques)
- Assist in the investigation of any disputes in which the analysis of an organisation’s information has the potential to provide clarity on the matter
- Identification of business process inefficiencies and enterprise cost reduction opportunities.
Our solutions are either of a “packaged” or “customised” nature, depending on the nature of your requirements. The packaged solutions are used to deliver standard, routine assignments, while the customised solutions are used to deliver complex, specialised assignments.
Key Contacts
Craig Turnbull
Director
Tel: +27118065415
Email:cturnbull@deloitte.co.za
Derek Schraader
Director
Mobile: 079 499 9046
Email: dschraader@deloitte.co.za