Based on findings from PwC's Global Data & Analytics Survey 2014: Big Decisions™, Dan DiFilippo, Global and US Data and Analytics Leader, shares insights on how executives can cultivate and hone the role that instinct plays in our increasingly data-driven world (or, conversely, hone the role that data plays in our intuition-prone decision-making process).
Business development during recent decades has involved extensive use of technology designed to drive business competitiveness and expand new business horizons. Integrating data analytics into your Internal Audit approach can help you achieve your audit objectives in a more reliable and cost-effective way. This white paper highlights what Internal Audit can be doing to help utilize analytics across their audit plan.
While information has always been an important ingredient to driving business models, now it’s frequently the most important ingredient that talent and algorithms transform into the company’s primary product or service output. As “Big Data” and more sophisticated analytics become a critical business differentiator, three lenses help explain how companies can reframe their strategies to maximise market impact – and the capabilities they need to do it effectively.
It’s an opportunity hidden in plain sight. In 10Minutes on transforming the tax function, we discuss how the tax function is often overlooked as an area for improvement, unlike more obvious choices such as supply chain or business services. However, shining a light on the tax group can reveal untapped opportunities where changes in technology, process, people, and data can lead to benefits for the broader business.
The challenge for finance has not fundamentally changed over the years. Providing more for less, streamlining and reducing transactional costs, providing an effective control framework, and helping the business make the right decisions to improve business performance—we know all this. The challenge is in execution. The PwC benchmark data confirm that the leading finance teams are achieving results that are very different from the norm. In this report, we focus on organizations that are achieving significant change and improvement.
The current regulatory environment around Bank Secrecy Act / Anti–Money Laundering (BSA/AML) compliance and the evolving nature of money laundering risks mean financial institutions cannot simply rely on traditional compliance testing. It is imperative for today’s organizations to adopt a more analytical approach to BSA/AML compliance testing that demonstrates independent verification and adequate assessment of compliance-related risks.
Maximize finance operations, and do more with less
In PwC’s most recent Productivity Stars survey, we asked 300 US company executives for their thoughts on the opportunities and challenges presented by new trends on productivity. Executives are paying attention to how new drivers such as knowledge intensity, complexity, relationship networks, globalization, digitization of products and services, and moving operations to the cloud are impacting productivity, but say they struggle with what to do about them. What can you as a c-suite executive do to improve your business’s productivity growth? We’ve defined five concrete steps you can take to create policies that will drive your productivity growth.
What’s the critical link between investment and shareholder return for any business? Productivity. As the key to growth, it should be top of mind for the C-Suite at all times, and that means facing some tough, interrelated short and long term challenges: converting innovation investments into better products and services; building operating models to improve top and bottom line performance and reinvesting to create the right conditions for the next wave of growth. Getting a positive feedback loop working across these areas to drive productivity growth is a management triathlon, but one worth winning.
In this paper, we discuss how financial institutions can use call recording and speech analytics to deliver long-term value in the following three key areas: Strengthening regulatory compliance; Improving the customer experience across all channels; and Enhancing fraud detection and prevention.
A large software company needed to become more agile, better understand its customers, improve its products, and lower costs—all at the same time.
Transform customer data into customer insight
In our increasingly complex business environment, the best companies are looking to diversity and inclusion as sources of competitive advantage. PwC helps organizations across sectors to achieve that competitive advantage.
Leverage workforce data to provide needed clarity on operational/HR cost drivers and more effectively manage the organization’s assets to improve your company’s return on investment in human resources and human capital.
Capitalizing on the promise of Big Data
How a buzzword morphed into a lasting trend that will transform the way you do business
A large life insurance company needed to predict the future in order to position itself optimally in the rapidly evolving online insurance sales market.
You want to differentiate your insurance business from that of your competitors; the key is the way you gather, manage, and use data.
This global survey, in conjunction with MIT Forum for Supply Chain Innovation, assesses the supply chain operations and risk management practices of global companies, and looks at the effects on resiliency and performance. It proposes a framework and a set of principles to help companies manage today’s risk challenges, prepare for future opportunities, and to gain awareness of where a company – and its competitors – stand.
Power and utility company internal audit departments can leverage data analytics to help identify risk and give a view into company operations.
Analytics are used increasingly throughout the Entertainment and Media (E&M) industry. This paper presents a proposed structure for a successful analytics project and focuses on simulation modeling.
Today's companies have vast amounts of data on hand and continue adding to the pile by collecting extraordinary amounts of new data. Designing an effective predictive analytics initiative - one that stems from a careful review of the business, the problem to be resolved and, and the desired outcome -- is a complex undertaking that requires a significant investment of time and effort up front.