When it comes to making your most important business decisions, there are a plethora of factors to consider. Many company leaders probably rely on gut instinct to guide them—what we think of as the ‘art’ of strategic decision making. But what about the ‘science’ side of the equation, data and analytics? We believe superior decision making—done with confidence, clarity, and agility—is only possible through a new combination of art and science.
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).
A new approach can help CPG companies introduce products with the right features, price, and packaging.
PwC's Technology Forecast recently addressed the topic of data lakes. The coverage included research and interviews on data lakes and how they can help enterprises remove integration barriers and clear a path for more timely and informed business decisions.
Big data has the potential to reveal a rich world of information that can change a company’s trajectory. If you’re a healthcare executive, begin your big data quest by identifying areas where big data could potentially help to solve a business problem or seize an opportunity.
At the heart of this piece is a big data maturity framework, which seeks to help companies formulate high-value propositions in order to take full advantage of the promise big data brings.
Businesses make thousands of routine decisions a day. But what happens when the time comes for a business to shift course? These are the 'big decisions' that executives know will impact their organization in big ways
Today’s dynamic predictive models combine sophisticated modeling techniques with breakthroughs in computing power to unveil actionable insights from the digital breadcrumbs across your customer base.
Companies have always been interested in learning more about their customers. In today’s digital age, they have a plethora of tools available to learn what conversations their customers are having (and where) about their company, their brand, and their competitors.
Search all Advisory case studies by business topic, industry or company function to find recent examples of how we work with our clients to help them navigate complex business issues and achieve high performance.
What is the future of big data? Data lakes. The data lake concept is a fundamentally different kind of data management that is showing promise.
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.
Companies are increasingly mining data sources to understand more about their customers’ behavior and preferences, and even to anticipate stock market movements. Early successes by a few companies have caused others to start investing in the infrastructure, software, and talent required to mine big data.
Companies are just starting to take steps to gain a data-driven view of their current position and opportunities. First movers will have an advantage as they use the insights and simulations to drive more value for consumers and retailers, and therefore for themselves.
PwC’s Health Industries practice brought together a panel of three specialists from the clinical, technical and operational side of healthcare during the Healthcare Information and Management Systems Society (HIMSS) annual conference to discuss and share best practices in medical informatics. While the participants varied in their pace and depth of commitment to informatics, all agreed that the potential of technology to positively impact patient care and coordination is profound.
Today, we need to rethink the technology standardization approach in information management. New technologies for information management and analytics open up a world of possibilities to push the boundaries of innovation at a breakneck pace.
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.
How a major US domestic airline was able to significantly improve its profitability by radically redesigning its entire network optimization strategy.
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.
A large life insurance company needed to predict the future in order to position itself optimally in the rapidly evolving online insurance sales market.
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.