In today's fast-paced and complex business environment, using data and risk analytics to your advantage gives you the opportunity to make better, faster and more informed decisions—leading to more effective risk management.
Knowledge is driven by data. Getting a handle on the expansion of data in your organization and collecting it in a way that's most useful and understandable are imperative tasks.
When analyzed and used properly, data can provide the insights you need to drive tremendous business value, solve problems, make intelligent decisions and be a real catalyst to business growth.
Are you comfortable dealing with massive data sets?
By creating a process able to capture and analyze big data sets, you'll achieve a higher level of confidence that your numbers are accurate, thereby reducing risk.
Can your information sources communicate in an integrated manner?
Having the correct enterprise software system for your organization gives you greater understanding of where risks may lie within your business, facilitates tracking of data and improves validation of processes.
Do you have the in-house skills to perform data and risk analytics?
Your risk function should have talent who not only understand your business and your processes, but are able to address the business opportunity or challenge with the right technological tools and data skills.
"Data is the currency of the most successful businesses today. Knowing how to harness the value in your data to drive better risk management and decision-making capability provides companies with a tremendous competitive advantage."
By offering industry- and sector-specific analytical solutions, our data assurance and analytics team can use our end-to-end understanding of your business, processes and systems to help you access the appropriate data—when you need it and in a way that makes most sense to you.
We'll help you determine what internal and external data exists that you can use to get a better grasp on your business and manage your risks more effectively. We'll also help you acquire the data, ensure its quality, understand it and keep it current.
Partner, National Risk Leader and Finance Managed Services Leader, PwC Canada
Tel: +1 416 941 8379
