2 in every 5 companies do not have existing data analytics teams.
Many businesses buy into the value of data and analytics, but struggle with how to build in-house sustained capability. Others build technical data and analytics capability then struggle to get the wider organisation to adopt and achieve long term value from analytics. Even though they are accumulating data at an exponential rate, they’re not fully harnessing the value in this new rich asset.
PwC has seen companies launch their analytics efforts without a clear strategy. As a result, they come up with solutions which do not address specific business problems and therefore, fail to have significant impact in the organization.
We help organizations in designing and building a data analytics practice using the available tools that is most appropriate for them, taking the organization's maturity and needs into consideration. This is to ensure that it brings the impact it intends to bring to the organization.
In PwC, we tie analytics to organizational problems and decision-making, providing you with valuable and actionable insights for improved business performance.
The finance department and risk management department of a pharmaceuticals company sought the assistance of PwC in upskilling their people through a 3-day workshop focusing on embedding data & analytics in the conduct of their work, particularly in internal controls and in business project management. The workshop culminated with participants defending their chosen case study as they showcase their application of data & analytics.
The finance department of a retail company in Visayas invited PwC to talk about data analytics and the future of finance during their annual financial summit. Participants were introduced to the challenges that CFO’s face in relation to utilizing their data assets; they were also given ideas on where and how to incorporate analytics into their processes to reap its benefits. PwC also presented analytics on purchases, employee expenses, and working capital.
PwC provided a seminar to manufacturing companies in Southern Luzon can use data & analytics to improve the ways and means they manage their inventory. The team provided use cases in the manufacturing industry and taught participants basic tips and techniques in applying data & analytics.