The process data under the microscope
As a result of ongoing digitisation, organisations (unintentionally) store more and more data. This data could reveal much about your results and business processes. The beauty of it is that such data are more and more readily available. Data are a reliable source of information for your annual accounts and for evaluating and drawing up policies.
The difficulty with this is that it usually concerns large quantities of data. from which it is quite an art to retrieve the relevant data. Are you aware of how much data your organisation stores and how you can use that data constructively?
BDO can help you with a thorough data analysis. Where we extract figures of your daily business processes from IT systems or public sources. We then analyse the data and present you with the most important trends and conclusions. This information could help your management take carefully considered, informed decisions.
For all the checks our specialists carry out, we use expert data-analysts to establish relevant connections and make prognoses. We can link source data, for example from a membership database, subscription register or lease records, to prices and rates to estimate your total turnover. Data analysis can also be used to detect anomalies and exceptions in processes. We can also use data analysis to help you optimise your IT environment.
If you would like BDO to help you with data analysis? Please contact one of our data analysis specialists to arrange an introductory meeting without any obligation.