Data analytics

Companies own huge amounts of data, a gold mine for business insights. We will find the best gems and alert your management for better business decisions. Our team integrates knowledge of statistics, machine learning and business planning combined with experience in handling big data.

The opportunity

Because of the ever-increasing influx of data, executives can have access to radically more information about their businesses, customers, employees, markets and even complex economic dynamics. But most business leaders only tap into a fraction of the data available to them to gain new insights and inform strategic decision-making.

Source: PwC's Baltic CEO survey 2016

Source: PwC's Baltic CEO survey 2016

Source: PwC's Baltic CEO survey 2016

Source: PwC's Baltic CEO survey 2016

Using data and data analytics, you can:

  • identify growth opportunities from existing capabilities and through expansion
  • stimulate innovation to develop new products and services and rapidly bring them to market
  • anticipate customer behaviours and make the most of customer lifetime value and profitability
  • enhance buyer-facing interactions by analyzing behaviours from digital sources to customize products and content for customers
  • identify and make the most of deals by making better decisions around suitable markets, anticipating risks and meeting strategic objectives
Data-driven organizations are three times more likely to report significant improvements in their decisions around innovation, growth and competitive advantage.

Data and data analytics can help you:

  • predict and anticipate the impact of economic, market and regulatory forces on your business strategy and results
  • improve your day-to-day decision making process
  • gain operational efficiency by using emerging technologies and operational and financial data analytics to make data-driven decisions across the organization
  • transform human capital by building a workforce data analytics capability including strategic workforce planning, predictive human capital data analytics, reward modelling and mobility data analytics
  • create a more efficient tax function and use tax reporting data to drive better business decisions
Making your tax function more effective
Redesign, redefine, and redeploy tax to be a strategic business asset

A data-led approach can help you:

  • improve the integrity of your business information sources and outputs
  • reduce compliance risks
  • transform your response to regulatory requirements so that compliance becomes a competitive advantage
  • continuously monitor your systems and provide real-time reporting
  • identify unusual or high-risk activity
  • protect against cyber breaches, fraud and theft
  • quickly respond to breaches and threats
Reduce risks and convert data into actionable, enterprise-wide intelligence
Prevent, investigate and remediate issues arising from regulatory, legal and commercial minefields
Managing market credit and insurance risk.

Use data-led analysis to:

  • inform strategic decisions and increase decision-making speed and sophistication
  • map decisions to shareholder value
  • simulate how trends and strategic alternatives affect the business and operating model
  • quantify the improvements from more robust decision-making, and adopt a "pilot first" mentality to learn quickly from those and then scale
Mastering the art of decision making, powered by science
Enable better decision making with the right information and tools: business modeling and valuations.

How data and data analytics can add more value to your business

Overview

Overview

Discover

What value exists in your data?

We can help you set your data and data analytics priorities by:

  • evaluating the quality and potential business value of the data you current use
  • supporting you with data collection, preparation and cleansing
  • assessing the potential of your data for example around profiling, segmentation and benchmarking


The result

1. Closing the gap between ideas and results

Solving complex, ambiguous, non-linear problems with data and data analytics, from strategy through execution.

2. Faster to market

Using data and data analytics for speedier insights and using those data-driven insights to take first mover advantage and disrupt your industry.

3. Practical, executable recommendations

Alignment between business objectives and analytical findings leads to practical recommendations, and increases the likelihood that the organization will embrace the recommendations and take action.


4. Greater resilience

Gaining agility in the face of dynamic market forces as a result of using data and data analytics intelligently and efficiently.

5. Improved performance

Upgrading essential capabilities by building the systems and tools needed to support data analytics and integrate with existing technologies throughout the organization.

6. Intelligence in the moment and a stronger capability for predicting the future

A data and data analytics strategy at the core of your operations generating both immediate results for the issue at hand and insights to build on to anticipate future challenges and opportunities

Our IT services

Reliability of technology and resilience against cyber threats is vital for your competitive edge. We will protect your data and technologies so you can focus on business growth. Our team of experts has advanced technical skills and experience plus a thorough understanding of business risks.

Read more

Reliability of technology and resilience against cyber threats is vital for your competitive edge. We will protect your data and technologies so you can focus on business growth. Our team of experts has advanced technical skills and experience plus a thorough understanding of business risks.

Read more

Reliability of technology and resilience against cyber threats is vital for your competitive edge. We will protect your data and technologies so you can focus on business growth. Our team of experts has advanced technical skills and experience plus a thorough understanding of business risks.

Read more

Reliability of technology and resilience against cyber threats is vital for your competitive edge. We will protect your data and technologies so you can focus on business growth. Our team of experts has advanced technical skills and experience plus a thorough understanding of business risks.

Read more

Contact us

Baiba Apine

Baiba Apine

Director, Head of IT Consulting, PwC Latvia

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