Perspectives

Short Takes...on Analytics

Take a quick break and enjoy our latest reflections on analytics

Our Deloitte Analytics leaders help some of the world's biggest companies better understand how to leverage analytics insights to improve operations and drive smarter decisions every day. In this blog, they share their reflections and insights.

Think Differently with Tax Analytics

A blog by Beth Mueller, partner, Deloitte Tax LLP

Sometimes the gap between the status quo and breakthrough innovation is a matter of changing how we think. Tax analytics helps organizations think differently about tax issues, and in doing so, facilitates new approaches to improve business outcomes...Continue reading

Cognitive technology - The rise of “bionic brains”

A blog by Tom Davenport, independent senior advisor to Deloitte Analytics

One of the most significant developments in technology—and society in general—over the next several years will likely be the use of smart machines to replace human labor. This is one of Deloitte’s analytics trends of 2015, and I have no doubt that it’s coming...Continue reading

Quadruple down on data security

A blog by Prakash Santhana, director, Deloitte Transactions and Business Analytics LLP

You won’t be surprised by this sobering fact… As the sheer volume of business data continues to rise, so too have data security breaches. According to the Identity Theft Resource Center (ITRC), a total of 696 data breaches involving more than 81 million records had been recorded in 2014...Continue reading

Universities push to deliver well-rounded analytics talent

A blog by James Guszcza, US chief data scientist for Deloitte Consulting LLP

Is there a data scientist in your life? If so, you know how talented these individuals can be. Even those who went to school before analytics was “a thing” have managed to help companies in a range of industries use technology and data to improve their decision making and business processes...Continue reading

The quest for (more) accurate data in 2015

​A blog by John Lucker, principal, Deloitte Consulting LLP and global advanced analytics & modeling market leader for Deloitte Analytics

Nobody’s perfect. But shouldn’t your data be? Especially consumer data that companies purchase from third-party data brokers? In case you were wondering … it isn’t perfect. In a recent article and survey of 80+ Deloitte employees asked to attain and review data on themselves from a data broker...Continue reading

The Analytics of Things

​A blog by Tom Davenport, independent senior advisor to Deloitte Analytics

The phrase “Internet of Things” (IoT) suggests that the most important attribute of distributed sensors is connectedness. While it’s undeniably useful to connect inanimate objects and sensors to the Internet, that’s only a first step in terms of doing something useful with all those connected devices...Continue reading

Dive into analytics

A blog by Forrest Danson, principal, Deloitte Consulting LLP

The choppy waters of data management’s past have given way to measured waves of analytics innovation. In 2014, a growing number of businesses accrued tangible results from their analytics initiatives: Incremental revenue gains through proactive pricing...Continue reading

Analytics Answers

A blog by Casey Graves, principal, Deloitte Consulting LLP

The more questions analytics answers, the more questions it raises. It’s really that simple. In other words, when we apply analytics to a challenge, the answers that arise can often bring with them new discoveries and new sets of questions...Continue reading

Four steps to a data business

A blog by Tom Davenport, independent senior advisor, Deloitte Analytics

Whatever business or industry you think you are in, you are increasingly in the data business. We’re entering the data economy, where firms make money from offering data- and analytics-based products and services to their customers...Continue reading

How can I complete bank stress tests faster?

Video with Dilip Krishna, director, Deloitte & Touche LLP

Stress tests can provide critical information that’s valuable to regulators and bank leaders alike. But for many banks, it can be a time-consuming manual process. By the time the testing is complete, there’s often little time left for analysis. How can this process be reduced from days to hours – plus provide leaders clear insight into how to make their institution stronger?...Here’s our take

Tackle analytics now or later?

Video with Forrest Danson, principal, Deloitte Consulting LLP

It’s a question that’s on the minds of many business leaders who are sitting on the analytics sidelines. Their educated guesses—based on years of experience—often match the answers others find through analytics. So why jump in now when analytics technologies are still maturing? Is there a downside of waiting?...Here’s our take

Banking fraud

Video with Greg Swinehart, partner, and Samir Hans, principal, Deloitte Financial Advisory Services LLP

What if you could head off fraud before it even happens? Advanced analytics helps bankers detect, in real time, transactions that may maybe suspicious – with more accuracy than ever before. And it doesn’t take a huge investment to get started...Here’s our take

Emerging practices in health care

Video with Casey Graves, principal, Deloitte Consulting LLP

Providers leading the way in healthcare delivery understand that analytics is much more than a software package or a technology project. It’s a commitment to changing the way they do business, using data to help enhance quality of care while increasing efficiency...Here’s our take

Finding data scientists?

Video with David Rudini, principal, Deloitte Consulting LLP and John Houston, principal, Deloitte Consulting LLP

Data scientists need a deep mathematical and statistical background, but they also need the business smarts to turn data into practical insights. It’s a difficult combination to find in one individual. So what should you do?...Here’s our take

Improving retail sales effectiveness

Video with Jeff Simpson, director, Deloitte Consulting LLP

Some retailers act as if their e-commerce business and in-store business are entirely separate. But in reality, it’s the same customer who’s buying online and in stores. One of the most powerful things a retailer can do is to bring their siloed data sets together to better understand their customers and persuade them to buy...Here’s our take

Questions on the minds of bankers

Video with Bob Contri, principal, Deloitte Consulting LLP

There’s so much pressure in banking today to deploy capital efficiently, manage risk effectively, and engage clients. Could analytics help provide the answers?...Here’s our take

Driving innovation in the insurance industry

Video with Neal Baumann, principal, Deloitte Consulting LLP

Some leaders in the insurance industry are using analytics to drive innovative changes in their business processes—and often the result is more satisfied consumers, increased profitability, and lower risk...Here’s our take

Tax analytics

Video with Mark Lazzaro, senior partner, Deloitte Tax LLP

When analytics is used to bolster a company’s tax compliance efforts, some companies learn that they’ve been overpaying taxes – in some cases by significant amounts of dollars. This alone can justify investing in tax analytics capabilities...Here’s our take

Supply chain complexity

Video with Jerry O’Dwyer, principal, Deloitte Consulting LLP

How do you proactively manage a supply chain with operations on six continents? And what if the data is coming from 17 different systems around the globe? Where do you start?...Here’s our take

Regulatory risk in banking

Video with Vivek Katyal, principal, Deloitte & Touche LLP

Developing analytic capabilities is smart business – and for many banks, it’s increasingly required to address regulatory issues. A basic analytic foundation can help position bank leaders to make better business decisions that may increase profitability and reduce risk...Here’s our take

Adopting analytics in HR

Video with John Fiore, principal, Deloitte Consulting LLP

Leaders need more than basic employee reports and peer benchmark data to align the enterprise’s human capital with the business strategy. Workforce analytics can help bridge the gap, providing the practical insight—and foresight—the HR function needs to address corporate objectives...Here’s our take.

Which banks could fail?

Video with Brad Eskind, principal, Deloitte Consulting LLP

Financial reform has made bank examiners’ jobs even more complicated. They need fact-based data to evaluate each bank’s risk profile, but instead, many rely on sample loan data, which could disguise problems. How can examiners get a clear, more accurate view of an institution’s risk profile?...Here's our take

How can I manage my business travelers

Video with Lorraine Cohen, partner, Deloitte Tax LLP

Over the past few years, tax authorities have been aggressively pursuing new tax revenues that can be incurred from employees who work around the globe. In some cases, the penalties can add up to millions. Is there an efficient way to estimate taxes related to business travel?...Here’s our take

How can my oil and gas company optimize taxes?

Video with Scott Alexander, senior manager, Deloitte Tax LLP

As oil and gas companies drill more and more wells, the spreadsheets typically used to estimate depletion rates for tax purposes become unmanageable. Can this process be automated - plus provide clear insights into how they optimize their taxes?...Here’s our take

Corner office analytics – Amping up the C-Suite

Posted by John Lucker, principal, Deloitte Consulting LLP

Not so long ago, analytics was the domain of data scientists and statisticians who guarded the enterprise from the complexities of all things data. Today, analytics touches every corner of the business, and all the business of the corner office. C-suite executives may not be conducting deep-dive statistical analyses–nor do they have to. Innovations in...Continue reading

 

 

Toward analytics-driven, adaptive supply chains

A blog by Sam Pearson, principal, Deloitte Consulting LLP

The supply chain represents one of the best opportunities for putting analytics to work for your organization.
That’s because advanced analytics can take past enterprise data to feed predictive models for more informed business decisions...Continue reading

Meeting the complex analytics needs of financial analysts

Posted by Sean Bradley, senior consultant, Deloitte Consulting LLP

Three years ago, Clear Channel’s Finance function was struggling. Its reporting and financial systems were so out of date that vendors had stopped supporting the software. IT was doing its best to keep things patched together, and the Finance staff often resorted to manual workarounds...Continue reading

​Forging new domains – Analytics in entertainment

Posted by Jeffrey Mischka, principal, Deloitte Consulting LLP, and Jordan Wiggins, senior manager, Deloitte Consulting LLP

Analytics is firmly entrenched in well-structured business domains, like supply chain, pricing, and risk. Business functions across a variety of industries are realizing the value of insight-driven decision making and are achieving better business outcomes with analytics. It sometimes seems that analytics has made its way into every nook and cranny of the global marketplace...Continue reading

The smart grid conundrum

Posted by Dave Steiger, senior manager, Deloitte Consulting LLP

Smart grid analytics is getting a lot of attention these days and it’s easy to understand why. With all the data streaming in from smart meters and other intelligent devices, utility companies are eager to put this information to work...Continue reading

 

​“Old school” meets “new school” analytics

Posted by John Lucker, principal, Deloitte Consulting LLP  and David Steier, director, Deloitte Consulting LLP

New technologies and processes are emerging to augment or replace what was cutting edge just a few years ago. Machine learning and the enterprise data warehouse (EDW) are two areas where questions of “how much” new-school analytics is necessary to replace old-school data management and business intelligence approaches...Continue reading

Tuning your insight engine

A blog by Doug Palmer, principal, Deloitte Consulting LLP

When members of the CMO Club were interviewed recently about social data and their businesses the results revealed some interesting trends among marketing executives1. While the vast majority of CMOs (89 percent) say social data has influenced their decisions, more than half2 still don’t know or don’t see ROI across many social media tools...Continue reading

Retail customer engagement

Posted by Jeff Simpson, director, Deloitte Consulting LLP

In theory, it’s easier to keep a customer than to attract a new one. But if you’re like many retailers, you’re probably scratching your head, trying to figure out how to satisfy increasingly demanding customers who are shopping multiple channels -- online, in-store, and mobile...Continue reading

 

Drilling down on data in 2014

Posted by Forrest Danson, principal, Deloitte Consulting LLP

It’s almost unimaginable that 90 percent of the world’s data was generated in the last two years – and the data explosion has just begun. As the volume, velocity, and variety of data continue to grow, so too will data-related challenges and opportunities for organizations seeking to manipulate, interpret, and extend data for greater value...Continue reading

 

Talent on the (analytics) job

Posted by John Lucker, principal, Deloitte Consulting LL

Amid estimates of a 190,000-worker shortfall for deep-tech analytics skills over the next four years, and a 1.5 million resource gap for data scientists and management-level analysts, it seems that an analytics talent crisis may be looming. Companies are faced with a growing number of analytics initiatives, many times without the right talent to oversee and execute on those them...Continue reading

 

Our analytics predictions for 2014

Posted by John Lucker, principal, Deloitte Consulting LLP

Few areas of business are changing faster than where and how analytics are being used. Turn your head for a second and—boom—you're falling to the back of the pack. From big data and visualization to predictive modeling and more, analytics is an evolving world of technologies and tools that few have time to keep up with...Continue reading

 

Data analytics... banking on it

A blog by Donald Monson, Senior Manager, Deloitte Financial Advisory Services LLP and Sara Vandermark, Senior Manager, Deloitte Financial Advisory Services LLP

With increased scrutiny by various Federal groups, remaining in compliance is becoming increasingly difficult and at the same time, ever more important.  Billions of dollars in fines related to anti-money laundering (AML), fraud, and LIBOR manipulation are sending a message that banks face stiff penalties and incalculable damage to their reputations as a result of non-compliance...Continue reading

Big data meets small data

A blog by Michael Raynor, Director, Deloitte Services LP​

Enabled by the constant march of technological progress, we are now able to collect and analyze once overwhelming quantities of data and so discern melodies of meaning amid cacophonous noise...Continue reading

A map always helps

A blog by Forrest Danson, Principal, Deloitte Consulting LLP

Mention big data, and it’s easy to feel overwhelmed. It’s not just the volume of data that can be daunting. There are a host of peripheral issues that can get in the way of a big data strategy, from talent to executive buy-in, technological boundaries, and beyond...Continue reading

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John Lucker

Principal | Human Capital

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Forrest Danson

Principal | Deloitte Consulting LLP