Is CIO the perfect analytics evangelist for an organization?

A leading elevator manufacturing group helps transit over a billion people on a daily basis. Although it isn’t easy being one of the Big 4 elevator companies in the world by simply relying upon mechanical systems and equipment, but by wielding the power of analytics and digital transformation, it is possible.

Continue reading

Indian ‘captives’: Value creators in the digital era

The Global In-house Centres (GICs) or Captives contributed revenues of $20 billion in FY 2015, accounting for one-fifth of India’s IT-BPM exports. Starting from the phase when moving up the value chain and improving share of wallet were the key priorities for any captive, today these organisations are an inseparable part of the parent company.

Continue reading

Implementing Analytics to deliver Internal Audit

“I do not believe you can do today’s job with yesterday’s methods and be in business tomorrow,” Nelson Jackson, automobile pioneer

The availability of large volumes of data is changing the way organizations look at most of their business processes and functions. In the context of internal audit (IA) also, new ways are coming up to utilize the power of analytics. To stay competent and ahead of the curve, the organizations should ask themselves the following questions — Is their organization still relying on traditional methods for its IA process? Does their IA methodology incorporate analytics? If yes, to what extent?

Continue reading

Can Analytics assess risk better?

This blog post is a follow up to our original blog post on Internal Audit: Harnessing the power of Analytics published on April 24th where we had brought out the need for analytics in IA and provided some use cases for analytics. In this post we would like to talk about some specific examples where analytics has created significant impact for clients.

Continue reading