Data Analysis Unlocks Hidden Risks: Expert Insights
Companies can gain a deeper understanding of the risks they face by analyzing data from various industries, according to recent research.
Identifying Hidden Risks through Data Analysis
A thorough analysis of data such as hotline statistics, transactional records, audit findings, and compliance exception reports can provide valuable insights into potential risks. This is because these types of data often reveal patterns and trends that may not be immediately apparent.
“By examining these types of data, organizations can identify where existing or emerging risks may reside within their businesses,” said Nicole Sandford, Partner and National Practice Leader for Enterprise Compliance Services at Deloitte.
The Importance of Data-Driven Risk Management
Sandford emphasized the importance of using data to inform risk management strategies. “Data analysis is a powerful tool that can help organizations proactively address risks and prevent potential issues from arising.”
Expert Insights from Deloitte’s Team
Deloitte’s experts in enterprise compliance services are available to discuss how data analysis can be used to identify and mitigate risks.
- Contact Nicole Sandford, Partner and National Practice Leader for Enterprise Compliance Services, at nsandford@deloitte.com
- Contact Keith Darcy, Independent Senior Advisor to Deloitte & Touche LLP, at kdarcy@deloitte.com
- Contact Maureen Mohlenkamp, Principal at Deloitte Advisory, at mmohlenkamp@deloitte.com
Additionally, Deloitte’s team of former compliance officers, located across the country and experienced in a wide variety of industries, are also available to provide expert insights.
- Contact Martin Biegelman, Director at Deloitte Advisory, at mbielman@deloitte.com
- Contact Rob Biskup, Director at Deloitte Advisory, at rbiskup@deloitte.com
- Contact Timothy Cercelle, Director at Deloitte Advisory, at tcercelle@deloitte.com
- Contact Michael Fay, Principal at Deloitte Advisory, at mifay@deloitte.com
- Contact Howard Friedman, Director at Deloitte Advisory, at hfriedman@deloitte.com
- Contact George Hanley, Director at Deloitte Advisory, at ghanley@deloitte.com
- Contact Peter Reynolds, Director at Deloitte Advisory, at pereynolds@deloitte.com
- Contact Thomas Rollauer, Director at Deloitte Advisory, at trollauer@deloitte.com
Important Note
This article contains general information only and is not intended to provide specific advice or services. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.