Data & Financial Inclusion | |
Data & Financial Inclusion | |
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Friday, September 13, 2019
/ 07:17AM / By KPMG / Header
Image Credit: kpmg
This KPMG
Report addresses the absence or little presence of Data and Analytics
(D&A) in Nigeria. The report also profiles Data Science Nigeria's effort so
far.
This is the
first research in the country that shines the light on this problem. It takes
information from over 100+ organizations across various areas of the business
environment including financial services, consumer markets, energy and natural
resources and even the public sector.
This survey is specifically focused on the following objectives:
This Report
also articulates the KPMG point of view on the maturity of the D&A
landscape in Nigeria and its key applications across various parts of business
enterprise.
It also share KPMG's position on some stay-awake issues of organizations as it relates to data and analytics. Areas covered include:
We believe the
outcome of this research is a big step towards illumination on the state of
data and analytics capabilities in Nigeria.
It also has
useful guidance for organizations who are interested in building data and
analytics capabilities.
Takeaway:
You can learn about
use cases, skills gap & challenges.
Highlights of Data and Analytics Use
Cases
Fraud Analytics and the Four Anchors
of Trust
Analytics can be an indispensable tool
in the highly complex world of fraud detection. This is especially important
considering the huge cost of fraud. Companies that seek to detect fraud can
deploy data and analytics to search for anomalous or suspicious transactions.
However, successful analytics requires high-quality trusted components. These
components include quality of the data components, effective use of the analytics
process, established operational controls and ethical integrity of the process
HR in the Analytics Age
Applied properly, HR analytics can
show connections, correlations and even causality between HR metrics and other
business measures - all of which can be used to inform HR strategy and actions.
The HR function can use analytics to transform itself into a strategic partner
capable of showing company leadership how well the organization's people
programs are aligned with the business strategy and how much value they are
adding to the company's results
Artificial Intelligence and the
Finance Function
Artificial intelligence has the power
to transform the entire finance function as highskilled analytical jobs are
replaced by smart algorithms, learning machines and artificial intelligence. It
will be the CFOs who act now and embrace this change - even before seeing its
full potential - who are likely to gain most. Those who wait may face mounting
costs in upskilling their workforce as they try to close the talent gap.
Fraud Analytics and the Four Anchors
of Trust
Analytics have inherent potential to
create value and help build trust. Analytics can help create tailored services
to customers, detect fraud, assess risk exposure, ensure consistency of service
and predict market risks. Analytics have inherent potential to create value and
help build trust. Analytics can help create tailored services to customers,
detect fraud, assess risk exposure, ensure consistency of service and predict
market risks.
Download the PDF Report by KPMG
The KPMG
Report
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