UK: Your Data. Your Opportunity? - Helping CIOs get the Most from their Data

As the head of your IT department, you are the custodian of what is arguably the most important company asset, its data. We understand that you do not own the data but you do have a variety of responsibilities around the data. For example, you might be required to:

• minimise or resolve data quality issues;

• ensure accurate data processing;

• understand where and how all of your data is stored to support and demonstrate compliance with legislation such as data privacy; and

• perform adequately controlled data migration. Are you in a position to achieve these things? Can you be confident that you can deliver these to the business if asked?

The range of data services we can offer are as diverse as the organisations we work with. Here are just a few examples:

We can perform an assessment of the general quality of data stored in your databases, highlighting areas where data is bad or missing and providing a comprehensive summary of where you stand.

By looking at the processes and controls relevant to the movement of data around your various systems, we can perform specific empirical testing to identify where data is being lost, where inconsistencies or imbalances are being generated, as well as suggest improvements to the IT controls already in place.

Many organisations have lost control of where their data is stored due to the many repositories in existence around the organisation. We have an established methodology to identify, capture and understand the data stored around your business which can be presented back to you in an understandable, searchable format.

We can contribute to any systems changeover project by strengthening the data migration work stream. We can perform pre and post go live checks as well as strengthening controls in place during the project.

We can help you provide the services your business demands.

We will help you quantify and identify your current problems, helping you to manage your data more effectively and enabling you to provide a better service to the business. We are experts at extracting, handling and processing large amounts of data in our purpose built, dedicated, data rooms. This ensures both the efficient turnaround of your data with secure processing and storage. Finally, we will provide articulate, concise answers which will add real value to your decision making and your business.

Deloitte is a name known and trusted by key stakeholders, including Boards, Audit Committees and, ultimately the markets. Our Technology Assurance and Advisory practice has over 400 practitioners, many of them qualified accountants with deep technical expertise who understand finance and the systems that support business and financial operations.

Our dedicated Data Management team works with numerous pretigious organisations, with a wealth of experience across all industries. Collectively, we have many decades of dedicated data management experience. 

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.