Enterprise Data Management
Quality Assured, Integrated Data Is Now a Strategic and Regulatory Imperative. Are You Managing Your Data Effectively?
Rapid access to quality assured, integrated data is a strategic, competitive and regulatory imperative. Although organizations are taking steps to improve their data management, few are getting maximum value and insight. Having clean, trustworthy data is foundational to realizing the benefits of automation, advanced analytics, digitization and omnichannel capabilities; thus, allowing companies to be more like InsurTech disrupters and drive higher customer engagement, frictionless experiences and cost saving efficiencies.
Data management is a critical component of any organization’s mandate and includes the people, processes and technology needed to manage data assets, with the goal of creating utilization and trust among business users and regulators with minimal manual intervention.
Meeting The Challenges – The FTI Consulting Difference
FTI Consulting’s Enterprise Data Management team is experienced in the design, implementation and sustainment of data management capabilities. Our experts help clients establish a roadmap and implement optimal data operating models.
We find that many organizations struggle with common problems such as:
- Inability to select and filter external and internal data for relevance
- Disproportionate focus on data manipulation and historic reporting
- Limited analytical skills to leverage value from data
- Deficiency in meeting complex regulatory requirements such as GDPR
- Increasing operating costs to manage data as an asset
- Inability to adequately address increasing data security threats
Our experts in the application of advanced data management technology and analytics can help you design and initiate an aligned data strategy and associated governance protocols so that you can cost effectively support your business data needs.