Data & Analytics2024-05-08T15:38:03-04:00


Benefits of Data Strategy

Organizations that effectively use data and analytics can unlock a wide range of benefits with potential to optimize processes, increase productivity, enhance controls, gain a competitive advantage, ensure customer satisfaction, and empower employees, ultimately being able to increase their profitability. With the maturity of automation and the emergence of GenAI, data strategy, and data transformation are critical to business success and AI Readiness.

An effective data strategy presents a long-term vision for how the organization will manage its information assets, including technology, processes, and people. . This drives improved reporting and data-driven decision-making, minimizing risks, and optimizing opportunities within Finance & Accounting, Operations, Sales, etc.

When to Implement a Data Strategy

  • Improve insights for value-creation opportunities
  • Prepare clean datasets to train Artificial Intelligence (AI) / Machine Learning (ML)
  • Comply with regulatory demands (e.g., ESG, tax reporting, data privacy, etc.)
  • Introduce personalized data architecture frameworks to refine data assets across organizations
  • Support a digital or financial transformation or technology implementation

Core MorganFranklin Data & Analytics Capabilities

  • Data Strategy – Develop an actionable roadmap encompassing data quality improvement, data privacy and security, and data analysis enhancement.
  • Data Governance for Data Quality – Enable data accuracy, reliability, and availability for analysis and insight through a comprehensive process and tool-based data governance.
  • Data Unification & Data Cleansing – Deliver accurate, integrated data in a single database or data lake via cleansing and integration
  • Reporting & Analysis Support – Provide executive-level data that contains meaningful and actionable insights.
  • Intelligent Automation & AI/ML – Determine and implement the optimal level of automation for a department (e.g., finance and accounting) or across the enterprise to enable efficient and effective data access and reporting.

At MorganFranklin, we build a data foundation and develop strengths and competencies while developing data literacy and data culture.

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