Your organization generates impressive amounts of data every day—and most of it remains hidden. But just because you can’t see it doesn’t mean it’s not there. If handled right, your data can reveal important facts, trends and patterns that can provide invaluable insights into your organization.
While the market is still only exploring the possibilities of big data, BKD Big Data & Analytics professionals have been developing leading-edge data analytics solutions for years. We can use your data to help you enhance marketing strategies, develop competitive advantages, open up new revenue opportunities, reduce risk and improve operational efficiency.
Your data’s trying to tell you something. Let’s find out what.
Wondering how data analytics can benefit your business or organization? There’s a world of possibilities. Click on the questions below to learn more.
Analyzing organizational data can be overwhelming. With multiple systems, varying formats and the sheer volume of data generated daily, deciding where to start can be a challenge. Our team of experienced professionals can help your organization build a successful, sustainable data analytics program. Our approach can help focus your team's efforts, achieve quick results and deliver value.
Data analytics is one of the most effective anti-fraud controls, yet only a third of organizations use it. According to the Association of Certified Fraud Examiners’ Report to the Nations, the average organization loses 5 percent of its annual revenues to fraud. These losses may range from small expense reimbursement fraud to asset misappropriation to multimillion dollar corruption schemes. No matter what fraud scheme you’re facing, we have the solutions to address it.
We don’t offer off-the-shelf solutions—we go for a customized experience. We recognize our clients—whether in health care, banking or higher education—have unique risks, operational challenges and areas of focus. Our team of professionals will work with you to develop solutions specific to your industry and your organization.
Getting up to speed with any software often involves a steep learning curve. We firmly believe that to master new software, you need to understand both your software and your data. In line with this philosophy, we integrate the data your team will be analyzing with on-site instruction and recommendations to help keep your skills sharp going forward. Among other programs, we offer training in ACL and IDEA data analysis software.
Solid decision making requires a foundation of information and business knowledge. Our team of analytics professionals, paired with industry specialists from around the firm, can help you build this foundation. We can use multiple analytics models and techniques to support your decision making.
Email is possibly the most content-rich data source an organization possesses. Email analysis offers invaluable insight into the context, timeline of events and parties involved as well as the underlying emotion and sentiment. Many indicators of fraud and other risks are behavioral. We can use proprietary analytics tools to proactively monitor email and help identify behavioral warning signs before a fraud occurs. To help you keep your finger on the pulse of your organization, we can build network relationship maps and analyze the emotional tone and key topics of your email communications.
One of the hallmarks of successful risk management is planning. Early in the risk management process, we can analyze your transactions for compliance exceptions, outliers and other anomalies to help identify previously unknown risks in your data set. In addition, we can apply trend analysis, dashboarding and continuous monitoring throughout the testing process.
Social media is laden both with data and context. Proactively monitoring your organization’s image in social media can help you mitigate risk, protect your reputation and manage crises. Our data analysts use sophisticated tools and techniques to pull public data from social media channels, online forums, news articles and other online sources. The end product is customizable dashboards that provide insights and help you make informed risk management decisions.
BKD Big Data & Analytics offers a wide range of solutions for clients in multiple industries and business sectors. Click on the category below that applies to your business or organization to see which services might benefit you.
Health care is perhaps the most data-rich industry, and we provide a wide range of solutions for health care organizations. Our proprietary Outcomes Compass helps prepare organizations for Comprehensive Care for Joint Replacement regulations. Other solutions we offer range from care redesign to exclusion list testing to revenue cycle analytics. Our methods incorporate structured data that’s commonly analyzed as well as unstructured data that provides even more context and insight into transactions.
Due to myriad regulations, the banking industry is required to capture a great deal of information about transactions and customers as well as other critical indicators. This data can be leveraged in a number of ways, including fraud risk management, customer retention and engagement and portfolio performance analysis to name a few. Our solutions in banking are designed for easy automation and routine application.
Doing business in a global market is itself a challenge. Add in compliance with anti-bribery and corruption regulations as well as fraud risk management and the challenges are even greater. Our team has experience working with multinational organizations to manage both domestic and international fraud risks. Built on a foundation that incorporates both structured and unstructured data, our solutions are designed to enhance your compliance and risk management efforts.
Internal audit is the department that’s typically most familiar with analytics outside of marketing. Because it’s used throughout the audit process—planning, testing and reporting—internal audit is ripe for analytics. Moving from ad hoc analysis to continuous auditing is the main goal for many internal audit departments, and our team can help internal auditors reach that objective through outsourcing, co-sourcing or designing successful analytics program.
The majority of data maintained by colleges and universities isn’t financial. These institutions deal primarily with attribute-based data, such as academic data, roster information, venue ticketing activity and the like. Our team has the experience to leverage these data sets in ways that can help institutions accomplish their strategic objectives.
The open data movement continues to gain traction in the public sector. With more and more municipalities, counties, states and federal agencies opting for data transparency, it’s more important than ever to analyze and present data in meaningful ways. The amount of available data also is giving agencies new ways to become data-driven. Our team regularly collaborates with BKD’s public sector experts to develop unique solutions focused on building transparency and trust.
As a longtime leader in the big data and analytics arena, we have the technical expertise—and sophisticated technological resources—to meet your needs. Click on the services below to learn more about the many ways we can leverage your data—and check back regularly, as we’re constantly developing new and unique ways to apply analytics.
Don’t miss a chance to learn more about BKD Big Data & Analytics and our team’s capabilities. Register for upcoming webinars, events and more.
If you’re ready to dive deeper into what data analytics has to offer, we’re ready to share our insights. Start the conversation today with a simple email or phone call to any of the team members below.
Bryan is the BKD Big Data & Analytics practice leader. Bryan has experience with data analysis software for forensic data mining and continuous auditing. He works with counsel on eDiscovery and computer forensic engagements using a wide array of forensic imaging and analysis tools. He’s a frequent speaker on data analytics, fraud investigations and forensic accounting.
Presentations & Publications
Bryan has contributed to global, national, regional and local conferences and webinars, including:
Lanny has 20 years of experience and is the team’s senior data scientist and technical lead in advanced data mining and digital forensics. He uses data mining, machine learning and proprietary artificial intelligence tools to identify concealed patterns in financial, nonfinancial and textual data otherwise undetectable due to the data’s size and complexity.
Presentations & Publications
Lanny is a frequent speaker on data mining and digital forensics and has contributed to:
Litigation & Investigation Support
Tom has more than six years of experience providing fraud investigation, litigation support, profitability analysis, data mining, continuous auditing, complex financial modeling and business valuation services. He is well versed in computer-assisted audit tools and has trained clients how to implement dashboards and continuous auditing procedures.
Presentations & Publications
Tom is a frequent presenter on fraud prevention, risk management and technology tools and contributes to the BKDForensics.com blog.
Litigation & Investigation Support