How can analytics help?
Ongoing management of
third-party vendors and
partners
Insights on behavior
patterns of employees
(to address potential
wrongdoing)
Oversight of the sales
contract life cycle
Identification of odd
transaction patterns our
unusual sales activity
Highlighting anomalies
in manufacturing or the
supply chain
Risk management for
drug testing, drug trials,
and advertising
PwC states that machine learning can dramatically impact several areas across the
enterprise, from sales and marketing to finance. "It can lead to higher-quality deals for the
sales force with fewer discounts. It can lead to higher levels of service and better partner
satisfaction. It can build trust through the whole value chain. The new importance that
prosecuting authorities are giving to robust compliance data analytics will likely spur
investment in these technologies, but the message is that they are not simply a defense. They
can be an integral part of strategic decision-making."
What Does The Future Hold?
Both risk management -- and the technology that supports it -- are constantly evolving.
Autonomic computing (combining automation and cognitive technologies) is helping
companies move beyond traditional risk management models.
LEVERAGING DATA | 11
