Opportunities, risks and increasing demands on analysis and management
Companies across all industries are operating in an increasingly competitive business environment. One response to this challenge is the optimized use of the existing data universe. Today, there are more possibilities than ever before, thanks to the exponential growth of information as well as the latest technologies and techniques for generating, managing, and analyzing data.
However, more data not only brings a wealth of useful information but also entails risks. There is a danger that relevant data may be lost in the overall volume or considered irrelevant. To make optimal use of the available information in the flood of data, innovative analysis methods are required. Effective data management, in compliance with data protection regulations, is therefore of crucial importance. The demands on analytical departments in companies are also increasing daily: in addition to traditional tasks such as the development of scorecards, new methods and data sources as well as regulatory adjustments pose major challenges.
