Data & Analytics.

Analytical insights to boost your

business performance
Data & Analytics.
Analytical insights to boost your
business performance

Table of contents
Analytical insights to boost your business performance . . . . 3
Enabling analytical excellence . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Turn data into value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Following the D & A life cycle . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Accelerating analytics with technology . . . . . . . . . . . . . . . . . . . . 11
Our Data & Analytics portfolio . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Analytical insights to boost your
business performance
Data & Analytics decodes client data to unlock business value and leverage untapped potential.
We derive insights using state-of-the-art analyses and appropriate analytical models.

”
The abundant amount of data available today has the power to fundamentally change companies Gartner’s recent survey of more than 3,000 CIOs shows that CIOs ranked analytics and BI
and their business models. This increasing importance of data poses a great challenge to businesses as the top differentiating technology for their organizations.
regarding the processing, intelligent evaluation and usage of this rising flood of data. They require (Gartner 2018)
new technologies and capabilities to extract valuable business insights and become truly data-driven
organizations.

In order to efficiently handle the exponentially growing volume, variety and velocity of data, storage Data and analytics leaders are fueling
must become lean and agile to facilitate constantly growing and evolving analytics. Systems must
enable business users to easily locate and access relevant information and insights. Equally important is
transformation in the digital age
the capability of developing understandable and interpretable analyses in order to derive action plans
and create tangible business value. Organizations capable of leveraging analytics and governance to manage the overwhelming volume
and complexity of data will dominate the market. Being a data and analytics leader refers to possessing
a competitive advantage in terms of using data and analytics effectively. This no longer only concerns
Gartner predicts through 2028, storage, computing, and advanced AI and analytics IT departments but all business departments within an organization. Thus, bridging the gap between
technologies will expand the capabilities of edge devices business and IT, aligning objectives, and combining industry understanding with technological know-
how is a crucial step in achieving analytical excellence.

Automated, data-driven decision support enables companies to make decisions based on future BearingPoint’s Data & Analytics team combines business understanding with technological expertise, to
trends, risks and opportunities and so stay ahead of competitors. The use of data and analytics to drive help clients make insight-driven decisions at all organizational levels. We enable clients to exploit the full
innovation and mitigate risks has become an important asset. In response to this development, potential of advanced technology, to build flexible and robust Data & Analytics solutions, and generate
IT leaders anticipate the greatest increase in budget allocation for 2019 to be related to analytics. So far, tangible business value.
only 30 percent of companies use analytic applications even though the majority considers predictive
and prescriptive analytics as vital for their company’s future success.

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Business analytics is classified into different types depending on business value
and analysis maturity

Over the last decades, analytics has evolved from mere reporting and descriptive analysis to automated, augmented analytics.

Analytics can be defined as a collection of techniques used to translate complicated problems into
Automation
simpler, less complex ones that are easier to grasp, model, and solve. It originated in the mid-1950s,
with the focus lying on descriptive analytics and standard reporting. Since then, continuous advances in
statistics and mathematics enabled more refined methods for these business applications. Later coined
as “business intelligence” (BI), companies used internal and structured data as a basis for their reporting
BENEFIT

Optimization
and mostly descriptive analyses for several decades.
Augmented Analytics

Prediction & Accelerated by vast computing and storage capabilities, the technical possibilities for deeper analytics
simulation have emerged over the last years. Organizations are now capable of identifying patterns and anomalies
Root cause
Ad Hoc
reporting
analysis in data to predict and simulate future outcomes, thus exceeding functionalities of mere reporting,
Standard Prescriptive Analytics
reports
& OLAP analysis and visualization of data.
Predictive Analytics
Diagnostic Analytics
Today, problem-solving processes start with any type of data to optimize decisions and enhance business
Descriptive Analytics
performance. With the ongoing development of AI technologies, augmented analytics has emerged,
MATURITY paving the way to decision making automation.
Image Source: Delaware in following Gartner 2016)

Traditional BI has become a commodity, therefore today’s key differentiator between leaders and
followers is future-oriented, predictive, prescriptive and augmented analytics, also known as advanced
analytics.

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Enabling analytical excellence
Our Data & Analytics perspectives

Achieving analytical excellence involves changes in every aspect of an organization – from employees’ mindsets to technological capabilities including business and IT strategy, organizational structure, data and
processes. From a strategic, analytical and technological perspective we enable our clients to generate valuable insights and support to make better decisions based on their data.

Our perspectives provide a holistic view on Data & Analytics challenges, particularly focusing on decisions and operations (strategy), information and knowledge (analytics) and IT architecture (technology). We
support our clients in creating the agile IT organization they need to go digital by illuminating data and analytics topics from all perspectives:

Strategy
We help our clients to generate business value by enabling better decision making based on innovative technolo­
.. gies and transforming into data-centric organizations. Together with them we determine strategic business
.
Strategic questions to be solved using data and analytics. In order to facilitate long-term analytic processes we find and
perspective Technological
perspective implement the right organizational model and support our clients in driving this change.

Analytical
Analytics
Focus on decisions Focus on architecture
and operations perspective and infrastructure Our analytical perspective refers to the utilization of advanced analytical methods to extract usable and under­
standable knowledge from data. Machine learning, statistical modelling, pattern recognition and neuro-computing
is used to derive insights and access untapped potential hidden in data.

Focus on information
Technology
In applying our technological perspective, we enable clients to manage structured and unstructured data using
state-of-the-art technology. Cloud computing, serverless IT architectures and lambda functions serve as examples
of new, scalable technologies that we propose to our clients depending on the issue at hand and existing IT
landscape.

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Turn data into value
Our Data & Analytics services

Across all perspectives we offer D&A services along the whole analytics value chain.
Our business value-driven and technology-oriented services cover all aspects of an analytics project.

We serve clients on all matters of the data analytics life cycle – such as
defining the analytical business case, integrating multiple sources into a
single point of truth, using statistical models and visualizing analyses results.
Our services are complementary to one another and can either be performed Strategic Perspective Business Adoption
consecutively within our experienced approach or stand-alone as individual
services.

Additionally, we offer data governance as comprehensive service considering Data Engineering

that processes, meta data management, auditing, data guidelines and
compliance with regulatory requirements (e.g. GDPR) are key success factors Analytical Perspective
for effective data and analytics projects.
Advanced Analytics
The right perspective at analytics initiatives in combination with an
elaborated and comprehensive service offering allows us to achieve optimal
outcome in any analytical projects for our clients.
.
.
. Technological Perspective Business Insight

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 Business Adoption Data Engineering
Incorporating business strategy, values, people and processes Data collection, exploration, preparation are key aspects
into an analytics intiative ensures long-term use of results. of efficient analytics as basis for insights.
We define data-driven business scenarios and align business We enable effective use of data for analytics
processes and organization

Defining business scenarios aligned with the overall strategy is fundamental to achieve Optimal data architecture is a prerequisite for successful data management and ensures
the highest business value from data and the most important step in every data and data velocity necessary for real-time decision making. As accurate forecasts are essential
analytics initiative. BearingPoint supports business case definition and enables the to process high data volumes, data architecture is crucial for comprehensive data models.
alignment of processes and organizational structures for long-term value provision of
insights for decision making and measure definition. Cloud-based architecture permits cost-optimized storage of large data volumes in
accordance with client specifications. Transforming data into useful formats for analysis
This includes appropriate governance, which is considered as a key success factor of facilitates leverage effects of analytical techniques.
data & analytics initiatives and projects, and involves the full integration of processes,
metadata management, auditing, data policies, and compliance with regulatory
requirements (e.g. GDPR).

Business value driven Technology oriented Business value driven Technology oriented

• Data value identification • Data and IT strategy • Data stewardship and • Data architecture
• Business case & value definition • Strategic data management responsibilities • Data lake, data warehouse
• Business process mapping • Data science approach • Data quality management • Data collection strategy
• Data driven process (re-)design • Process automation • Data requirements analysis • Data quality management
• Data governance • Data processing

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 Advanced Analytics Business Insight
Analyses, algorithms and statistical models detect The suitable visualization of information and results makes
valuable findings from structured and polystructured data. data understandable and usable for further decisions.
We use statistical models and machine learning techniques
to derive analytical insights

Advanced analytics is used more widely as enterprises utilize algorithms and statistical Data analyses and results become less relevant if they are not easy to understand
models for future-oriented or explorative analytics to provide new insights. and translated correctly into necessary measures. For data-driven decision-making,
information must be delivered to the right people at the right time in the right form.
BearingPoint uses advanced analytical techniques beyond traditional business
intelligence and performance management, to generate deeper insights and forecasts Clearly structured and efficient communication of information helps users to analyze their
using intelligent machine learning algorithms. To resolve the business question or data and apply the knowledge gained, thus drawing the right data-driven conclusions.
concern presented, a series of analytical processes is designed to dive into data, mine the
necessary business insights, and provide useful answers.

Business value driven Technology oriented Business value driven Technology oriented

• Business complexity reduction • AI, Machine learning • KPI definition and report design • Reports and dashboards
• Automated decision-making • Prediction and prescription • Business interpretation and • Self-Service BI, mobile services
• Business impact assessment • Explorative analysis assessment • Data protection & security
• Action and measures alignment • Forecasting and simulation • Performance measurement • Roles and authorization
• Data mining

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Following the D & A life cycle
Our proven approach is aligned with established processes for data and
analytics projects

Based on our experience we pursue an agile methodology based on predefined activities within our Data & Analytics approach.

Typically, data and analytics projects loop through several steps multiple
times and are therefore agile by nature. This characteristic is owed to the fact Data analytics life cycle
that analytical project results heavily depend on statistical models, variables A. Preparation & data collection B. Data analytics C. Conclusion
and data types used and therefore, steps may have to be repeated until
optimal models, variables and data types are identified. Likewise, lessons
learned during each phase must be taken into account and may trigger Business Root cause Data Data Statistical Modelling &
Evaluation Deployment
value mapping collection preparation analysis prediction
deeper business questions, oftentimes resulting in new or subsequent data
analytics processes. Determine Identify related Describe and Clean data Analyze Implement Evaluate first Deploy data model
business processes select data consolidated selected model results and analytics
objectives Enhance data data technique and model
List causes and Explore data and with additional build predictive Approve
Define data consequences review available variables Perform models model(s) Plan monitoring
analytic goals data statistical and maintenance
Prioritize impact Perform analysis Conclude rule Define
Define processes Verify data univariate mining to (possible) Produce final report
interactions quality analysis Select modelling identify relevant visualization
with the technique rules of results Review results and
existing Format and model(s)
organization integrate data Execute rule Iterate process Determine
generation to refine rules next steps
Produce Perform (rule-mining)
project plan correlation Make joint Discuss
analysis Generate test decisions to operational
design deepen analysis action plans

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Business value Data exploration & Analytics implementation
This initial phase focuses on understanding project objectives and requirements from a business We gain insights from the consolidated data set by performing descriptive and predictive or even
perspective, converting this knowledge to define an analytics problem and a preliminary plan to prescriptive analyses, using state-of-the-art statistical methods and tools. This process includes
achieve client objectives. determining and implementing the right visualization for each step of the analysis. Given the variety of
techniques available to address a specific data mining problem, an iterative approach is used to identify
the best fitting model and enhance the available data to it.

Root cause mapping and data collection

Data exploration, detection of data quality issues, discovery of first insights and identification of Evaluation
subsets to formulate hypotheses regarding hidden information is performed during these stages.
Our team evaluates the analytical model’s results and determines how well the results serve for achieving
business objectives. It may be necessary to adjust the model if certain business issues have not been
sufficiently considered. The results are the basis for the definition of further action plans and measures.
Data preparation
This phase covers all activities required to construct the final dataset. After cleaning initially raw data
Deployment
and structuring it into an adequate data model, it will be fed into the modelling tool(s) used for analysis
or transferred into further data marts.
Depending on project requirements and objectives, the rollout phase can be as simple as generating a
report or as advanced as implementing a repeatable data analytics process within a company.

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Accelerating analytics with technology
Technology BearingPoint’s analytics hub
BearingPoint uses a variety of data and advanced analytics tools in its projects that offer cutting- BearingPoint’s unique Data & Analytics platform is used to perform business analytics projects and
edge machine-learning algorithms, or state-of-the-art visualization possibilities, among them our services for our clients – without the necessity of having to set up hardware or acquire resources
own proprietary algorithm, HyperCube®. We collaborate with a large network of technology partners necessary to implement and maintain such programs.
to deliver the best solutions to our clients for all our services.
The service provides analytics software and operations through web-delivered technologies. Our experts
We provide technology supported data science services along the entire data value chain and deliver offer analytical insights together with precise action plans and measures necessary to utilize these
powerful applications tailored to our clients’ specific business needs. Therefore, we either use tools insights to achieve business objectives. This analytics service can either be provided once or on a regular
which are already in clients’ use or recommend the adequate technology for the business problem. basis as Analytics-as-a-Service (AaaS).

Our AaaS solution considers leading industry-standard analytic and visualization technologies. Data
Gartner predicts that analytic services and software are converging into new solutions may be hosted on-premise or in the cloud, compliant with strict security and regulatory requirements, as
that disrupt vendor practices and create prospects for organizations to differentiate well as data privacy policies.
competitively. Data and analytics leaders should embrace the disruption to leverage
converged solutions across the organization.

Data insight

KPI and report design

Business case
Governance
Security

Statistics and prediction Subgroup analysis Streaming analysis

Advanced analytics

Data engineering

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Our Data & Analytics portfolio
Analytical insights to boost your business performance

Predictive maintenance Operational analytics Marketing analytics



Deploy predictive models to monitor production Improve your business operations and company- Powered by advanced analytics, we support
facility and equipment condition and determine specific processes to increase efficiency, reduce our clients in discovering new opportunities,
when to perform maintenance or service to spending, and enhance business performance. detecting patterns in customer behavior and
ensure a smooth production flow and avoid We solve complex challenges in supply chain and making data-based decisions in marketing. We
productivity losses. logistics, claim processing, customer service, and enable our clients to understand and predict
any other client-specific process. customer behavior and needs, and thereupon
execute customized and efficient marketing
Risk management strategies.

Use advanced algorithms and technologies to Finance analytics
predict risks, gain risk-related insights and develop Perform simulations of financial scenarios and
risk mitigation plans. Building on our strong forecast trends to improve our clients’ financial Quality management
footprint and experience in risk and compliance, performance and profitability. BearingPoint Empower R&D and production to increase
we analyze client data to identify potential risks leverages advanced analytics to support your product quality sustainably and reduce time-
regarding business processes, operations and decision-making and strategy to sharpen to-correction. Using data generated across
regulatory and security issues.

 tomorrow’s business goals. the entire supply chain – from R&D to social
media – our experts support in developing
a quality assurance strategy and creating
Sales performance predictive models to forecast quality issues
Understand client data to unlock commercially and spare parts demand.
relevant insights in order to forecast future sales
performance, improve sales strategies and sales
outcome. Clients benefit from deep market
awareness regarding trends and potential to find
new markets and areas for future development
and bring products and services to market quickly
and efficiently.

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 Contact

Germany France Switzerland

Christoph Nowakowski Jacques Abbatucci Matthias Röser
Partner Partner Partner
[email protected] [email protected] [email protected]

Nordics UK/Ireland
Vegar Paulsen Michael 0’Dwyer
Partner Partner
[email protected] [email protected]

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About BearingPoint
BearingPoint is an independent management and technology consultancy with European
roots and a global reach. The company operates in four units: Consulting, Solutions,
Business Services, and Ventures. Consulting covers the advisory business; Solutions
provides the tools for successful digital transformation, advanced analytics and regulatory
requirements; Business Services provides managed services beyond SaaS; Ventures drives
the financing and development of start-ups. BearingPoint’s clients include many of the
world’s leading companies and organizations. The firm has a global consulting network
with more than 10,000 people and supports clients in over 75 countries, engaging with
them to achieve measurable and sustainable success.

For more information, visit our website www.bearingpoint.com.

www.bearingpoint.com