Most of the businesses are sitting on various types of data, which they are assessing during their business operations. But most of the time, the available data is not effectively organized or consolidated to analyze and interpret.
Data discovery, channeling data, data visualization, and problem-solving; our experts are ready to help any businesses who need assistance on big data.
Data analysts and data scientists are becoming commonplace in most businesses nowadays and employing them on a full-time basis creates a severe financial burden to the management; this is where HLB HAMT and their data analysis professionals step in.
As the world moves closer to an age of automation, data is having a significant influence on our professional lives. Numerous businesses are handling with the data, algorithms and Artificial Intelligence (AI) to boost their operational efficiency.
Data discovery, channeling data, data visualization, and problem-solving; our experts are ready to help any businesses who need assistance on big data.
Data analysts and data scientists are becoming commonplace in most businesses nowadays and employing them on a full-time basis creates a severe financial burden to the management; this is where HLB HAMT and their data analysis professionals step in.
As the world moves closer to an age of automation, data is having a significant influence on our professional lives. Numerous businesses are handling with the data, algorithms and Artificial Intelligence (AI) to boost their operational efficiency.
How Can Business Analytics Dashboard Help Data Analysts.pdfGrow
The Business analytics dashboard provides a centralized platform that empowers data analysts to explore, analyze, and visualize data more efficiently and intuitively, ultimately driving better decision-making. You can discover how these intuitive Business Intelligence dashboard tools enhance every aspect of data analysis and streamline a data analyst's job. Revolutionize how data analysts function and make the data analysis journey successful by visiting Grow.com.
What is Business intelligence
Core Capabilities of Business Intelligence
Elements of Business Intelligence
Why Companies opt for Business Intelligence
Benefits of Business Intelligence
User of Business Intelligence
Reports of Business Intelligence
Business Application in Extended Enterprise
Business Analytics
Golden Rules for Business Intelligence
5 Stages of Business Intelligence
Smart and proactive decision making is not only an advantage but a key to success of any business. This requires quantitative insights into various business operations and influences. The recent advancements in technology and a significant reduction in data storage costs have given rise to vast and versatile sources of data that provide a wealth of such insights. Harnessing them to accelerate and optimize your business is cardinal for keeping up with the emerging trends.
How Data Analytics Help Business LeadersContinuSys
Data analytics help business leaders by providing them with the ability to make better decisions. By understanding the data, leaders can identify trends and make decisions that will improve the bottom line.
Read more: https://continusys.com/how-data-analytics-help-business-leaders/
I have been drinking from a virtual fire hose since joining my most recent technology company, Anametrix, a cloud-based digital analytics innovator. A whole new book opened for me on how digital analytics can both increase top line revenue and reduce spend by shining a very bright flashlight into marketing efforts.
We are all painfully aware of the data explosion problem. In 2011, the Gartner Group stated that information volume collected by businesses today is growing at a minimum 59% annually. The rapid adoption of social media has also caused customer data to explode in the last few years, creating entirely new challenges for marketers. It is now imperative for organizations to think differently to accommodate the variety, volume, and velocity of their growing customer-related data.
This is where my recent experiences come in: I have personally seen how digital analytics can harness the power of massive amounts customer-related data. It can literally simplify the accelerating complexity by providing deep visibility – as well as clarity – into the effectiveness of various marketing efforts, across both online and offline channels.
I will now outline the role of IT and CFO in adopting cloud-based digital analytics solutions, discuss the benefits as well as challenges of moving to this emerging category, and provide some illustrative examples on how digital analytics can transform your marketing organization.
Outsourced Internal Audits in Dubai.pptxRishalHalid1
Internal auditing requires a diverse set of abilities in order to be efficient and thorough. Companies outsource internal audits in Dubai to third-party internal audit service providers in order to meet their specific requirements. HLB HAMT has a multi-skilled team of auditors who provide best internal audit services in UAE, under the direction of the Audit Manager and Director, cover all aspects of the business in accordance with the approved audit plan.
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The market for real estate businesses in the United Arab Emirates is constantly shifting, and the arrival of risks associated with property management, fraud can threaten a company’s financial performance. Disjointed activities, weak internal controls, insufficient process design implementation, reporting mistakes, and uneven financial reporting are among the issues that real estate organizations face.
How Can Business Analytics Dashboard Help Data Analysts.pdfGrow
The Business analytics dashboard provides a centralized platform that empowers data analysts to explore, analyze, and visualize data more efficiently and intuitively, ultimately driving better decision-making. You can discover how these intuitive Business Intelligence dashboard tools enhance every aspect of data analysis and streamline a data analyst's job. Revolutionize how data analysts function and make the data analysis journey successful by visiting Grow.com.
What is Business intelligence
Core Capabilities of Business Intelligence
Elements of Business Intelligence
Why Companies opt for Business Intelligence
Benefits of Business Intelligence
User of Business Intelligence
Reports of Business Intelligence
Business Application in Extended Enterprise
Business Analytics
Golden Rules for Business Intelligence
5 Stages of Business Intelligence
Smart and proactive decision making is not only an advantage but a key to success of any business. This requires quantitative insights into various business operations and influences. The recent advancements in technology and a significant reduction in data storage costs have given rise to vast and versatile sources of data that provide a wealth of such insights. Harnessing them to accelerate and optimize your business is cardinal for keeping up with the emerging trends.
How Data Analytics Help Business LeadersContinuSys
Data analytics help business leaders by providing them with the ability to make better decisions. By understanding the data, leaders can identify trends and make decisions that will improve the bottom line.
Read more: https://continusys.com/how-data-analytics-help-business-leaders/
I have been drinking from a virtual fire hose since joining my most recent technology company, Anametrix, a cloud-based digital analytics innovator. A whole new book opened for me on how digital analytics can both increase top line revenue and reduce spend by shining a very bright flashlight into marketing efforts.
We are all painfully aware of the data explosion problem. In 2011, the Gartner Group stated that information volume collected by businesses today is growing at a minimum 59% annually. The rapid adoption of social media has also caused customer data to explode in the last few years, creating entirely new challenges for marketers. It is now imperative for organizations to think differently to accommodate the variety, volume, and velocity of their growing customer-related data.
This is where my recent experiences come in: I have personally seen how digital analytics can harness the power of massive amounts customer-related data. It can literally simplify the accelerating complexity by providing deep visibility – as well as clarity – into the effectiveness of various marketing efforts, across both online and offline channels.
I will now outline the role of IT and CFO in adopting cloud-based digital analytics solutions, discuss the benefits as well as challenges of moving to this emerging category, and provide some illustrative examples on how digital analytics can transform your marketing organization.
Outsourced Internal Audits in Dubai.pptxRishalHalid1
Internal auditing requires a diverse set of abilities in order to be efficient and thorough. Companies outsource internal audits in Dubai to third-party internal audit service providers in order to meet their specific requirements. HLB HAMT has a multi-skilled team of auditors who provide best internal audit services in UAE, under the direction of the Audit Manager and Director, cover all aspects of the business in accordance with the approved audit plan.
Internal Audit of Real Estate Company in UAE.pptxRishalHalid1
The market for real estate businesses in the United Arab Emirates is constantly shifting, and the arrival of risks associated with property management, fraud can threaten a company’s financial performance. Disjointed activities, weak internal controls, insufficient process design implementation, reporting mistakes, and uneven financial reporting are among the issues that real estate organizations face.
Internal Audit in Hospitality Industry UAE.pptxRishalHalid1
In this difficult business climate, the hospitality industry has evolved as one of the most critical determinants of service sector recovery in the UAE. It is not only an important source of foreign income for the country, but it also generates a lot of jobs. Businesses all over the world have had to take a pause and reconsider their strategy in order to react to the new reality caused due to the emergence of the COVID 19 pandemic. Industries that rely largely on travel and human connection have been struck the hardest, and the hospitality industry has been put under severe strain as a result of the dramatic decline in personal and business travel.
Internal Audit in Retail Industry UAE.pptxRishalHalid1
The retail and distribution sector faces an unexpected and rough landscape, as well as risks related in providing an adequate customer engagement across physical, internet, and social channels. Retailers are still adjusting to these and other variables that have resulted in the creation of new thought processes and strategies. Despite the fact that consumers are investing again after the pandemic, their behaviour has completely altered.
Internal Audit Services in Dubai, UAE.pptxRishalHalid1
Internal auditing gives a complete insight on the functioning of a firm along with an objective evaluation of the company’s monetary condition. HLB HAMT’s internal audit services in Dubai, Abu Dhabi and other parts of UAE are guided by a comprehensive, validated methodology, which is carried out by qualified and experienced professionals. Our auditors will communicate with customers throughout the audit process to apprehend the underlying firm, address significant issues, reduce the risk of fraud, and additionally, make sure submitting time limits are met.
he financial statements are the responsibility of management,” always appear prominently in most of the auditor’s communications, including the audit report and eventually the preparation for the statutory audit will be always challenging for the management.
IFRS standards play a pivotal role in global financial reporting as countries across the globe are embracing them. It provides a global language for business affairs so that company accounts are more understandable.
HLB HAMT is a registered auditor in Abu Dhabi, UAE with the Department of Economic Development and has its office in the emirate. HLB HAMT has been serving clients as a trusted international auditor in Abu Dhabi for over a decade.
Donors and funding agencies require annual audit assurance that their funds given in the form of grants and loans for specific projects in developing countries are being used for the intended purpose and complies with the underlying Grant or Loan agreement and related regulations.
The In-Country-Value Program (ICV) pioneered by ADNOC in 2018 is an initiative designed to achieve the optimum value from our nation’s oil and gas resources to stimulate the UAE’s economic growth and diversification.
The Dubai International Finance Centre (DIFC) formed in 2004 is a sought-after jurisdiction for financial and banking licenses. Since its start, DIFC has been home to many leading banks, financial institutions, and insurance companies, serving a large clientele in the region.
The financial statements are the responsibility of management,” always appear prominently in most of the auditor’s communications, including the audit report and eventually the preparation for the statutory audit will be always challenging for the management.
Donors and funding agencies require annual audit assurance that their funds given in the form of grants and loans for specific projects in developing countries are being used for the intended purpose and complies with the underlying Grant or Loan agreement and related regulations.
Auditor’s risk assessment during covid 19RishalHalid1
COVID-19 has ceased the flow of businesses and has caused a tremendous effect on the economy. The disruption in the business has forced people to adopt new methods and techniques to overcome this crisis. The present-day world has never experienced this kind of situation before, and it has led them to a dilemma on how to cope up with this current scenario.
HLB HAMT is a renowned business setup advisory firm in Dubai, UAE that has been helping enterprises across diverse sectors to form their company, irrespective of the size of the organization. We have expertise and experience to advise our clients on the optimum corporate structure for business setup in Dubai.
Governments across the globe have been taking measures to increase the scrutiny of AML/CFT processes and controls, to fight Financial crimes. Individuals and firms are required to comply with minimum standards; failure to keep up with the changing requirements can lead to penalties and legal consequences.
HLB HAMT has a dedicated desk comprising of experienced tax consultants, for assisting new and existing registrants to fulfil UAE VAT administrative formalities related to VAT Registration, Deregistration and Group Amendments in UAE.
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2. Most of the businesses are sitting on various types of data, which they are assessing during their
business operations. But most of the time, the available data is not effectively organized or
consolidated to analyze and interpret.
The volume, complexity, and unstructured nature of data is always overwhelming the SMEs, who
often miss discovering the means of insight that the data can bring into their business. But if the
management is keen to explore the data with the help of data management professionals; it
yields valuable insights into their business which helps them to plan their business operations and
increase operational efficiency strategically. It can increase business intelligence and maximize
the return of equity.
3. Data analysts and data scientists are becoming commonplace in most businesses nowadays and
employing them on a full-time basis creates a severe financial burden to the management; this is
where HLB HAMT and their data analysis professionals step in.
Understanding the whole world of big data in the business is challenging, but our experts have a
proper experience and understanding of three Vs in the Big Data
1. Volume (How to handle large quantities of data)
2. Velocity (Prompt dealing of data streams, which is at an unprecedented speed)
3. Variety (How to handle the different types of formats)
4. Data analytics is highly relevant, as companies and industries transform to take advantage of
technological innovations. Data analytics is always confused as descriptive analysis. There are
mainly 4 types of analytics;
1. Descriptive analytics– Provides insights based on historical information
2. Diagnostic analytics- Reviews and examines the cause of historical results
3. Predictive analytics- Identifying the patterns of historical data and giving
foresight for future
4. Prescriptive analytics- Identifying the best option to achieve business goals by
using Machine learning and optimization techniques.
5. How the auditors are using the data analysis in their
engagements
The auditors nowadays are focusing on running tests on all the transactions in general ledgers
rather than samples. Now they can concentrate on the outliers or exceptions that are flagged as a
result of data analysis.
6. ● Monitor and improve business performance: Normally, the auditors compare the
ratios and related benchmarks to compare the specific industry performances
with the client’s performance. But now, with the help of the realtime reporting
technology in data analytics, they can aggregate the data across all clients in a
particular industry or geography and derive a meaningful benchmark and advice
the client.
● Risk identification and management: Data analytics can help the auditors to see a
bigger picture on the client data; like change in the customer behavior, red flags
identifications, fraud activities, and predicting the economic trends.
● Improve client experience: as the data will be available realtime for data analytics,
the auditors can analyze the data more often rather than monthly, quarterly or
annual basis. As a result, the client can do regular interaction between the
auditors to get valuable and accurate insights from their data.
7. How HLB HAMT Can help
As a part of HLB Global, HLB HAMT is equipped to offer data analytic services anywhere in the
region. Through the center of excellence in HLB Global, we can bring any level of expertise and
industry knowledgeable team for client servicing.
We mainly offer descriptive, diagnostic, and predictive analytic services to help our clients on
transforming various data stored into meaningful and actional insights.
Data discovery, channeling data, data visualization, and problem-solving; our experts are ready to
help any businesses who need assistance on big data.
8. MANAGING THE DATA
Your entities are creating several data each day; some times, the data sources are scattered in
different systems, and manual intervention is needed to shape the data into a meaningful form.
HLB HAMT can help you in this scenario to work on an effective way to identify the lapses,
establish a flow by integrating systems, process improvements, and manage the data effectively
for further process. We can also help with the process automation to stabilize the process and
minimize manual intervention.
Our procedure to understand the internal control systems and software capability and
redesigning the process allows the business to leverage and transform the complete reporting
systems ( monthly, quarterly and annual ) more insightfully to run the operations.
9. ANALYZE AND DISCOVER THE DATA
We are analyzing the historical information collected from various departments and their systems
( Finance, accounts, IT, operations, HR, etc) and converting into meaningful shape by
corroborating each other. These results are examined with your business strategy and plans.
We perform a descriptive analysis of the various historical data collected and find the outliers and
abnormalities in it. The results may help you to identify or evaluate the chances of fraud risk, KPI’s
in the departments, and inappropriate decisions that were taken. By identifying the root causes,
you can revisit and amend the business strategies in a more effective manner to get the desired
results in the future.
10. VISUALIZE THE DATA
We provide permanent solutions for visualization of data. Data visualization is an art; it uses
various types of infographics, graphs, charts, and mapping to present the complex data for easy
understanding by the stakeholders. The visualization includes the trends, anomalies, and outliers
in various streams of data.
Visualization can be defined and applied to need to know basis by different parties and a
periodical basis (daily, monthly, quarterly, and annual basis). We use different tools and platforms
as per the requirement of the client to visualize the data. We provide customized dashboards (
realtime or periodical) on your data for your monitoring and decision-making purpose.
11. Why HLB
Let’s work as a team to outsource your entire data analytics and reporting function; when you
engage us for data analytics; you are opening the doors to a real-world of business, the technical
knowledge with the right approach, and affordable cost with a minimized risk on data. By
outsourcing the function, you are leveraging from the cost of training, resource management,
technology, and knowledge.
12. Contact Us
HLB HAMT
Level 18, City Tower-2,
Sheikh Zayed Road
PO Box 32665
Dubai – United Arab Emirates.
Tel: +971 4 327 7775
E-mail: dubai@hlbhamt.com
https://hlbhamt.com/