HLB HAMT is equipped to offer data analytic services anywhere in UAE with any level of expertise and industry knowledgeable team for client servicing.

1. DATA ANALYSIS
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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.
 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.

6.  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