Trusted data and information management
Data is the basis of the digital economy and society in which we work and live. As organisations access and hold ever increasing volumes of data, having effective data strategy, governance and risk management practices has become a business imperative.
High quality, trusted data enables business strategy, effective decision making and supports the delivery of compliant business outcomes.
Fuel innovation with Trusted Data
KPMG has a range of digital solutions that can be deployed across multifaceted data landscapes to realise data value, reduce risk, build stakeholder trust, improve data integrity, develop governance frameworks and preserve privacy.
KPMG Trusted Data Services
Integration of new technologies
Catalogue, govern, move, manage, and integrate data within an enterprise
As AI solutions pave the way for an enhanced generation of data management opportunities, KPMG can guide organisations through the process of implementing its technology for data governance and data quality.
By improving data quality with AI, organisations can be equipped to make more informed decisions and reduce the risk of errors or biases in their analyses.
The KPMG digital solution portfolio encompasses:
- machine learning to detect and correct errors in datasets and algorithms by identifying patterns and anomalies and flagging potential errors for human review
- natural language processing to analyse unstructured data, such as text, and identify inaccuracies or inconsistencies
- AI to monitor data sources for changes or updates, helping ensure the most current and accurate information is used.
Data governance and structure
A holistic approach towards management, maintenance and monitoring of data and the underlying processes and data architecture
Data governance has been on the agenda for many years. Yet design and implementation of effective data governance structures and meaningful measurement of data quality can be a challenge. KPMG has developed a leading data governance framework, including a data quality approach to managing high-quality data across divisions and the broader data aggregation process.
We tailor this framework to each organisation and implement data governance and data quality standards via an agile rollout, including change management to help enable effective implementation and to embed data culture within an organisation.
Integration of ESG in the data universe
Charting the course to net zero – let data be your guide
ESG ranks first on the agenda of decision-makers across the world. Yet the integration of ESG data into data models and data aggregation processes is a major challenge for many organisations.
We can support organisations by:
- identifying relevant ESG data inside and outside the organisation
- integrating ESG data in data aggregation processes to produce meaningful ESG-related KPIs
- applying ESG data to sound data management standards
- applying data management practices to ESG data to support high quality ESG reporting and business decision-making.
Regulatory (data) compliance
Ensure data integrity to support Regulatory reporting
Compliance with regulatory data management requirements is a significant focus for regulators. Data management capabilities are subject to onsite inspections, fire drills and supervisory review and evaluation processes.
Organisations need to demonstrate they have interpreted regulatory requirements within the realms of their business and risk profile, and that data management capability is well established and embedded throughout an organisation.
We help guide organisations through through implementation of new regulatory requirements, data remediation programs and in managing supervisory audits and reviews. Our multidisciplinary teams bring together deep regulatory expertise with data governance, controls and quality skills and solutions to support our clients to uplift their capabilities and meet their regulatory obligations.
Data migration
With over a decade of experience, KPMG’s Powered Data Migration Service has successfully delivered migrations across various sectors including Finance, Education, and Manufacturing
With a global team of trusted specialists and over a decade of experience, our market-leading and proven KPMG Powered Data Migration Service has successfully delivered migrations across the Finance, Wealth Management, Higher Education, Government, HR, Supply & Logistics, Manufacturing, Sales & Distribution and Asset Management sectors.
Whilst multiple ETL tools exist in the market, it is our combination of People, Method and Platform that deliver business centric migrations in a transparent and trusted manner. We take a holistic approach to migration from a business and cutover lens, rather than a pure technical ETL perspective – combining strategy, risk, privacy and governance, with comprehensive technical delivery.
Our tools and methods are proven, thus negating the need to ‘develop’ new method or technology. We make data migration repeatable and scalable across multiple phases / tranches of migration / testing / rehearsals; ensuring complete transparency and re-use to ensure trust and confidence are established quickly.
Our service is source and target agnostic so configurable to any bespoke client system, and has a wealth of ready-to-go IP encompassing preconfigured Data Quality Rules, Mappings, Migration and Reconciliation a for many known systems and data types.
Data quality and readiness
We assess data quality, compliance, and readiness, building trust through fixing and maintaining data for AI, migration, and regulatory needs.
We assess the quality, sensitivity, compliance and readiness of your data then build measurable trust into it through fixing and maintaining data quality, so it’s ready for AI, migration, integration, analysis and regulators.
KPMG's Trusted Data service is a critical first step in digital transformation, Artificial Intelligence delivery and regulatory compliance. This service empowers clients and stakeholders facts around the state and completeness of their data so they can plan and budget for what needs to get done for strategic decision-making, compliance and risk management. It supports data migration journeys, identifying and quantifying challenges early on for upfront planning.
The service uses a suite of ready to deploy and customisable analyses to assess data quality, providing transparency around the state of an organisation's data (both point in time and through continuous monitoring) and therefore avoiding the financial, reputational and time consequences associated with migrating and using poor quality data.
How KPMG’s Data advisory specialists can help
We can partner with you through your data transformation journey, bringing our global insights, local specialists and innovative solutions to help you to build and embed trusted data capability within your organisation. Our unwavering commitment to enabling strong data management practices, paves the way for a digital transformation that is not only successful but also poised for sustained excellence.
KPMG’s Trusted Data approach instils confidence in data used for critical business processes including strategic planning, customer insights and compliance with laws, regulations and reporting obligations. The aim is to help minimise risks associated with erroneous or outdated information, safeguarding businesses against costly errors and regulatory violations. This approach helps promote collaboration and fosters a culture of data-driven decision-making.
Our approach is centred on delivering risk-based business outcomes leveraging innovative solutions that supports our clients build trust in their data.
This approach will allow your organisation to:
- strategically channel resources to focus on what truly drives business value
- identify and govern data in an efficient manner
- implement controls that support high quality data for the critical business usages.
More data integrity at KPMG
Related insights
Meet KPMG’s Data advisory specialists
FAQs
-
What is Trusted data? Trusted data is credible and reliable data which people can feel confident in relying on its information to make key decisions. In a time where data is constantly generated, the process of ensuring data quality and trustworthiness has become even more crucial, either through sophisticated algorithms, manual verification processes or adherence to strict data governance standards.
Trusted data must be:
- accurate
- complete
- reliable
- timely
- relevant
- transparent
- unaltered.
-
How do I make my data trustworthy? To ensure your data is trustworthy, accurate, compliant and useful, you will need to adopt the following strategies:
- Data governance: implement a comprehensive governance framework.
- Quality management: maintain high quality data with regular checks and validation.
- Security: secure data with access controls and encryption.
- Analytics: integrate analytics deeply into corporate processes.
- Expertise: use professional services for system design and management.
- Compliance: adhere to relevant regulations and laws.
- Collaboration: promote inter-departmental sharing and use of data.
- Continuous improvement: regularly evaluate and update data strategies.
Adopting these strategies ensures your data is accurate, compliant and leveraged effectively across your organisation. We can help you make sense of your data, so it becomes a valuable asset that offers your leaders deeper insights into your business and customers.
-
Does KPMG have any AI based trusted data solutions? Through our digital services and AI solutions, we can help organisations harness their data resources for better business outcomes.
Some of our AI solutions include:
-
How do I preserve privacy in my data? With Australia’s evolving privacy regulations and the fast-paced digital connected economy, organisations must place greater emphasis on data protection and privacy.
As digital engagement grows, so does public concern for personal information security. By incorporating robust data privacy measures into their operations, organisations not only build customer trust but also protect against the potential reputational and financial repercussions of data breaches.
Learn more: Privacy & Data Protection Advisory Services
KPMG’s solutions for business transformation
KPMG’s business transformation solutions can help you engineer a future of new opportunities designed to create and protect value.
KPMG Connected Enterprise
An industry specific, customer-centric approach to digital transformation.
KPMG Trusted Enterprise
A dynamic, modern approach to risk and regulation to foster and enhance trust.