Many companies hold a wealth of information in inert formats such as paper files, scanned images and other media. Many strategically important business projects or transactions rely on easy access to your data. Where such data is not readily available, historically the only option was to have people physically searching the documents. This is time consuming, expensive and open to human error. Therefore projects were often not undertaken or the best price was not achieved in a transaction. Lack of ready access to data can act as a blocker to delivering your desired strategic vision or achieve sub-optimal outcomes.
The WTW Data Solutions service has developed a range of services and software solutions that help our clients assess the data they need. By having a clear idea of the areas where missing or unreliable data may act as a barrier to success, our clients can then develop strategies to tackle their highest priority issues and proceed with wider projects in an efficient manner. The Data Solutions team comprises a mixture of backgrounds, from administration to actuarial, software development to project management. This blend of skills provides a truly independent perspective to the analysis of scheme data and gives the flexibility and pragmatism to tailor each project to our clients’ specific goals.
Our Data Digitisation service is a technology-driven managed solution that identifies and extracts valuable data from inert files into optimal formats to unlock the potential in your data. We use our deep understanding of our clients’ business and their strategic direction within a four step process, starting with identifying what data is needed and where it can be found. The second step is to convert files such as paper, microfiche into a readable PDF file using Optical Character Recognition. The third step is to classify the content and group unordered documents into sets of the same type of document based on content. Lastly the fourth step is to extract the data required from PDF images into consistently formatted output. After the classification stage the client receives a digital ordered index of electronic files making it easy to search. The subsequent extraction stage provides a populated database of key information ready to use – this file can be any format.
Data Digitisation can be integrated into projects carried out with WTW to ensure you are able to unlock your valuable data efficiently to meet your specific objectives.
