Let’s face it – all of us are afraid of technology to some degree, from minor hesitation to upgrade an app to major panic when our Teams or Zoom presentation in a live webinar fails. Yes, technology has taken over, but we need to ensure it serves us the way we want.
Choosing data wisely
Resolving fraud is simple when you use the RIGHT data. As of now, it is not possible to physically visit remote locations far away in order to understand indications of fraud. It also means that you have to use data to a much larger extent than we have done in the past, with the intention that resolution will improve your company’s financial performance. With this in mind set-up is also about getting the practicalities of data right, so you can ensure that you have enough data.
We have developed three basic steps to help you choose wisely:
- Undertake some ‘casting’ and only involve people who you really need
- Arrange the data in a manner that ensures you really can gain something from what you uncover
- Prep yourself and open up your mind to interpret, but moreover, believe the results.
You may ask how we deal with the data streams at B4 Investigate. We work with three sets of ‘right’ data:
- Data streams that come out of B4 Aim or B4 Lightning Aim
… to understand the context for the organisation
- Data streams that come out of our Fraud Detective Challenge
… to discover what kind of fraud detective you are.
- Key money flows from B4 PreCrime
… with data streams from ERP and similar systems
The end result is money from wasteful costs is recovered (or better still not spent in the first place), your company culture is improved, and your leadership truly reflects an organisation that leads and stand up to the UN Sustainable Development Goal.
The Fraud Detective School is coming to you!
We are now refining our learning approach with Fraud Detective School Masterclasses, a series of virtual-led online courses to suit all levels with our mission to “Change the world with us TODAY!” In the first wave we will provide two tracks; “Becoming a Fraud Detective” and “Becoming a Fraud Data Scientist”.
More information is published on: https://b4investigate.com/fds/