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ES-DATAEnvironmental, health, safety (EHS) and Sustainability – Data Analytics and Technology Advisory Services
How data and analytics are transforming EHS and sustainability
Rapid advances in data management and analytical capabilities are transforming the way companies conduct business. For EHS and sustainability, data analytics and solutions increasingly are being used to improve operational efficiency, manage risk, reduce costs and drive innovation.
Business benefitsEfficient data management, insightful analytics and ongoing effectiveness assessments drive robust EHS and sustainability data and business benefits.
Examples of leading data practices for EHS and sustainability
Data collection and analysis facilitate predictive modeling for enhanced operations and cost savings.
The use of predictive analytics helps forecast regulatory non-compliance or safety risks, helping management take pre-emptive action.
Streamline product stewardship and value chain management through data management and analytics.
Manage riskOngoing effectiveness assessments address areas of systemic risk and identify potential opportunities for improved efficiency.
Save money Data management can streamline processes and reduce operational costs.
Make money Applied analytics can identify revenue-generating opportunities and operating efficiencies.
Res
ults
Three areas to build robust EHS and sustainability data and analytics
Improve data management
Apply analytics
Assess effectiveness
Standardize and streamline data collection processes
Implement data quality controls
Automate data collection, calculation and reporting
Establish clear roles and responsibilities
Aggregate data across systems
Identify, refine or develop metrics using existing data
Develop dashboards and reports using relevant data
Apply analytical methods to drive business decisions
Develop criteria, predictive methods or statistical approaches for advanced analysis
Assess and, where necessary, identify corrective actions for:
Data collection
System configuration and controls
Information technology (IT) solution connectivity and interaction
Analytical precision and business impact
Data protection and integrity
By focusing on three interdependent areas, organizations can build effective management and analytics systems. Controlled and efficient data management leads to the strong data needed for insightful analytics that inform process and data effectiveness assessments and accelerate business innovation.
IT transformation process
1. Select• Document
requirements and facilitate selection of a software vendor
• Develop business case for IT transformation
2. Design• Align business
processes with IT solutions
• Identify efficiencies and cost savings to expand and refine business case
3. Implement• Configure IT
solution and test environment
• Integrate external systems and complete system testing
4. Deploy• Launch IT system in
production and implement change management
• Retire legacy systems, conduct user training and finalize system documentation
EY knowledge
EY | Assurance | Tax | Transactions | Advisory
About EYEY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
SCORE no. FQ00841603-1854500ED None
© 2016 EYGM Limited. All Rights Reserved.
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
Technology and the digitization of everything is one global megatrend driving future business.1 It is also a great opportunity strategically to drive your EHS and sustainability programs and enhance sustainable value creation.
EY can help you develop metrics and perform data analysis to enhance the value of the data being collected across your organization — increasing the potential for better, real-time decision-making.
1 EY. Megatrends 2015: making sense of a world in motion, ey.com/Publication/vwLUAssets/ey-megatrends-report-2015/$FILE/ey-megatrends-report-2015.pdf, 2016
The marketplace offers a number of EHS and sustainability management software solutions, each with different focuses and strengths. Depending on your need, they may be implemented with minimal configuration off the shelf, or they may require significant customization.
Effective implementation of these solutions requires organizations to consider:
The components that must be customized to fit business needs
The data analytics, metrics and reports that are required
Their EHS and IT sustainability needs
The solution that best complies with those needs
The alignment of business processes and practices
IT market solutions
Colleen WebsterSenior Manager Chicago
+1 312 879 [email protected]
Ernst & Young LLP contacts
Ryan BognerManager Chicago
+1 312 879 [email protected]
Derek PrzybyloManager Chicago
+1 312 879 [email protected]
Brian Gilbert Executive Director Chicago
+1 312 879 [email protected]
Source: "The Digital Enterprise: A Framework for Transformation,” TCS Consulting Journal, Vol. 05, Tata Consultancy Services, 2013
