Data Analytics
Overview
Edgeworth Economics applies our deep experience and outstanding capabilities in data extraction, cleaning, validation, and construction on a variety of systems to translate the data complexities our clients face into simplified, actionable solutions.
We provide economic and statistical data consulting to Fortune 500 companies across the globe, both through direct business consulting and in the context of litigation. Our professionals work with corporate leaders and outside counsel to identify fundamental questions that can be answered with the available data to foster strategic growth or minimize potential risks in all aspects of running a business, including sales, finance, and HR.
Data Analytics Business Consulting
Coordinating data across multiple divisions to identify and answer key business questions that reveal areas of growth and reduce exposure is often difficult even for the most successful businesses. Edgeworth has developed rigorous data analytics for businesses and other organizations across a variety of industries, based on an approach that focuses on:
- Crafting the fundamental business questions that can be answered with your data
- Understanding how your data reflects the business realities of your firm
- Extracting, cleaning, and validating data from a variety of systems
- Developing thoughtful statistical analyses and applying state of the art methodologies to provide rigorous answers
- Interpreting these statistical analyses—recognizing the strengths and limitations of the approach—to intuitively and effectively provide meaningful, actionable solutions to your underlying business questions
HR Analytics Business Consulting
Edgeworth experts apply their knowledge and experience to help clients efficiently manage complex issues by transforming the often overwhelming volume of HR data into strategic solutions. We work with clients to translate their HR data into meaningful, actionable information to help improve efficiencies and more effectively deploy human capital.
Edgeworth’s experience includes:
- Assessing and forecasting hiring and attrition trends to assist in workforce planning
- Helping companies analyze and quantify diversity and inclusion initiatives
- Quantifying recruitment analytics to measure ROI and shape recruiting strategy
- Analyzing compensation, hiring, promotion, and termination data for a variety of purposes including retention risk
- Building analyses to properly respond to EEOC investigations or OFCCP audits
- Measuring the impact of organizational realignments on the workforce
- Assessing wage and hours claims under FLSA or state laws
Data Analytics in Litigation and Compliance
Edgeworth data experts identify, assess, and build transactional databases for clients involved in litigation, arbitration, and regulatory compliance matters. We have extensive experience and expertise working with a variety of systems, including decommissioned mainframes, legacy systems, SAP, and Oracle.
Our experts easily guide clients through the process of constructing large databases for the purposes of litigation or regulatory compliance. We begin by developing a preliminary data management plan, then go through the steps of identifying all potential data that may be required in the litigation, including:
- The kinds of information needed
- The time period over which information is available
- The systems such information is stored in
- Possible interviews of IT personnel
- Extraction of data from multiple systems
- Validation of data
- Standardization of data, for instance, across multiple databases or companies
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