For an organization within the financial industry, regulatory processes and compliance governance are critical. Before Numerify, their IT team utilized Excel spreadsheets that made data trending difficult and incident analyses inflexible. These processes proved to be clunky and ineffective when data insights were necessary to prove or disprove regulator perceptions.
In one instance, regulators believed that during a specific month incidents categorized as priority levels 2 and 3 had been on the rise. The IT manager knew the data did not support that perception, but could not quickly or easily corroborate her position. Previously, she would have had to manually sift through a month’s worth of incident data, which averages 60,000 to 70,000 incidents. With Numerify, she was able to promptly analyze data across all levels (P 1, 2, and 3) to determine that no such increase had occurred — and present those results to company executives and regulators in the form of analytical dashboards.