PwC accelerates recruitment of data scientists to transform its deals business

Published at 10:04 AM on 15 February 2016

PwC plans to add more than 1,000 data scientists to the 500 currently active in its international deals business over the next 18-24 months. This multi-million dollar investment will fully embed data and analytics into PwC’s $5bn global deals operation. The move mirrors increasing client and buyer demand for advanced data-driven insight when making a decision about an acquisition or divestment.

John Dwyer, PwC’s global head of deals, said:

“As the sophistication of investors and the availability of data grows, it’s critical that our professionals are supported by the latest technological advances. This additional investment will allow us to accelerate the development of our services and deliver transformational insights to our clients throughout the deal cycle. The combination of technology and strategy will be key to how the deal landscape evolves in the next 10 years.”

“The new data scientists will be hired across all major territories, with over 100 expected to be added in the UK. Specialist recruiters have been engaged to look at a range of skills and industry backgrounds, including data engineers, statisticians and machine learning experts, drawn from roles in analytics-heavy sectors such as technology, healthcare, and scientific academia”

The investment will enable a host of new services including:

  • targeting of acquisition and divestiture opportunities through the application of predictive analytics.
  • use of advanced data and statistical analysis and visualisation techniques to transform the due diligence process and the depth of insight it provides.
  • access to a real-time valuations portal, incorporating dynamic investor and social media sentiment feeds.

To drive this transformation, Henri Leveque, a senior partner in the US firm, was appointed head of data and analytics a year ago and has now been promoted to the global Deals leadership team. Henri commented:

“Relationships, experience and human judgement will remain important long into the future. However, the deep insights that can be driven through the sophisticated analysis of high-volume data are playing an increasingly vital part of deal execution. Buyers now expect to understand risks and opportunities in far greater detail before making significant investment decisions. This investment in the best people and the right technologies reinforces our position as the leading global deals business.”

The $5bn PwC global deals business includes transactions, restructuring and forensic services.

ENDS

 Notes to Editors

About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

©2016 PwC. All rights reserved


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About PwC

At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. © 2016 PwC. All rights reserved

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