As part of our Ask the Auditor programme, we recently spoke with Lya, Computer Auditor for a Welsh Local Authority about how they’ve been using IDEA to verifying COVID-19 related payments over the past twelve months.
Data about your organization can be a powerful tool, and internal auditors are increasingly taking advantage of a variety of technologies like IDEA Data Analysis to incorporate data analytics in their audits. Yet, the use of data analytics can easily go awry if the insights that they bring to the decision-making process are not properly…Read More
“When you’re cooking, preparation is an essential step. Ingredients need to be collected, peeled, marinated and put where you will be able to reach them when the oil is hot or the oven reaches the right temperature,” says Data Informed guest author, Bernard Marr, “this is also true in any business analytics and intelligence-driven process.”…Read More
Big Data is big. That much is obvious. What might not be so obvious is just how powerful and error prone it can also be. Susan Etlinger of Altimeter Group noted in her 2014 TED talk that “we can process exabytes of data at lightning speed, which also means we have the potential to make…Read More
Big Data equals big opportunities for organisations of all sizes. In fact, organisations that utilise data analytics in their decision-making process have a 5-6% better output, on average, than those who rely on experience and intuition. Lack of awareness has a part to play for this figure not being higher. The common misconception is that Data analytics is only suitable…Read More