Dealing with Increasing Governance and Compliance Regulations through IT

INDUSTRY

Governance, risk management and compliance (GRC) are intrinsically and unavoidably linked, with each of the three disciplines creating information of value to the other two. Any fragmentation within this ecosystem can have consequences for businesses that range from inefficiency and unnecessary cost all the way through to outright disaster. As a result, a coordinated, unified and…

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The 3 Most Practical Big Data Use Cases Of 2016

INDUSTRY

Big Data is sexy. Data scientists are the unicorns of the job market right now. Some days, it feels as though we are living right on the edge of some science fiction utopian future. But unicorns and sci-fi aside, for businesses, implementing something like a big data strategy has to be more than sexy: it has…

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How Mature is your Internal Audit Team?

INDUSTRY

Anu Sood asks just how mature is your organisation’s Internal Audit team? The IIA Research Foundation has recently released a global benchmark report that examines the maturity of internal audit departments. Benchmarking the maturity of internal audit departments helps build strategies to develop these departments and reach desired audit-quality levels. The report discusses the following key indicators:…

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Big Data, business analytics to hit $203bn by 2020

INDUSTRY

Last month we reported that Big Data was expected to hit $72bn (£54bn per annum) by 2020. Today we see another, global, report providing some vastly inflated figures: the Big Data and business analytics (BDA) market is predicted to hit $203bn (£159bn) in the year 2020, up from $130.1bn (£102bn) in 2016, according to research firm…

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5 Reasons Your Big Data Strategy Could be Failing

INDUSTRY

Big Data is nothing new. The majority of companies now collect a wealth of information about their customers and processes, leveraging the insights to streamline operations, drive marketing, and ultimately increase profits. The opportunities made available by Big Data are truly astounding. However, many companies are still not seeing a return on their investment in…

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The Rise and Rise of UK City Data Analytics

INDUSTRY

Eddie Copeland details the use of Data Analytics by several UK Local Authorities in supporting troubled families, ensuring children are school-ready by the age of five, tackling diabetes, predicting and preventing fires, and more. These are just a few of the things that UK cities are already tackling with data science. On 12 September, practitioners from Manchester,…

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4 Steps to Reducing the Chances of Fraud

INDUSTRY

Conducting frequent fraud risk assessments is among the top ways to discourage individuals within your company from committing fraud. Strengthening your internal controls and taking advantage of a strong a flexible data analytics software solution will go a long way to preventing fraud – or at least increasing the likelihood of detection before it can cause…

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How Big Data can drive Employee Engagement

INDUSTRY

Big Data has reshaped businesses in a multitude of ways in recent years, and now it’s starting to change the way HR monitors employee engagement in real-time, in an effort to improve both customer and employee retention and satisfaction. Using big data for performance evaluation allows companies to get an idea of the larger picture of how…

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Big Data hits $46 billion in revenue — and counting

INDUSTRY

Big Data has been a buzzword for more than a few years now, and despite the fact that its era is only just starting to dawn, sales of hardware, software, and professional services are already worth an estimated $46bn (£34bn) per annum – from just one-quarter of organisations – and this is expected to rise…

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