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…

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,…

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…

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…

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…

Staff at the Yorkshire steel company Tata face allegations of creating false documents, detailing the makeup of the products sold. Auditors found material suggesting inappropriate testing and certification had taken place and nine employees had been suspended. Read the full article here.

As robots are foreseen to overtake many service focused job roles, one unexpected area that they are foreseen to excel in is bank auditing. Due to the level of mistrust in banks, cutting out 3rd parties by using blockchains can increase security. Costs can be reduced, by replacing labour with computer code. Read the full…

Expectations for internal audit are high, over 50% of stakeholders feel that internal audit are contributing significant value. To continue becoming trusted advisors, internal audit must promote strong internal audit leadership. Five key qualities are displayed in those who lead a successful internal audit department. Read the full article here.

Detectives are investigating possible fraud within the police department. The accounts in question are held by the constable’s central committee. Previous allegations include bullying and a secret multi million pound bank accounts. Read the full article here.

A recent IIA report highlighted than only 29% of senior internal audit managers are confident making data driven decisions. Data mining and analytic tools are extremely important to the audit department’s ability to perform its responsibilities, according to 37% of survey respondents. However, sophistication of data analytic tools and the collection and use of data…