It takes a while to learn highly effective Data Analysis, but developing some good habits can help speed along the process immensely. Some excellent habits to get into include: 1. Value simplicity of analysis over fancy algorithms 2. Value more data sources over more data 3. Value familiar tools over the latest shiny tools 4. Value insight and investment over…

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…

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…

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:…

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…

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…