Define 25% ~ Source & Structure 20% ~ Customise 30% ~ Optimally Visualise 25%
“I do not believe you can do today’s job with yesterday’s methods and be in business tomorrow,” Nelson Jackson, automobile pioneer
The availability of large volumes of data is changing the way organizations look at most of their business processes and functions. In the context of internal audit (IA) also, new ways are coming up to utilize the power of analytics. To stay competent and ahead of the curve, the organizations should ask themselves the following questions — Is their organization still relying on traditional methods for its IA process? Does their IA methodology incorporate analytics? If yes, to what extent?
The CFO-CMO partnership is a trending one in today’s digital economy, which is guided by increasing customer expectations and business complexities.
The technology landscape is changing rapidly and commoditization of technology is the new norm. The next-generation digital trends – Social, Mobility, Analytics and Cloud (SMAC) – have transformed the way businesses are run.
Big Data is typically explained via 3Vs – Volume (2.5 Quintillion Bytes of data are estimated to be created every day), Variety (data from all possible source from structured to unstructured) and Velocity (tremendous speed of generating data due to increasing digitization of society).