Big data analytics – what is the buzz about?

Have you heard of “data scientists” being recruited by businesses? Is data perhaps one of the most valuable commodities of the modern era? Consensus exists that real-time access to relevant and reliable data can increase the likelihood of success of a project very significantly, if not ensure its success completely!

Sometimes the quantity of such available data is, however, just completely overwhelming, causing doubt about the reliability and accuracy of especially the analysis and interpretation thereof. How can you ensure that such high quantities of available data (referred to as “big data”) are obtained, stored, processed, analysed, and interpreted in such a way that the entire process can be regarded as not only trustworthy, but also statistically sound? The challenge also extends to the fact that significant and important decision-making usually follows such big data analyses, which could be disastrous if the original data analysis process was not sound and healthy in the first place.

As professionals in the accounting, finance, assurance, and tax spheres, we deal with large quantities of data every day.

By joining us for this live CPD event, you will not only learn about the concept of “big data analysis” as such and how invaluable such information has become to the modern-day professional (i.e., what the availability of such interpreted big data could mean to the professional), but also be developing the following professional competencies: