DATA-DRIVEN: STUCK IN A ONE-WAY STREET?
It’s not a new idea to draw on data when making strategic decisions – businesses have been doing so in one way or another for a long time. But in recent years new technologies, coupled with an increase in the amount of data at our disposal, have brought about the emergence of the data-driven organisation: businesses in which every decision and process is anchored in data.
INTERNAL AUDIT: TIME FOR A NEW APPROACH
Analytics has been a key focus area of Internal Audit for many years, but this has not brought about a fundamental change in the way the overall process is conducted.
While many organisations include core analytics, data skills and toolsets, the outcomes of analytics testing are not optimally integrated into their Internal Audit processes. Internal Audit teams that leverage traditional analytics are reliant on IT support, and have to copy or move data from one location to another before they are able to use it.
