Big Data Unleashed: Opportunities and Challenges in Accounting (Completed)

The possibilities and probabilities of big data combined with the power of emerging technologies such as robotics process automation (RPA), artificial intelligence (AI), the internet of things (IOT), and blockchain have great potential provide value in new ways. Big data has the potential as well as the possibilities to improve operational efficiency, drive new revenue streams and gain competitive advantages over business rivals. It’s no longer a question of whether big data analytics will reshape the accounting profession, but rather a question of how quickly. This workshop is tailored for accounting professionals seeking to harness the power of big data to drive strategic decision-making and address the challenges presented by this data-driven era.

Topics Covered

• Opportunities big data presents for financial analysis and decision-making
• Learn how accounting professionals can leverage big data to optimize risk management strategies
• What is Big Data?
• Why does Big Data Matter?
• How is Big Data being used?
• Why are Big Data initiatives so difficult?
• What does Big Data mean for the future of work?
• What does Big Data mean for the future of the accounting profession?

Learning Objectives

• Evaluate the challenges of handling big data and propose practical solutions for specific accounting contexts
• Differentiate between descriptive, diagnostic, predictive, and prescriptive analytics
• Distinguish the "V"s of data including volume, variety, velocity, and veracity in the context of various types of data (e.g. sensory, image, activity data)

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Information Technology (2 hours)

Program Prerequisites
None

Advance Preparation
None