Improving Data Preparation for Business Analytics

whitePaper | April 27, 2023

Data analytics are used to test controls and validate that business risks are managed. This would generally occur at a point-in-time when an assurance activity is scheduled. Rather than test a number of transactions, the entire population of transactions can be reviewed for greater coverage. Data analytics includes automated tools such as generalised audit software, test data generators, computerised audit programs, specialised audit utilities and computer-assisted audit techniques (CAATs).

whitePaper | August 26, 2022

For all business leaders, the past two years have been filled with trial and error as we continue to navigate this unprecedented time of health and safety, regulations, and shifting consumer needs. As the global economy seeks stability throughout the fluid pandemic mandates, we are finding that high-quality data has been a key play to keeping customer centricity.

whitePaper | August 1, 2022

The Graph database is fundamental to driving a much-needed breakthrough in the world of Master Data Management (MDM). Until now, traditional MDM systems have imposed strict rules and structures on how these projects are managed. This has cost enterprises dearly in terms of wasted time and resources and has been a major contributory factor to the failure of many MDM initiatives. Graph has changed all of that, allowing modern MDM platforms to completely redefine how master data is prepared for insight and used to deliver tangible business outcomes.

whitePaper | December 5, 2022

When modern LIMS software overtook traditional paper-based record-keeping in the lab, operations in every industry improved. Automated data collection drove efficiencies at the bench. Cloud solutions accelerated knowledge-sharing between partners. Built-in security and permission features enhanced data integrity. There’s hardly a lab in operation right now that hasn’t gained from this leap towards digital transformation.

whitePaper | December 27, 2022

The 2022 data industry white paper consists of five parts. Part 1 discusses data sharing between individuals, across countries and within companies, under this year's theme of 'Data Sharing.' Part 2 summarizes the major policies, legislation, and systems related to the data industry in Korea and abroad. Part 3 deals with the current status of Korean and global data industry markets. In Part 4, the status of each industry based on business data is examined. Part 5 reviews technologies related to data sharing and utilization. Overall, this white paper uses infographics to summarize the flow of related policies, legislations, and institutions that have been promoted over five years, and highlights the main data issues experienced in Korea this year based on data analysis.

whitePaper | July 25, 2022

Experts estimate that the average person generates more than 1.7 MB of digital data per second, amounting to over 2.5 quintillion bytes per day. However, as the world becomes increasingly digitized and networked, experts predict that, on average, people will produce 463 exabytes of data per day by 2025.