Online articles
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Displaying 1-30 of 40 results
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Data analytics for accounting
- Article
- 01 Dec 2023
- Ken W.Harmon, Sunay Mutlu, Zhongxia Ye
The article discusses the importance of data analytics skills in the field of accounting and the adoption of data analytics in accounting curricula. It highlights the textbook 'Data Analytics for Accounting' (2023) as a valuable resource for teaching data analytics to accountants. The textbook covers various topics such as data scrubbing, data analysis, statistical analysis, and data visualization, as well as software platforms like Excel, Tableau, and Power BI. (This book is held in the ICAEW Library collection and can be borrowed by ICAEW members and ACA students).
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Dashboards: From performance art to decision support
- Article
- 01 May 2023
- Neil Hoyne, David Reibstein, Koen Pauwels
Dashboards are a common tool for managers to monitor a company's performance. But what is the real use of these dashboards? It may be slightly astonishing that Google Chief Measurement Strategist Neil Hoyne is no fan of dashboards, but he believes they can be toxic when taken out of context. In this interview, he explains his scepticism of monitoring the same KPIs quarter after quarter and suggests different ways to make dashboards more strategically useful to companies.
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A passion for information
- Article
- 14 Feb 2023
- Mark Samuels
A profile of Barry Panayi, the chief data and insight officer at John Lewis Partnership, is presented. He has honed his data leadership skills and is putting his obsession with data to use for John Lewis, where data science, analytics and business intelligence is an increasingly important function.
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Embedded analytics can be illuminating
- Article
- 06 Dec 2022
- Stephen Pritchard
Business analytics suppliers are increasingly offering embedded analytics – adding functionality to existing software and web applications, often real-time, and driven by APIs – as a way to bring business intelligence to non-technical users.
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The revolution's here: The market demands faster closings and more automation. Can the industry deliver?
- Article
- 10 Oct 2022
- Martin Daks
NJBIZ spoke with some industry experts to get a sense of what’s going on to prepare for the future of accounting and finance. Business stakeholders want quicker closings and more analytical reports - but many businesses are up against financial and human resource constraints when it comes to financial reporting. The article provides some tips to improve reporting.
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Storytelling in data strategy
- Article
- 01 Sep 2022
- Fatema El-Wakeel
Storytelling can be a powerful way to convey your data analytics strategy to your organization's key stakeholders. Not everyone understands data, but everyone understands a story. Hooks that can be used to gain the attention of your audience include an unusual data example, unexpected information and a call to action.
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Domo vs Tableau: Which is the better BI solution?
- Article
- 26 Aug 2022
- Madeline Clarke
Use this guide to learn about the key differences between the popular business intelligence tools Tableau and Domo, and determine which one is right for your business.
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Sisense vs Power BI: Battle of top BI software
- Article
- 25 Aug 2022
- Aminu Adbullahi
Sisense and Power BI are two of the most popular business intelligence tools. But which one is right for your organization? Learn about the differences between the two in this guide comparing both platforms' user experience, features, and pricing.
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Best Business Intelligence software: BI Tools comparison
- Article
- 19 Aug 2022
- Jenna Phipps
A comparison of top Business Intelliigence (BI) software, covering Tableau, Sisense, Power BI, Domo and Dundas. The article explains their features and the types of data analysis and visualization needs they are best suited to.
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Selecting data visualization tools
- Article
- 01 Jun 2022
- Alex Blyakhman
Finance professionals must weigh a number of factors in choosing a program to suit the data consumption within their organizations. The article explains the features of some of the market leaders in the data visualization and business intelligence software space.
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Counting eggs with AI
- Article
- 01 Feb 2022
- Greg Hoggard, Daniel Smith
The Rembrandt egg company shows how computerized vision and AI adoption can create significant value for any organization. Rembrandt's CFO Greg Hoggard discusses implementing activity-based costing to help track production variances. Through teaming up with data scientist Daniel Smith, the company now uses image recognition to count eggs. The resulting data was visualized using Microsoft Power BI, which helped identify areas where production could be speeded up.
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BI Tools 2022: Best Business Intelligence Software
- Article
- 11 Jan 2022
- Samuel Greengard
A comparison of the top business intelligence tools, to help you see which solution best fits your business needs.
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Best Dashboard software for 2022
- Article
- 27 Dec 2021
- Lauren Hansen
Dashboard software is an essential tool for business intelligence. Learn how to choose the best dashboard software for your business with this guide, which covers the factors to consider when choosing dashboard software and rates some leading dashboard packages.
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With data visualization
- Article
- 01 Dec 2020
- Fatema El-Wakeel, Loreal Jiles, Raef Lawson
The article discusses the importance for management accountants and finance professionals to learn about data visualization, its application to finance, as well as the tools and skills needed for its utilization to effectively transition to their role as strategic advisor in business.
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Will we ever give up our beloved Excel?
- Article
- 01 Oct 2020
- Kimberly Swanson, Jennifer Riley, Pamela J.Schmidt
The perceived costs of moving beyond Excel are slowing accountants’ adoption of powerful data analytics technology. The authors have carried out a study examining - from a rational decision-making view - why accounting professionals do not want to let go of Excel. They say the results indicate where the real problem lies.
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Storage decisions for AI, machine learning and big data
- Article
- 25 Aug 2020
- Stephen Pritchard
Article looks at the fact that artificial intelligence and machine learning storage is not one-size-fits-all. Analytics work has varied storage requirements for capacity, latency, throughput and IOPS. The investment needed by larger artificial intelligence and business intelligence projects in storage, compute, and networking is discussed.
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Case study: Gree, Inc
- Article
- 01 Nov 2019
An interview with Shozo Mizuno, chief financial officer (CFO) of gaming, advertising and media company Gree Inc. Mizuno discusses his initiative to improve internal management reporting at Gree, and how his management dashboard project has enabled each business unit owner to easily check the details of their unit's profitability.
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Business intelligence tomorrow... and what it means for today
- Article
- 01 May 2019
- Jelani Harper
An update on developments in business intelligence, including natural language search and augmented analytics.
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How modern business intelligence shapes up to big data
- Article
- 09 Apr 2019
- Brian McKenna
The article discusses the evolution and changes of business analytics and business intelligence (BI) in the U.S. The topics discussed include the evolution of BI strategies amidst big data, the changes made by organizations and companies in their BI tool options, and ways on how they set up BI in their technical architectures and teams.
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How modern business intelligence shapes up big data
- Article
- 09 Apr 2019
- Brian McKenna
The article discusses the evolution and changes of business analytics and business intelligence (BI) in the U.S. The topics discussed include the evolution of BI strategies amidst big data, the changes made by organizations and companies in their BI tool options, and ways on how they set up BI in their technical architectures and teams..
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Southern Water's centralised data team gears up for silo busting
- Article
- 05 Feb 2019
- Brian McKenna
How Southern Water has overhauled its data management and business intelligence technology.
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Monitoring the state of profitability and assessing the risks of financial activity using financial diagnosis
- Article
- 01 Jan 2019
- Stephen Pritchard
Research article on how to evaluate the profitability of a company, as a measure of monitoring its financial health. A case study of a metallurgial company is used, looking at several financial indicators, such as turnover, commercial margin, value added, gross profit and cost of goods sold and services rendered.
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6 ways big data is enhancing the global supply chain
- Article
- 01 Sep 2017
- Bridget McCrea
The article focuses on big data and discusses how it is impacting the global supply chain management. Topics discussed include the tracking of products by combining the purchase order details, shipment information and carrier's tracking information; the use of data mining, machine learning, and artificial intelligence to make predictions.
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Growing up in analytics
- Article
- 01 Jul 2017
- Daniel Smith | Timothy Driscoll
Gaining effective analytics depends on a clear understanding of not only the tools but the human expertise and strategy needed in reporting and data science. The article explains the skills required to carry out good quality data science, data reporting and business intelligence.
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Big data in business analytics: implications for the Audit Profession
- Article
- 01 Jun 2017
- Jialia Tang | Khondkar E Karim
Use of the term "big data" has become as pervasive as the phenomenon itself. The authors attempt to define the term as it relates to auditing, providing examples of the benefits and obstacles to integrating big data into the audit practice of the future. They also discuss how professional standards may need to change to accommodate the technology.
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Better performance through analytics
- Article
- 01 Oct 2016
- Daniel Smith | Chris Mishler
First in a series of articles that will examine how to achieve the ultimate goal of prescriptive analytics - analytics that effect change - with your organisation's business intelligence.
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Making smarter data visualizations
- Article
- 01 Jun 2016
- Scott Berinato
A guide for managers on improving your visual communication techniques. Start by considering the nature and purpose of your data visualization - ideally, it should communicate a single message.
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Dashboard design
- Article
- 01 Jun 2016
- Renita Wolf
Advice for financial planning and analysis (FP&A) professionals on how to create well-designed dashboards. Example illustrations are shown for a fictitious company, showing KPI dashboards that allow management to see the business at a glance. Sample revenue and profitability KPIs and 'quick tips' for dashboard creation are included.
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A new approach to performance management at Deloitte
- Article
- 20 Mar 2016
- Jeff Orlando, Erica Bank
This article explores how Deloitte Tax LLP developed a new approach to performance management – one which emphasises the importance of conversations as well as numerical data.
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The accidental accountant
- Article
- 01 Feb 2016
Richard Francis is a self-described 'accidental accountant' with a passion to transform the global accounting industry with his Spotlight Reporting software. NZBusiness Magazine finds out more about his mission and future plans for Spotlight Reporting.
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