Data Analytic Solutions,

Data analytics is a diverse field that encompasses several types of analyses. From governmental institutions to sports and even entertainment providers, data analysis techniques have become integrated into the modern world. 

It has been estimated that by the year 2025, 463 exabytes of data will be created each day globally. To put that into perspective, in three years from now, the equivalent of 4.63 billion gigabytes will be generated each day!

The need to effectively audit large amounts of data in a cost-effective manner without compromising audit quality has given rise to opportunities for auditors to explore various options, one of which is the value of data analytics for an external audit.

As businesses evolve and processes become further digitalised, new opportunities are created for fraudsters to exploit. Fraud schemes have become increasingly complicated and thus the traditional approach to fraud must be improved to remain effective.