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    Big Data

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    Wong Kean Weng
    Big data refers to extremely large data sets that traditional data processing software can no longer efficiently handle. It allows accounting firms to stay competitive by implementing technologies like big data that help deal with these massive data sets and improve auditing skills. Big data benefits the accounting profession by assisting decision making and daily operations with more data and information, as traditional methods and software become outdated.

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    Big Data

    Uploaded by

    Wong Kean Weng
    11 views1 page
    Big data refers to extremely large data sets that traditional data processing software can no longer efficiently handle. It allows accounting firms to stay competitive by implementing technologies like big data that help deal with these massive data sets and improve auditing skills. Big data benefits the accounting profession by assisting decision making and daily operations with more data and information, as traditional methods and software become outdated.

    Original Description:

    Big Data Introduction

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    Big data refers to extremely large data sets that traditional data processing software can no longer efficiently handle. It allows accounting firms to stay competitive by implementing technologies like big data that help deal with these massive data sets and improve auditing skills. Big data benefits the accounting profession by assisting decision making and daily operations with more data and information, as traditional methods and software become outdated.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    11 views1 page

    Big Data

    Uploaded by

    Wong Kean Weng
    Big data refers to extremely large data sets that traditional data processing software can no longer efficiently handle. It allows accounting firms to stay competitive by implementing technologies like big data that help deal with these massive data sets and improve auditing skills. Big data benefits the accounting profession by assisting decision making and daily operations with more data and information, as traditional methods and software become outdated.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Introduction of Big Data

    Technology is expanding rapidly in the business world in the past decades. As for the accounting
    profession, it is going through multiple changes and significant transformation by eliminating the
    traditional accounting methods and software to be replaced with newer recent technology that
    would be more beneficial to the profession. Therefore, in order to stay competitive in the
    industry, large accounting firms are currently implementing technologies such as Big Data into
    their business models that we will be discussing for this part of the assignment. 

    In recent years, there has been a lot of talks about big data. However, what does big data
    really mean in practice for the accounting and auditing profession? (ICAEW, 2019) As we know,
    businesses require data and information to assist them in the decision-making and manage the
    daily operations of the company. The traditional data processing software is becoming inefficient
    and ineffective these days in terms of the providing of data and information for the users.
    Therefore, big data is there to deal with the data sets which are too big or difficult to be solved
    by the traditional data processing software. Big data also allows accountants and auditors to
    cultivate their skills and improve the auditing skills with the help of the software that will assist
    in their daily operation duties. 

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