As information systems advance, data generation increases. There was a time humans owned and generated data. But for the past few years, the technology trends have been changing. With these changes, the definition of data has broadened. For instance, it’s not necessary for data to have a structure, like having the same data type or organization pattern. In other words, the data may contain different data types that are randomly arranged. Machines can generate information as well. Data can also exist outside the corporate boundaries. Data is growing as time goes by. We’re using the term “big data” to describe this portfolio of data. So, while thinking about how this data can be managed for better reporting, you may wonder, how does big data come into the picture?
In this post, we’ll discuss how big data has improved the audit process. But before that, we’ll get to know what big data is.
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