Where most financial experts around the world stress the importance of establishing fraud detection as a key audit standard, many companies are affected by their inability to process the unfathomably large quantities of accounting journal entries and extract useful data that not only highlights fraudulent attempts in the company’s journals but also leads to elimination […]
Turning Data Mining into a Gold Mine
In previous posts I’ve defined and described Big Data. In this blog, I’m going to introduce a term just as important…Data Mining. In simple terms, Data Mining is effectively defined as “Sifting through very large amounts of data for useful or appropriate information”. This is designed to be a very elementary description of data mining, but if […]
