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Interesting statistics around big data, data analysis, and usage

Analysts Corner

Data Analysis (Image created using photo and elements in Canva) Evolution of data and big data Until the advent of computers, limited facts were collected and documented, given the cost and scarcity of resources and effort to capture, store, and maintain them. By 2024, 149 zettabytes of data will have been copied, collected, and organized.

Big Data 130
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Why Data Quality and Data Governance are Important to Achieve Compliance

Analysts Corner

The total cost of non-compliance is more than $14 Million and constitutes the following cost components: Fines, penalties, and other fees Business disruption Revenue loss Productivity loss Reputation damage According to a 2021 IBM report , lost business due to downtime or diminished reputation accounts for 38% of the overall cost of a breach.

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Business Process Automation Acronyms and Definitions

Argon Digital

IBM defines workflow automation as optimizing “processes by replacing manual tasks with software that executes all or part of a process” (IBM 2021).[1] Please note this does NOT mean you need to have tiny robots running around your office floor to have implemented RPA! Workflow Automation. Not sure where to use RPA?

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How is IoMT Changing the Landscape of Healthcare Cyber Security?

GAVS Technology

billion by 2022. Leaders in the healthcare industry, including Medtronic and Philips, have been partnering with companies such as Apple, Qualcomm, IBM, and Cisco to create IoMT applications. According to the 2021 SonicWall Cyber Threat Report, the number of ransomware attempts against the healthcare industry increased by 123% in 2020!

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Global Tax Trends in 2021 and 2022: How to Manage Through an Era of Transformation

Insight Software

Perhaps the most significant event in 2021 was the announcement of a major reform of the international tax system, which was made by the OECD in October 2021. Countries are aiming to sign a multilateral convention during 2022, with effective implementation in 2023. Read how to elevate tax to a strategic function.

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Agility for Strategic Decision-Making: A Finance Team Imperative

Insight Software

In this year’s survey, 41 percent of finance team leaders considered strategic decision making to be a priority, compared to 29 percent in 2021. Respondents also reported that their processes are significantly more efficient in 2022 than they were in 2021. Agility Is Key to the Finance Function. Download Now.

Finance 52
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In 2023, CFOs Need a Crystal Ball

Insight Software

In fact, recent insightsoftware research found that in 2022, 41% of finance team leaders consider “strategic decision-making” to be a priority, compared to 29% in 2021. Tangibly, this means more planning, more accurate and deeper forecasting, and more strategic decision-making based on real-time reporting.