Big Data in cost management
what is the best way to store and organize data? spreadsheets, AI models or paper records.
Spreadsheets
how does big data help accountants make decisions?
By giving deeper insights, predicting trends, and showing where costs can be saved.
how many eyes does a die have
21
How does big data help in identifying ways to save money?
identifies waste, reveals inefficiencies
what kind of trends can big data help accountants find?
Cost, sales, and demand trends.
which food does not spoil
honey
How does Big data allow us to audit millions of ledgers highly efficiently
by using audit sampling to identify problems or trends in transactions
how can big data lead to adverse decision making in some circumstances
information overload, misinterpretation of data analysis
what is the only letter that doesn't appear in any U.S. state name?
Q