Analytics
The science of analyzing raw data in order to make conclusions about that information.
What is Data Analytics?
Hindsight, Insight, and Foresight
What is the tax function?
Operations, Operantional, and Strategic
What are the areas of tax analytics?
Spend less time and money on tax compliance
What is Efficiency?
To identify and apprehend the tax evaders and encourage more of a number of people to file returns and pay taxes.
What is the goal of India's Project Insight?
The process of cleaning, transforming, and modeling data with the goal of discovering useful information that supports decision-making.
What is Data Analytics?
Deals with tax data from transactions that have already occurred.
What is Hindsight?
analyzing the data surrounding your assets for better insight into valuation
What is Operations Analytics
They are able to view and review multiple years, periods and scenarios of data at the touch of a button.
What is project Insight?
Determine the data requirements, collect the data, organize the data, check for duplicates, errors, and that it is complete.
What is the process of data analytics?
Looks deeper into data using more sophisticated queries to understand how aspects of the business may affect outcomes
What is Insight?
Refers to the data surrounding your daily operations.
What is Operational Analytics
Share a centralized data in a standard format that enables cross functional teams to find new and exciting ways to collaborate and shorten decision time frames.
Innovation
Identify, and take steps to address, existing SEC rules and approaches that are outdated
What is SEC'S goal 2
Descriptive, Diagnostic, Predictive, and Prescriptive
What are the types of data analytics?
Even with the absence of future data, the past data can be used to create statistical models to project future outcomes.
What is Foresight?
How well your tax department or service is performing
What is Strategic tax analytics?
Visualizations show tax operations and global tax liabilities in a new light and improve decision making.
What is improved understanding of tax?
Enhance our analytics of market and industry data to prevent, detect, and prosecute improper behavior.
What is SEC's Goal 3?
Predictive Analytics helps predict...
What is What Will happen? or When and Why?
The type of data analytics Insight is
What is Predictive Data Analytics?
•This type of data could come from various parts of an organization:
•Fixed asset data
•Data from the field describing your assets
•Financial data
•Industry analyst reports
What is Operations Tax Analytics?
On average, tax professionals spend 80 percent of their time entering and re-entering data into spreadsheets.
What is a challenge with Tax Analytics
143,590,000 USD
What is the cost of Project Insight?