Opportunities
• Improve understanding of market conditions, forward planning and risks.
• Potential to increase business effectiveness and lower process costs.
• Transform audit and forensic accounting by improving corporate.
• Level playing field for small businesses and larger organisations.
Challenges
• Shortage of data mining and interpretations skills.
• Knowing which questions to ask to gain insights.
• Affordability, interoperability and standards.
• Obtaining high quality data. Lots of data is not the answer.
• Data security, privacy and other important legal issues.
ACTIONS