Navigating the Data While cryptocurrency has become more common, it has not lost its volatility. This article focuses on the risks of the rapidly growing cryptocurrency marketplace and what tools and capabilities are needed to protect companies from future crises that may emerge. Introduction Fortune favors the brave. That is what many have come to believe as cryptocurrency has soared into mainstream consciousness over these past two years. With cryptocurrency companies spending over $2 billion on advertising via Super Bowl commercials, celebrity endorsements, and even arena purchases (thanks for the memories, Staples Center), it is no wonder that more and…
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Get Clients to Count on Your Accounting Is it the valuation of a small privately held company with three employees? Or a large multi-national with employees in the thousands? Perhaps it is reviewing assets in a highly contested divorce. One way or another, you are trying to reach a decision, an opinion, or a conclusion from the data in front of you. Using big data, you must compose a story and present the data in a manner that is compelling and memorable. This article discusses the importance of embracing big data and showcasing one’s expertise. Is it the valuation of…
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Leading futurist and keynote speaker Ross Dawson, who regularly consults to accounting, finance, and banking bodies, spoke with Chris Sheedy about the single greatest opportunity that the future holds for accountants. To read the full article in ICAS, click: How We Will Learn to Love Big Data in 2018.
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With rapid advances in technology transforming companies of all types, the demand is increasing for CPA firms to understand how new technologies are affecting clients and what clients must do to adjust their processes and practices to make the most of technological innovation while also mitigating risk. To read the full article in the Journal of Accountancy, click: Furious Rush of Digital Disruption Creates Opportunities for CPAs to Help Clients.
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Carefully considering the user’s experience helps interface designers create useful products—and can guide finance teams in data presentations. Andrew Kenney, CGMA Magazine contributing editor, shares some tips that really deliver. To read the full article in CGMA Magazine, click: How to Deliver the Financial Data Users Need.
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Use Big Data to Improve Performance Using big data to inform business decisions can give organizations an edge over their competitors, IBM Vice President Paul Zikopoulos said Tuesday at the AICPA’s spring council meeting. Ken Tysiac, JofA editorial director, describes how to start integrating data analytics into your plans. To read the full article in the Journal of Accountancy, click: IBM Big Data Expert Shares Tips With CPAs.
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What Happens When Companies Ignore Disruptive Innovation One mistake companies make is assuming that disruptive innovations will target the low end of the market. This may cause them to overlook potentially industry-changing ideas and stick with old infrastructure for too long. Maxwell Wessel, venture capitalist at Sapphire Ventures, explains the issue and what’s needed to overcome it. To read the full article in the Harvard Business Review, click: How Big Data is Changing Disruptive Innovation.
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Five years ago, no one really knew what big data was and now, it seems it’s all anyone can talk about. Big data is the term used for information retailers, government agencies, and other organizations collect from the public that other entities might have a vested interest in purchasing because they produce ancillary products or services that could be marketed to the same individuals. While there has been much concern regarding big data the government collects and its impact on privacy, it’s becoming much more of a concern in the valuation world. Are these datasets assets? Some are valued in…