In partnership with Grant Thornton, nearly 200 chief audit executives and directors weighed in on how they are using data and analytics to create and enhance value. Their insights can serve as a guide for enhancing analytic success and overcoming common roadblocks.
Key takeaways include:
- Analytic investments translate to tangible value.
- As usage of data analytics increases, so does perceived value.
- A broad range of use cases to drive value.
- The top 3 areas of value for internal audit were controls evaluations, fraud detection, and compliance monitoring.