The General Data Protection Regulation (GDPR) came into force on 25 May 2018. It applies to everyone trading within the EEA (including UK individuals and organisations).
Despite the step change in the technical environment and the massive increase in personal data that is being created every day, the regulations have not moved on since the 1998 Data Protection Act. The main advice from the information commissioner was to prepare now for the changes that are coming under the new GDPR.
This guide is designed to help alleviate some of the fears that lie behind the inertia on data analytics. There is information about how to get started using the resources you already have or to find out about others, and case studies to show how using data analytics has helped some practices already.
Find out why Brexit could impact data protection and how you can prepare.
Data analytics and big data
Managing big data is a huge talking point and undertaking in financial services
Blog post on the need for a broad societal debate on the ethics of using big data in business, one that should draw on the experience of accountants.
As businesses migrate their reporting online, Johnston Carmichael’s Ewan Bolt takes a look at the additional advantages of going digital.
The increased sharing of data from online banking with other business software and services can benefit accountants and their clients in numerous ways, including giving a boost to automation.
Excel guru Simon Hurst details the versatility of the Slicer feature, which was introduced in 2010, explaining why it is at the heart of Excel dashboard creation.
There are many situations where you might want to calculate a cumulative total in an Excel spreadsheet, from a straightforward running total for a list of bank transactions to cumulative values for use with an Excel chart that is animated over time.
Recently someone sent me a small spreadsheet that included a column of formatted numbers. Unfortunately, the numbers weren't numeric values that had been formatted as numbers but had been entered (or more probably pasted from elsewhere) as formatted text, complete with commas and pound signs.
Data protection and GDPR
As the GDPR has created fresh challenges for businesses that share personal data with third-party processors, the Tech Faculty offers some practical tips.
This page presents an overview of instructions and guidance for small practices to prepare for Brexit.
It has been one year since the implementation of the General Data Protection Regulation. While the initial panic is over, Jane Berney explains what has happened since 25 May 2018
Jessica Pillow offers her takeaways from the Alternative Accountancy Strategic IT Conference, which showed that accountants have common ground when it comes to tech issues.
Simon Hurst continues his guide to data display with some tips on how to keep up to date with changes and enhancements to customise your content.
Power BI Desktop offers new ways to visualise and present data. In part one of his guide, Simon Hurst uses Facebook posts to demonstrate some of its capabilities.
Although it's generally a good idea to keep reports as simple and clear as possible, the sparing use of unusual graphics can sometimes add to impact.
Finance in a Digital World
ICAEW is collaborating with Deloitte to ensure its members and students have the knowledge and skills to take advantage of the opportunities offered by the fourth industrial revolution and to meet its challenges head on. Log-in to access exclusive content, including: eLearning, webinars and bite-sized summaries on individual technologies and the broader impact of digital technologies on finance.