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Data analytics and big data

Get advanced data analysis, from number crunching and spreadsheets to decision-support and strategy, including access to useful and practical Excel guidance. Plus, find out how big data is used and can benefit the accountancy profession.

In this section

Features and articles

Embracing digital - introducing the new Inflo Digital Audit Platform

Inflo are launching a new capability in their product suite – Inflo Workpapers – to create the complete Digital Accounting platform. Created by accountants for accountants, Inflo’s expanded offering will unlock the true potential of technology within audit and accounting services. Fully leveraging the power of data analytics, automation and AI allows firms to perform services more effectively, to a higher standard of quality and delivering a more value to clients.

Looking to the future of AI in corporate advisory

Artificial intelligence is increasingly being used in corporate decision-making, investment and M&A. Last year, the faculty’s Shaun Beaney and Rosanna Woods of Drooms co-authored the AI in Corporate Advisory research report. This was followed in May by an evidence meeting held by the All-Party Parliamentary Group on Artificial Intelligence (APPG-AI), hosted remotely due to the COVID-19 pandemic

Blog series

Big data and the profession - what does the future hold?

The growth of computer power, and rise of automation and artificial intelligence will increasingly affect analytical tasks. Accountants will need to find new ways to add value in response.

Webinars and recordings

Reports, guidance and thought leadership

The Library & Information Service provides a hand-picked collection of eBooks as a benefit of membership. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com

Digital finance: big data, start-ups, and the future of financial services

This book takes a thoughtful look at how the industry is evolving, and it explains how to integrate concepts of digital finance into existing traditional finance platforms. It explores what successful companies are doing to maximize their opportunities in this context and offers suggestions on how to introduce digital finance into a firm's structure. Specific strategies for a digital future are presented, alongside numerous case studies that explore key attributes of success.

Principles of data wrangling: practical techniques for data preparation

This book walks the reader through the wrangling process by exploring several factors-time, granularity, scope, and structure-that you need to consider as you begin to work with data.

Data strategy: how to profit from a world of big data, analytics and the internet of things

A must-have guide to creating a robust data strategy. Explaining how to identify your strategic data needs, what methods to use to collect the data and, most importantly, how to translate your data into organizational insights for improved business decision-making and performance, this is essential reading for anyone aiming to leverage the value of their business data and gain competitive advantage.

Ensuring your data doesn't become a liability

Chapter 10 of this title deals with: data ownership and privacy; data security; best practice in data governance.

Understanding business valuation: a practical guide to valuing small to medium sized businesses

This fifth edition of this title covers all areas in the various valuation approaches, methods, and techniques in an easy-to-read style.

Visualizing financial data

This book provides visualization methods that will help you navigate today's cluttered landscape of financial markets. It starts with a review of current, commonly used methods for communicating financial data and then offers methods to refine or enhance them, or create new types of visualisations that are easy to use, elegant, and that facilitate better decision-making. Many break with today's common practices for communicating data, but improve efficiency and clarity.

Big data in practice: how 45 successful companies used big data analytics to deliver extraordinary results

Offers an in-depth insight into how specific companies use big data.

Good charts: the HBR guide to making smarter, more persuasive data visualizations

Provides an essential guide to how visualization works. It will help you turn plain, uninspiring charts that merely present information into smart, effective visualizations that powerfully convey ideas.

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The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of membership. If you are unable to access an article, please see our Help and support or contact library@icaew.com

Whitehall's weaponisation of data analytics: UK government is putting data analytics in the driving seat of civil service transformation

Article gives an overview of the ten years of Open Data in Government and how this is at the forefront of civil service transformation. It also mentions that significant economic benefits by enabling businesses and non-profit organisations to build innovative applications and websites using public data.

Evolving finance technology: CFOs have a major role in ensuring that their company takes full advantage of data analytics and other capabilities that new technologies provide.

Article discusses the rapid evolution of technology and its impact on the job of chief financial officers, impact of the advanced enterprise resource planning systems on the function of finance according to Davies, and the role of the CFO in the management of a company's technology investment.

Clinging to excel as a security blanket

This paper investigates evidence that suggests that practicing accountants may be resistant to data analytics practices, despite warnings that the profession needs to embrace and adapt to big data and data analytics, and seeks to understand factors that may influence this resistance to adopting new data analytics technologies.

Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.

Useful links

Electronic Statistics Textbook

Provided by Tibco this textbook offers support on the application of statistics and data mining. It covers a variety of applications, including: business statistics, credit scoring, forecasting and survey research, data mining and quality control.

Preparing for Brexit not just a British challenge

EY highlight six considerations for enterprises impacted by Brexit border changes, including: moving goods in and out of the UK, sourcing locations, operating model suitability, impact on working capital, validity of existing contracts and immediate customs/border issues.

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