Big Data Analytics : Implications and Prospects for Accounting Professionals
DOI:
https://doi.org/10.33516/maj.v54i5.47-51pKeywords:
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Technology is constantly changing. Smartphones, tablets, wireless access, networks, portals and the cloud have changed how the accounting and finance department uses data. Big data and Big Data Analytics impact nearly every aspect of accounting, including audit, tax, and managerial accounting.It helps in identifying various opportunities for improvement, and aid in evaluating global opportunities. Accounting professionals will need cutting-edge data analytics skills to thrive in this changing landscape. Accounting professionals should try to enhance their own capabilities in terms of both technical and analytical/statistical skills & knowledge. The present paper is basically a theoretical paper covering various aspects of Big Data and Big Data Analytics apart from discussing the opportunities available to accounting professionals in the era of Big Data Analytics. The paper also throws light on various implications of Big Data Analytics in accounting and finance area.Downloads
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