So how does it work within an organization or company?
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Anomaly detection is the process of finding patterns in data that don’t conform to a model of normal behavior. Unless you’re a data scientist or practitioner familiar with tools that offer algorithms for pattern recognition, the principles behind anomaly detection may seem obscure and unapproachable....
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Every day the concept of artificial intelligence (AI) is greatly changing and expanding. With new forms of technology, machine learning and artificial intelligence continues to grow and expand throughout the work force. But how will people comprehend the outcomes of artificial intelligence? How will they...
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If you work in a company or an organization that wants to improve the effectiveness of risk management and governance processes or just wants to improve the company overall, then you are probably familiar with internal auditing. Internal auditing is a consulting activity which is...
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What does continuous monitoring of financial transactions mean? In short, Continuous Monitoring (CM) of financial transactions is a reporting system that continuously monitors financial transactions and provides timely and relevant (actionable) information for an executive to review and make necessary decisions. This is in sharp...
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Reimbursable employee expenses are a significant cost for most businesses, and unfortunately they are often a source of fraud by unscrupulous employees. To combat this, businesses typically rely on auditing employee expense reports manually. As this is a tedious and very labor intensive process, usually...
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“COVID-19!” the mere mention of the word sends an ominous shiver down our spines! Such has been the phenomenal negative buzz associated with the rise and spread of the Novel Coronavirus, from Wuhan China to what appears to be every nook and corner of the...
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With the rapid growth of the internet and the IoT and the resultant digital transformation of the world we live in, there is an explosion of data that is being generated, collected and stored. There is data available for “normal” transactions, as well as for...
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Mobile phones, smart watches, wearable health gears… there is avalanche of information and data about people’s health and activities today that can be leveraged. The data can be used to have more a clear idea of a person’s health and fitness needs. Hospitals and healthcare...
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