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Analytics Changes the Calculus of Business Tax Compliance

Smart Data Collective

Deloitte discussed this new trend in a report titled “Tax data analytics A new era for tax planning and compliance.” ” Small businesses need to understand the role that data analytics plays in assisting with tax compliance. This is one of the areas where data mining technology can come in handy.

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5 Huge Benefits of Financial Analytics for Your Business

Smart Data Collective

Data analytics tools make it easier to take a deep dive into your finances. Some budgeting tools will connect with your bank account and data mine information about your spending habits. You can use this data to make more informed decisions. Make use of Government grants where possible.

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Predictive Analytics Could Minimize Underpayment Penalties By The IRS

Smart Data Collective

The federal government is often slow to embrace new technology. However, many federal agencies have finally discovered the countless benefits of big data. The Internal Revenue Service (IRS) is one of the organizations that has started using big data to enforce its policies. According to a recent report, they sent 3.7

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Data Profiling: Types, Techniques and Best Practices

Astera

It includes format checks, range checks, and consistency checks to ensure data is clean, correct, and logically consistent. Understanding the Difference: Data Profiling vs. Data Mining Data profiling and data mining are two distinct processes with different objectives and methodologies.

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How Big Data Offers Better Electronic Signature Solutions

Smart Data Collective

Big Data Addresses Security Issues and Other Concerns with Electronic Signatures. Big data is addressing some of the biggest concerns in document processing and authentication. New data mining tools will help with electronic signatures. However, choosing a particular solution is not an easy task.

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The Importance of Business Analysis in the Tourism Industry

Business Analysts

Governments have taken impressive immediate action to restore and re-activate the sector while protecting jobs and businesses. They are considering possible scenarios to recover the tourism industry, planning and preparing for a new normal. Techniques used by Business Analysts to analyse tourism data.

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Information Marts: Enabling Agile, Scalable, and Accurate BI

Astera

Information marts enable analytics teams to leverage historical data for analysis by accessing the full history of changes and transactions stored in the data vault. This allows them to perform time-series analysis, trend analysis, data mining, and predictive analytics.

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