As tax compliance moves into the electronic age, Albert Fleming comments on the future role of data analytics in tax
‘The volume of data in the world doubles every 18 months. The opportunity of the century is to create insights out of all this data … allowing billions of records of data to be analyzed at the speed of thought.’ SAP Co-CEO Bill McDermott.
Technologists and consultants have talked excitedly about data analytics and business intelligence for some time and theorised on how businesses could make a step change in performance if they could use the data generated through serving customers and running their businesses to make better business decisions.
Tax is now entering the world of electronic data. In many jurisdictions tax authorities have introduced electronic filing for tax returns (eg US Germany UK and The Netherlands) and public company filings to regulators are following...
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As tax compliance moves into the electronic age, Albert Fleming comments on the future role of data analytics in tax
‘The volume of data in the world doubles every 18 months. The opportunity of the century is to create insights out of all this data … allowing billions of records of data to be analyzed at the speed of thought.’ SAP Co-CEO Bill McDermott.
Technologists and consultants have talked excitedly about data analytics and business intelligence for some time and theorised on how businesses could make a step change in performance if they could use the data generated through serving customers and running their businesses to make better business decisions.
Tax is now entering the world of electronic data. In many jurisdictions tax authorities have introduced electronic filing for tax returns (eg US Germany UK and The Netherlands) and public company filings to regulators are following...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
