Question: 1. What is the difference between Big Data and Data Analytics? Give an example of the difference. 2. What efficiencies are there for external auditors

1. What is the difference between Big Data and Data Analytics? Give an example of the difference.

2. What efficiencies are there for external auditors to use Audit Data Standards?

3. If Excel offers data analytics capabilities, why would anyone choose Tableau or Power BI?

4. There are literally dozens of data analytics software products. If you were buying one of them, how would you compare them? Prepare a list of criteria.

5. Use your criteria from Question 4, and compare the desktop products from QlikSense (www.qlik.com) and Rapid Miner (www.rapidminer.com). How do they differ from Tableau and PowerBI?

6. Based upon your experience at this point, what kinds of charts do you use most often? What kinds of charts would accountants use most often? Why?

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