No Metrics, Little Analytics

If your department doesn’t track metrics on your analytics, you are probably not doing analytics or you are making little progress in analytics.

In either case, its obvious that analytics isn’t very important to your management.

Which is one of the points I made in my post, 10 Signs Mgmt Doesn’t Really Support Analytics.

So far, I have encountered very few audit departments that track meaningful metrics about their analytics.

Counting the number of projects that include analytics isn’t enough.

Advertisement

Will Robotics (RPA) Replace ACL?

In my last post, I described Why Internal Auditors Should Care about Robotic Process Automation.

In this post, I’ll explore whether RPA can replace analytic packages like ACL, IDEA, R, and Power BI.

That might seem like a strange question, but a few managers and a VP have asked me just that recently. Here’s how I’ve answered it.

New ACL CEO, New Fierce Direction?

The profile article of the new ALC CEO, Laura Schultz, indicates a new direction at the company, but I’m not sure what that direction is. Here’s why:

1. ACL tweeted that Schultz is  “fiercely determined” (see below), and in the profile, she talks about being “hell-bent” and “extreme” and taking vacations that involve “starving” and “afraid”. This is not your grandmother’s CEO, and maybe that’s the point. Either way, it doesn’t give me any comfort.