Audits in Accounting: Improving Audit Quality with Data Analytics
Auditing is crucial to ensure the accuracy and fairness of financial information. However, one of the biggest threats to audit reputation today is data quality. This is because of the large volumes of data that businesses produce today. To deal with so much data, auditors are now turning to data analytics.
Data Analytics and Audits
Technology has played a major role in business growth as it...
How to Choose the Right Accounting Software for your Business
Business accounting activities can be tedious when performed manually and are prone to errors. For these reasons, many businesses have shifted to accounting software that offers numerous benefits, including data accuracy, time savings, easier auditing and on-demand reports.
With so many available options, it’s overwhelming to choose the right fit for a particular business. As more...
E-Invoicing Presents Opportunities for Businesses to Save
Invoicing is an important process in any business. Unfortunately, it’s also a laborious process that requires accuracy. With technology advances, businesses have tried to use various means to ease the invoicing process. Some outfits send scanned invoices; others might transfer PDFs through email; and some still use manual invoices. In this technology age, businesses are choosing to...
How AI Chatbots are Transforming Businesses
When a business moves its services online, it runs the risk of losing the close connection it had with customers. This affects customer loyalty and sometimes means lost revenue. Thanks to technology, some businesses have deployed artificial intelligence (AI) chatbots to keep customers engaged in a two-way conversation.
What is an AI Chatbot?
An AI chatbot is a piece of software powered...
Business Process Management Systems Provide Variety of Benefits to Owners
All businesses have one thing in common, and that is processes. Business processes – whether direct or indirect – are crucial when it comes to providing products or services to customers.
Business process management (BPM) plays an important role in enhancing processes and offers numerous benefits to businesses. But imagine what greater benefits can be achieved if you choose to...
Standalone 5G Networks: Potential Vulnerabilities that Could Result in Denial of Service for Customers
5G networks promise high speeds, lower latency, and more robust security compared to its predecessors – and this has created a lot of buzz. As a result, there is a lot of competition among operators to roll out the network while manufacturers are already producing 5G devices.
The deployment of 5G around the world has also been facilitated by a need for always-connected computers,...
Will StarLink be the Next Disruption to the Telecommunication Industry?
With every new project comes expectations, uncertainties, questions, opposition, and more. Elon Musk’s StarLink internet is one such project.
Just last month, on Nov. 24, SpaceX launched 60 StarLink internet satellites – making a total of more than 900 of its flat-panel satellites already on low earth orbit (LEO). This also marked the company’s 23rd space launch since the...
Exploring Brain Computer Interface: Tech That Connects to Your Brain
Imagine using your mind to control machines, or your employer reading how you feel in real time from a dashboard? This is the future of BCI technology.
Do we really need this technology? What are the potential benefits and possible implications of this emerging field?
What is BCI?
Brain Computer Interface (BCI) is also referred to as Brain Machine Interface or Neural Interface.
Wikipedia...
Avoid Wasting Money on Digital Marketing with These Tips
In last month’s article titled “How to Make the Most of Digital Marketing,” we examined how digital marketing can help your business grow. Unfortunately, this involves more than waving a magic wand. You can either choose to do it yourself or hire an agency to do it for you. Either way, if it’s not well done, you could end up wasting a lot of money with no return...
How to Make the Most of Digital Marketing
Digital marketing is not a new phenomenon. However, new realities imposed by the COVID-19 pandemic have highlighted the importance of digital marketing for businesses. Basically, digital marketing revolves around using digital channels to advertise. Such channels include mobile devices, search engines, social media, websites, email, and others to help reach consumers. The purpose is to create...