INFS3110 Lecture Notes - Lecture 7: Integrated Reporting, Apache Hadoop, Pie Chart

• School: University of Sydney
• Department: Business Information Systems
• Course: INFS3110
• Professor: any

Document Summary

A technical solution to manage big data: hadoop. What are the benefits of integrated reporting: a shift of focus from past financial performance to the future, timeframe moves from short term to medium or long term. Increased transparency and efficiency with a focus on broader explanations rather than traditional reporting. Categorizing & classifying data so that information is useful, help answer qs e. g. which region sold the most product? (in integrated reporting) Used mainly furing financial audits (in continuous assurance) Innovation with technology will be an important aspect of better connectivity of info in the future. Data visualization: representation and presentation of data to facilitate understanding: simple graphs, dashboards (good to visualize many diff metrics quickly, with drill down capabilities to explore concerns/qs more deeply, flexible and powerful) Importance of data visualization: ability to take data- to be able to understand it, to process it, to extract value from it, to visualize and communicate it.