Artificial Intelligence

SAP Launched new Cloud version of their software with integrated analytics
Companies can now avail of new SAP technology as the software giant moves into the modern world of cloud computing. The new version will now allow their business customer perform the same accounting, financial, and manufacturing management tasks as before, but in a more modern and efficient manner. This is great news for SAP experts and financial auditors who use the software.
Customers will now avail of public-cloud deployment opposed to building and maintaining their own data centres. With extra features added they now deem the software to be “smart”. It is claimed that it will do everything from managing manufacturing processes, to tracking inventory, to paying bills, to logging payments.
This will be invaluable to large multinationals delivering complex on-prem ERP solutions for the largest organizations on the planet. Essentially it will allow these companies to handle all the “technical heavy lifting” by using public cloud products instead of their own private data centers. In addition it also offers integrated analytics package to take advantage of the increased intelligence.
The overall idea is to provide more automated insight into the company data being collected by the ERP system. The system acts as a more active contributor to assist and augment the human decision makers.
Going forward more and more companies during the hiring process are making SAP knowledge a prerequisite for their audit and accounting openings so this may very well be the next step in our technology driven world.

One of the new hottest tech trends for the IT Audit Market and in particular the Data Analytics Market is artificial intelligence (AI). As the consumption of data persists and the growth continues with no apparent limits, we see companies across the globe are investing not only in big data analytics hardware and software but more so in the people with the skills and knowledge to utilises them. They are also heavily investing in these hard to find individuals’ continuing education.
According to a recent article released by Forbes, the world’s biggest companies such as Google, Facebook, IBM and Amazon are heavily investing in hiring and acquiring new IT talent in the arena of data analytics.

This in turn will hopefully lead to the development of new tools for migrating data, and also analysing. The predications for the market are estimated to grow in excess of €200 billion so individuals with expertise and knowledge in these specialised fields and areas are certain to build a successful career with unlimited career options and growth.

This growth will also apply not only to individuals but also to the information-based products which are also set to increase with Fortune500 companies investing heavily in new technology and infrastructures for information gathering. The data acquired can then be either bought or sold which again will lead to further revenue generation.