The following is CCI Publisher Maurice Gilbert’s interview with John Verver, VP, Strategy at ACL. Mr. Verver is a Chartered Accountant, Certified Management Consultant, and Certified Information System Auditor, as well as a member of the Center for Continuous Auditing’s advisory board.
Big Data is a hot topic right now – how does it relate to GRC and the practical issues of risk management and compliance?
The term Big Data is used in a wide range of contexts, but it generally refers to the gathering and integration of data from various sources, both traditional and non-traditional, in order to obtain better insights into customers, prospects, market opportunities, and corporate performance. Although it is not often used in reference to risk management, controls, and compliance, it’s interesting to note that analysis of very large volumes of data from disparate sources has played a significant role in GRC for at least the past 10 years.