KUALA LUMPUR, May 23 (Bernama) -- BDO in Malaysia hosted its first Analytics and Big Data seminar at its office in Menara CenTARa on 27 April 2016, with the theme “Analytics and Big Data: Harnessing the Digital Footprint”. FUSIONEX was also invited to showcase its industry specific analytic solutions in this event.

More than 60 C-suite level participants attended the session with speakers from BDO and FUSIONEX. BDO Managing Partner, Dato’ Gan Ah Tee, in his opening remarks, commented that “Data is an unpolished diamond and the key challenge is how we unlock the value of this data. That is in essence the objective of the event”

Woon Tai Hai, Executive Director of BDO Consulting, Malaysia, in his presentation - Analytics and Big Data: Harnessing the digital footprint provided an insight into the overall landscape of Big Data, including the different maturity levels of Data Analytics adoption. He quoted from global research firms (IDC, Gartner and EIU) that “74% of organisations in the region acknowledge that data is a strategic asset. But 90% of the organisations cite internal issues as barriers to adoption”

The second presentation, entitled Analytics in Auditing, was given by Sanjay Sidhu, Head of Risk Advisory Services for BDO, in which he shared his experience in conducting audits supported by analytics. He stressed the importance of moving towards a  continuous control monitoring in mitigating risks in organisations and not just relying on a once a year audit. BDO has already heavily deployed analytics in supporting its audits of large organisations.

The seminar concluded with a solution-showcasing session by FUSIONEX with the theme - Journey of Analytics with FUSIONEX, presented by Elwin Lim, Vice President of FUSIONEX.  Using FUSIONEX’s analytics solution, Fusionex Insight (GIANT), audiences were treated to an impressive dynamic dashboard session showing the key indices of typical financial performance indicators of an organisation.

Note to editors
 
About BDO
BDO Malaysia is a member firm of BDO International, the world’s fifth largest network of professional service firms.
 
Operating since 1964, BDO Malaysia  and its regional operations provides a full range of audit, advisory and tax services through more than 1,000 people including 90 partners/directors to businesses ranging from established multinational conglomerates to growth oriented organisations, whether public or private.
 
The combined fee income of all the BDO Member Firms was $7.30 billion in 2015. The global network provides advisory services in 154 countries, with almost 65,000 people working out of 1,408 offices.
 
About FUSIONEX
FUSIONEX is a multi-award-winning provider of software solutions, specializing in Analytics, Big Data and the Internet of Things (IoT). With offices in Asia, Europe, and the United States, FUSIONEX has an impressive track record of serving clients from all corners of the world.

SOURCE : BDO Malaysia

FOR MORE INFORMATION, PLEASE CONTACT:
Name : Lim May Kin
Manager
Marketing & Communications
Tel : +603 2616 2852
Fax : +603 2616 2970
Email : limmk@bdo.my
 
--BERNAMA