In the new report titled Data Analysis – A Practical Approach [PDF], ISACA helps companies create successful data analysis plans for better results and benefits. The document is available as a free download on www.isaca.org/data-analytics
"Data analysis is more than a project. It's a journey through a well-thought-out plan with specific goals and steps," said Anthony Noble, CISA, vice president of IT auditing at Viacom Inc., and a member of ISACA's reporting development team. "This report explains how effective data analytics helps companies identify what's working well, determine areas for improvement, and recognize problems before they get out of hand."
According to the ISACA report, using data analytics helps security professionals establish value by identifying potential cost savings and operational improvements; in addition to offering other important benefits, such as:
Learn more about privacy and security issues
Perform an adhoc analysis in support of risk areas. Use data analysis within various projects for greater knowledge. Move to repeatable analyses performed periodically on high-risk activitiesDefine measures of success along the way"The results of data analysis can be useful in identifying areas of risk, fraud, error, and abuse; improving business efficiencies; verifying the effectiveness of the processes; and even influencing decisions," Noble said. "This ISACA guide helps companies by offering specific steps and guidance to bring order between sometimes chaotic data repositories."
Source: ISACA
