Today’s economy and all of the digital enhancements have impacted the way companies engage with their customers as well as how the company manages their internal practices. The business control function needs to keep pace.

The rising importance of analytical capability is critical when defining the role of the modern controller. Execution of analytics can vary but there are still key questions that must be asked. What are the options and what we need to understand to decide the best way forward?

This course focuses on the value that can be brought by the Controller when becoming involved with data analytics powered by technology and also Big Data. The digitized world we live in has made it important for the Controller function to evolve and take on this advanced task.

Learning Objectives
  • Explore the Controller’s increasing role in data analytics.
  • Discover and examine the surge in Big Data.
  • Explore and evaluate the process of Big Data Analytics.
    • Examine the benefits and challenges of Big Data Analytics.
  • Identify sources of Big Data Technology.
  • Explore examples of big data use for analysis.
  • Recognize and review the overall impact of Big Data.
  • Identify actions the Controller can take to accelerate data analysis.
Last updated/reviewed: March 9, 2024

Included In Certifications

This course is included in the following Certification Programs:

20 CoursesThe Controllership Series Certification

  1. The Controllership Series: The Controller Function - Elevating the Role
  2. The Controllership Series: The Controller Function - Strategic and Annual Planning
  3. The Controllership Series: The Controllers Role in Financial Forecasting
  4. The Controllership Series: Future Role of the Controller – Part 1
  5. The Controllership Series: Future Role of the Controller – Part 2
  6. The Controllership Series: The Controller Function - Cash and Investments
  7. ASC 842 Accounting for Leases - Deep Dive
  8. The Controllership Series: The Controller Function - Inventory Part 1
  9. The Controllership Series: The Controller Function - Inventory Part 2 - Inventory Valuation, Physical Inventory Methods and Inventory fraud
  10. The Controllership Series: Overhead, Direct and Indirect Costs and Allocation Methods
  11. The Controllership Series: Financial Statement Preparation and Presentation
  12. The Controllership Series: The Controllers Role in the Procurement Function
  13. The Controllership Series: The Role of The Controller in ESG
  14. The Controllership Series: The Controllers Role in Pro Forma Financials
  15. The Controllership Series: The Controllers Role in Data Analytics and Big Data
  16. The Controllership Series: Introduction to the Financial Close Process
  17. The Controllership Series: Managerial Accounting Basics and Cost Principles
  18. The Controllership Series: Sales, Collections and Customer Credit
  19. The Controllership Series: Addressing Cash Flow and Forecasting Uncertainty
  20. Tools for The Controllership Series Certificate
31 Reviews (170 ratings)

Reviews

5
Anonymous Author
Lynn created another great course that is timely and presented in an effective manner. As company's enter the world of AI and Business Intelligence the management and effectiveness of the data will be most important in decision making.

4
Anonymous Author
good presenter; clear and concise. Gives good examples. Good to know the controller's increasing role in data analytics. Understanding big data and learning about the process, and the impact was very helpful

5
Anonymous Author
Professor Lynn - another great course from you as usual. You make every course you teach interesting and easy to absorb even if it is the first time one is learning about that subject matter. Thank you.

5
Member's Profile
Big Data is becoming a prominent role in corporations and the material did a good job succinctly detailing the benefits of big data analytics and the controllers role in applying them.

3
Anonymous Author
There were some interesting statistics in this course and I learned things that I didn't know before, but I found this course to be a little dry and my mind wandered a lot.

5
Anonymous Author
Thorough introduction to data analytics. Course emphasizes the importance of data analytics in the Controller role and provides insights and examples throughout.

5
Anonymous Author
Great overview of Big Data and how data analytics are used in todays business world and what it means for the future of the Controller's role.

5
Anonymous Author
Solid overview of big data. Provided helpful details of what it is, how it's used, why it's valuable, and what role the controller can play.

5
Anonymous Author
We use data mining tools as auditors, but it is interesting to think how industry uses these tools as well to optimize business functions.

5
Member's Profile
This is a course that provides helpful knowledge for big data analytics and its potential uses in the business and accounting worlds.

5
Anonymous Author
Great overview of Big Data and its relevance to companies today. Helpful to understand the various terms and why they are relevant.

5
Member's Profile
For a topic that can be complex and difficult to dive into, this course does a great job of introducing it at an easy level.

5
Member's Profile
Wonderful course that provided a great high-level overview of Big Data and its implications for the accounting manager.

5
Anonymous Author
I honestly thought this information is very interesting. Certainly an advocate for technological improvements.

4
Member's Profile
The Controllership Series: The Controllers Role in Data Analytics and Big Data - a roller coaster of emotions.

3
Anonymous Author
This data is basically helpful. It's a solid overview but I struggle with the actionable knowledge.

3
Anonymous Author
A heady topic. Take small bites of this one and revisit. Work with IT for efficient undertaking.

5
Anonymous Author
Good Overview of Big Data Analytics and how controllers can utilize and take advantage of Big Data.

5
Anonymous Author
Good break down of a very difficult topic. Provides good background information and specifics.

3
Anonymous Author
There are grammatical errors in the slides and the presentation seemed to go off point a little.

4
Anonymous Author
Good summary of big data and how controllers can leverage to help make decisions.

5
Anonymous Author
This is a great course for those interested in big data. Highly recommend.

5
Anonymous Author
useful, helpful, high level overview of big data impacts on controllers

5
Member's Profile
Lynn is a clear presenter and explained the topic of Big Data well

5
Anonymous Author
This course is very informative and explained in an easy manner.

5
Anonymous Author
Clear and concise course with great examples. Easy to follow.

5
Anonymous Author
Great slides and presentation. Easy to follow and understand

4
Member's Profile
very good course, good presentation and pertinent information

5
Anonymous Author
Great information and content was delivered well. Thank you!

5
Anonymous Author
I enjoyed this course, and I found it very informative.

5
Member's Profile
Well structured overview of the course by instructor

Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to The Controllers Role in Data Analytics and Big Data2:29
  Controllers Role in Data Analytics and Steps to Achieve16:26
  The Surge in Big Data10:06
  Big Data Analytics9:36
  Big Data Analytics Benefits and Challenges3:22
  Big Data Technology8:12
  Big Data Analysis and Examples3:06
  Impact of Big Data8:44
  Controller Actions10:46
  Summary1:22
CONTINUOUS PLAY
  The Controllers Role in Data Analytics and Big Data1:14:09
SUPPORTING MATERIAL
  Slides: The Controllership Series: The Controllers Role in Data Analytics and Big DataPDF
  The Controllership Series: The Controllers Role in Data Analytics and Big Data Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam