CAC 428 Big Data and Data
Analytics in Accounting
Topic 1
Data
,Introduction – what is data?
• Data (datum in singular form) refers to a
collection of facts usually obtained as the resu
of experiments, observations, transactions, or
experiences.
• Data may consist of numbers, letters, words,
images, voice recordings, etc.
• Data may also be measurements of a set of
variables (i.e. characteristics) of the subject or
event that we are interested in studying.
, Introduction – how to view data
• In simple terms, data are often viewed as the
lowest level of abstraction from which informatio
and then knowledge is derived.
• At the highest level of abstraction, data can be
classified as structured and unstructured (or se
structured).
Analytics in Accounting
Topic 1
Data
,Introduction – what is data?
• Data (datum in singular form) refers to a
collection of facts usually obtained as the resu
of experiments, observations, transactions, or
experiences.
• Data may consist of numbers, letters, words,
images, voice recordings, etc.
• Data may also be measurements of a set of
variables (i.e. characteristics) of the subject or
event that we are interested in studying.
, Introduction – how to view data
• In simple terms, data are often viewed as the
lowest level of abstraction from which informatio
and then knowledge is derived.
• At the highest level of abstraction, data can be
classified as structured and unstructured (or se
structured).
