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How often do you consider and include data and AI in your planning activities?

Incorporating data and AI into various planning stages is no longer an option but is necessary in the modern business landscape. The "Transforming Audit through Data and AI" (TADA) framework addresses this imperative.

Thinking of data and AI is critical when engaging in strategic planning, be it during long-term planning exercises or annual audit strategy sessions. As we explore engagements spanning areas like Production, Marketing, Sales, Finance, HR, and IT, the Porter Value Chain (PVC) model emerges as a valuable tool for this integration. Using PVC, we can identify precise data access needs by grouping related reviews for individual units and consistently infusing them with data analytics. This proactive strategy encourages early dialogues with the concerned functional teams and business heads, paving the way for smooth data access approvals.

Furthermore, the unpredictable ad hoc tasks in internal audit units also present an opportunity. Establishing a structured process to integrate data analytics ensures that every planned or unexpected review is data-informed. The data and AI activities start as soon as an ad hoc review arises, even while defining the Terms of Reference (TOR).

The Forward Focus accelerator and the Strategic Planning Framework? solution, based on it, are indispensable assistance in this comprehensive approach.?

If you're intrigued about understanding this encompassing framework and its diverse advantages, I welcome you to reach out to me directly or attend the next series of 3 sessions starting on 30/10/23 - https://www.dhirubhai.net/events/7119734160692326400

Embark on a transformative journey towards a data-centric audit strategy with us!