Discussion Board: New Gilded Age? || Group 1 || Lesson 2
June 2, 2021
Assignment: Develop a Recruitment and Retention Plan
June 2, 2021

Data Analytics Mindset (Infographic)

Assignment #3

50 Points 

Create a 2 – 3-page infographic summarizing the effects of
an emerging technology on business and accounting.

The objective of this assignment is to familiarize yourself
with a variety of emerging data and technology topics and their importance to
accounting. Before completing this assignment, make sure to read the documents
related to ‘Data Analytics Mindset’ in the Week 5 Documents &
Resources folder. An analytics mindset is the ability to:

  • Ask
    the right questions
  • Extract,
    transform, and load relevant data
  • Apply
    appropriate data analytics techniques
  • Interpret
    and share the results with stakeholders

You will learn about emerging technologies that are or
becoming influential in the accounting profession. Many of these technologies
may have significant implications for the future of accounting. Understanding
these current and emerging technologies can influence every aspect of an
analytics mindset by changing the questions you ask, altering how you work with
data, requiring you to apply different or new data analytics techniques, and
influencing how you share your results with stakeholders.

Required

Select a technology (see list below). Create an infographic
that includes the following: (1) a brief summary about the topic and (2)
explain how the technology affects, or could affect business and accounting.
(3) Briefly explain how the technology affects/may affect the analytics mindset
– asking the right questions, extracting/transforming/loading relevant data,
applying appropriate data analytic techniques, and interpreting and sharing the
results with stakeholders.

Sample List of Technologies

  • American
    Institute of Certified Public Accountants data standards
  • Artificial
    intelligence (software of robots)
  • Augmented
    reality and virtual reality
  • Big
    data ethics (including data privacy)
  • Big
    data storage (e.g. data lakes)
  • Blockchain
    (internet of value) and cryptocurrencies (bitcoin)
  • Cloud
    computing
  • Cognitive
    computing
  • Continuous
    auditing and monitoring
  • Cybersecurity
  • Dark
    data and dark analytics
  • Drones
  • Internet
    of Things (IOT), Internet of People and sensors
  • Machine
    learning
  • Natural
    language generation
  • Neural
    networks, deep neural networks and deep learning
  • Robotic
    process automation (RPA)

Infographic Resources

You can create your infographic using whichever platform you
choose (just make sure that you have a way of sharing the file and/or link into
the assignment drop box). Some options for creating your Infographic:

  • Google
    Drawings
    : https://docs.google.com/drawings  
  • Piktochart:
    https://piktochart.com
  • How
    to make an Infographic using Piktochart in Five Steps: https://support.piktochart.com/articles/235028348-how-can-i-make-an-infographic-in-five-steps
  • Infogram:
    https://infogram.com/ 
  • Help
    and tutorials: https://support.infogram.com/hc/en-us

*Remember, infographics are a visual representation of information and data.
Your infographic should help tell a story. There should be a good combination
of text and graphics (e.g. images, charts, diagrams, etc.) within the
infographic.

 

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