The Audit Podcast Ep 144: CAE's Perspective on Analytics Programs w/ Derry Herring & Alicja Arnold (Protective Life)
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May 9, 2023 Derry Herring, Chief Audit Executive at Protective Life, and Alicja Arnold, Lead Audit Analyst and UAB instructor, offer valuable insights into analytics programs. They discuss the challenges faced by CAEs in supporting these programs and share the evolving landscape from traditional methods to advanced systems. The duo highlights the power of storytelling and data visualization in enhancing communication with stakeholders. They also explore the importance of collaboration within audit teams and the pursuit of advanced technologies like predictive analytics.
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Data Analytics Evolution
- Data analytics has evolved from basic Excel spreadsheets to complex coding and automation.
- The core goal remains converting raw data into actionable insights.
Securing Resources for Analytics
- Secure budget and demonstrate value to gain management support for analytics programs.
- Recruit top talent by offering cutting-edge tools and resources.
Data Storytelling Success
- Alicia Arnold combined budget, HR, and operational data to reveal upcoming retirements and other issues.
- This data storytelling impressed management and demonstrated the value of analytics.