Ted Baker announced earlier this week that it had overstated the value of its stock by between £20m and £25m. It seems incredible that it could have got it so wrong. The company has appointed law firm Freshfields Bruckhaus Deringer to investigate the situation, who in turn say they will appoint independent accountants to carry […]
Post GDPR, how can data analytics help charities improve their ‘relationship fundraising’?
One industry expert claims the opt-in policy adopted by many charities to comply with GDPR has been a “disaster”. Another says it has “severely diminished” the ability of some charities to raise money. But is there an over-emphasis on how many people are on databases, and not enough on how charities can build relationships with […]
Modus invests in data analytics platform
Modus is delighted to announce that it has taken an initial 8.33% stake in Silicon Memories, the owner of data analytics platform LABB. One of Silicon Memories’ software products is Enterprise LABB, a business enterprise analytics tool specifically for the business and enterprise market. Silicon Memories’ objective is to continue to develop this software. The […]
What Sherlock Holmes can teach us about data analytics
In the first part of this blog, I discussed how vital it is for a charity to have a clear purpose and inspire trust among its supporters. This second part is about data. Specifically, how you collect the data you need to help you improve your fundraising and your charity’s performance. In the final part […]
Are charities in crisis and is data analytics the answer?
In the first part of this three-part blog about data analysis in the charity sector, I’m not going to talk about data analysis much at all. This may seem counterintuitive but there is method in my madness. The results of a recent survey and a speech by the chair of the Charity Commission should be […]
5 reasons your accountancy practice should be using data analytics – regardless of its size
The size of your practice should not prevent you from using data analytics. In this article, I look at how accountancy firms of any size can use it to stay ahead of their competitors and enhance the service they offer their clients. All the large accounting firms are embracing big data analytics, robotic process automation […]