Technology continues to progress. Technology is changing the way that companies conduct their business and accountant must adapt and take the time to learn skills in data analytics. Begin proficient in data analytics can be a key factor in becoming a successful professional. There are many different technological tools and programs that use data analytics and can be used to improve effectiveness and efficiency for accountants and their clients.

In the report, you are to answer the three questions proposed along with an introductory and conclusion paragraph. Report on a data analytic tool from the following list:

IBM SPSS ModelerR-Programming

Microsoft Power BISQL

PythonTableau

Proposed Questions:

1. Identify the history and purpose of this tool and describe, in general, how it is used to make business decisions. Be specific about what kind of technology platform it uses, etc. and other resources that need to be in place to fully utilize the functionality of the tool.
2. What special skills are needed to use this tool to aid in business decision making? How might a student like yourself gain those skills?
3. How, specifically, would you use the tool in the following business settings? Provide a specific scenario for each category in which the tool would lead to more efficiency and/or better effectiveness. Be sure to describe what kinds of data your tool would use for each scenario.
4. Auditing
5. Tax Planning