Advanced analytics at your fingertips
IDEA Lab - Driving Innovation in Audit Analytics
Gain access to our innovation hub as part of your IDEA 11 subscription. IDEA Lab offers a growing library of advanced analytics plugins developed by our industry experts using the latest technologies.
Identify unusual items within a database easily by analyzing the different categories and amount combinations. The outliers plugin uses several different Machine Learning algorithms such as Local Outlier Factor, Support Vector Machine, and Isolation Forest. There are also many options to fine-tune the algorithms and improve the precision of the results.
Take exploratory data analysis to the next level. Built-in Python modules are applied to your database to quickly generate in-depth interactive reports containing statistics and graphical representations.
Unstructured Data Analysis
Over 80% of the world’s information is found in sources that are not recorded as rows and columns of data but in unstructured form, such as written reports, memos, social media, books and articles. Simplify extraction and analysis of such data using some of our plugins, so you can make more-informed business recommendations.
Enhance your IDEA experience with these powerful tests hosted on IDEA Lab. These plugins offer additional testing capabilities to the IDEA user. Some of these audit tests even simplify testing that otherwise may involve multiple steps for analysis.
Choose from a variety of utilities that are designed to simplify your daily work. For example, the currency converter plugin converts any currency based on the required date, and helps you easily identify related errors.
All this and much more when you get IDEA 11.