Sophisticated data tools yielding promising results: CAG

Sophisticated data and visual analytic tools are producing "promising results", Comptroller and Auditor General Shashi Kant Sharma today said as he emphasised on importance of big data management.
"India has formulated a Big Data Management policy and is in the process of establishing a Data Analytics Centre. Our pilot results on using sophisticated data and visual analytic tools have already produced promising results," an official statement said quoting Sharma.
The CAG in India has taken several initiatives towards use of latest data analytical tools for audit planning and analysis and is also fine-tuning its methodology for audit of environmental issues for better impact, the statement added.

Sharma was delivering a keynote address at the first meeting of Supreme Audit Institutions (SAI) of BRICS countries in Beijing.
According to the statement, Indian government has taken big strides in automating its services as well as collecting, compiling and reporting data for its programme intervention.
"This has led to a digital data explosion and opened up an opportunity to the SAIs, which would be one of the few agencies to have access to such vast data held by different government agencies," it said.
For SAI India, this meeting assumes significance as India has recently assumed chairmanship of BRICS.