ABSTRACT
This chapter considers the major investments taking place in new information technologies such as Enterprise Resource Planning (ERP) systems and the more recent hyperbole surrounding Big Data. It also considers the implications of such investments, in terms of organisational capabilities, with particular reference to the accounting and finance professions. The chapter deals with a reflection on Enterprise Resource Planning systems as a potential strategic asset and then consider Big Data in a similar light. Given the increasing importance and use of Big Data within organisations, a number of academic articles and professional reports have addressed its implications for various aspects of accounting practice. ERP systems are typically the largest and most complex information systems implemented by organisations. Furthermore, ERP systems often represent one of the most significant capital investments that an organisation will make towards its information technology/systems infrastructure.
