Book Image

Managing Data Integrity for Finance

By : Jane Sarah Lat
Book Image

Managing Data Integrity for Finance

By: Jane Sarah Lat

Overview of this book

Data integrity management plays a critical role in the success and effectiveness of organizations trying to use financial and operational data to make business decisions. Unfortunately, there is a big gap between the analysis and management of finance data along with the proper implementation of complex data systems across various organizations. The first part of this book covers the important concepts for data quality and data integrity relevant to finance, data, and tech professionals. The second part then focuses on having you use several data tools and platforms to manage and resolve data integrity issues on financial data. The last part of this the book covers intermediate and advanced solutions, including managed cloud-based ledger databases, database locks, and artificial intelligence, to manage the integrity of financial data in systems and databases. After finishing this hands-on book, you will be able to solve various data integrity issues experienced by organizations globally.
Table of Contents (16 chapters)
1
Part 1: Foundational Concepts for Data Quality and Data Integrity for Finance
5
Part 2: Pragmatic Solutions to Manage Financial Data Quality and Data Integrity
10
Part 3: Modern Strategies to Manage the Data Integrity of Finance Systems

Learning how race conditions impact the transaction integrity of financial systems

Earlier in this chapter, we mentioned that PostgreSQL transactions have the ACID properties of atomicity, consistency, isolation, and durability. These qualities ensure that transactions are handled consistently and dependably. Let’s take a moment to discuss these in detail:

  • Atomicity: A database is said to be atomic when it needs the entire set of transactions to succeed for the changes to be reflected in the database. If one of the smaller operations fails, the entire operation will fail. But if all the tasks succeed, the entire operation will succeed and be reflected in the database.
  • Consistency: A database is consistent when the data adheres to the rules and relationships established in the database. Only changes that keep the data in a valid state should be made during a transaction. If the transaction is successful, it changes the database’s valid state to another. If...