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

Exploring the best practices when using ledger databases

In this chapter, we covered a lot of important concepts on how QLDB retains a comprehensive and verifiable record of modifications made over time. This capability enhances the ledger’s transparency and maintains its data integrity. In this section, we will look at the best practices when working with ledger databases. They are as follows:

  • Data structure: Implement a data structure that fits your needs. Organize and design the tables in a way that makes it easy to search for and retrieve data efficiently.
  • Immutability: Since QLDB is immutable and contains a verifiable history of all the changes, make use of this capability to maintain data integrity and traceability.
  • Querying: There are some constraints concerning querying the data in QLDB. These must be taken into consideration when writing queries for optimal performance.
  • Cost management: Make sure you have a good understanding of how QLDB pricing...