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

Using Artificial Intelligence for Finance Data Quality Management

Congratulations! You’ve made it to the last chapter of this book! In this chapter, we will be covering artificial intelligence (AI) and how various AI-powered solutions and techniques can address data integrity issues. Consider a scenario where a large dataset containing sales transactions has missing or incorrect details. Instead of fixing these data integrity issues manually, we will explore how we can use AI to automatically identify these discrepancies, suggest potential changes, and even perform necessary corrections. Exciting, right?

That said, these are the topics that we will cover:

  • Introduction to AI
  • Applications of AI in finance
  • Detecting anomalies in financial transaction data
  • Handling missing financial reporting data with AI
  • Best practices when using AI for data integrity management

By the end of this chapter, you will have a better understanding of what AI-powered...