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

Introduction to AI

Remember the image shown in Figure 10.1 from Chapter 1, Recognizing the Importance of Data Integrity in Finance? You might be surprised that this image is AI-generated!

Figure 10.1 – The wolf hidden among the sheep

Figure 10.1 – The wolf hidden among the sheep

Here, the wolf hidden among the sheep symbolizes the subtle yet potentially catastrophic effects of data integrity issues. If you were to upload this image to an AI-powered solution such as ChatGPT, you would be amazed that it would be able to flag an anomaly in the uploaded image:

The image you've uploaded seems to depict a field teeming with sheep. However, upon closer inspection, there is a notable anomaly: amidst the sheep, there is a wolf. The wolf stands out because of its distinct appearance, which contrasts with the sheep. This inclusion of a wolf in a flock of sheep could be an intentional choice for a visual puzzle or to create a humorous effect, as wolves are predators of sheep and not typically seen...