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

Handling missing financial reporting data with AI

In this section, we will use ChatGPT to help us understand what our sample Excel files contain and check for any outliers, missing values, and data inconsistencies. We will be using datasets created specifically for this section to get more appreciation for this tool’s capabilities. The steps are as follows:

  1. Create a new chat using the Data Analysis GPT, as shown in Figure 10.34. As an alternative, you may use the Advanced Data Analysis feature (using GPT-4), as shown in Figure 10.13.
    Figure 10.34 – Using the Data Analysis GPT

    Figure 10.34 – Using the Data Analysis GPT

Note

If you can’t access the Data Analysis GPT from the Explore section in the sidebar, you may use this link: https://chat.openai.com/g/g-HMNcP6w7d-data-analysis.

  1. Load the 2022 Transactions.xlsx, Products.xlsx, and Sales Price.xlsx files and type this prompt:
    Please examine the contents of these three files and provide information as to...