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

Summary

In this final chapter, we discussed how we can utilize AI for data quality management. At the start, we covered what AI is as well as its applications in finance. After that, we worked on hands-on examples to detect anomalies in financial transactions using a generative AI solution called ChatGPT. We gained an appreciation of how we can use this tool to produce similar results as we did in previous chapters. Then, we dived deeper into how we can use this tool to find missing data entries and values in our transactions and correct them. Lastly, we discussed the best practices to make the most out of AI-powered tools and solutions for data integrity.

Congratulations on finishing this book! I hope you found this to be an incredible journey considering we’ve covered different practical solutions to address various data integrity issues and challenges. If there are areas or topics that are unfamiliar to you, feel free to go back and review them again. At the same time...