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 chapter, we discussed how to manage data integrity issues with BI tools. At the beginning, we learned how to ensure we have consistent data type formats in our working files. Then, we covered data profiling features such as column quality, column distribution, and column profiling. After that, we worked out how to cleanse the data. In addition to this, we learned how to identify data outliers as well as how to manage relationships in data models. Lastly, we went through how to deal with large financial datasets using data validation. We have explored really powerful techniques and concepts in this chapter. You should be feeling confident about what you have learned, knowing that you can use these techniques whenever you need to clean the data prior to analysis.

The topics in the next chapter will be pretty exciting! We will continue our journey with these BI tools and cover how to implement best practices!