Methods and systems for assessing data quality

Methods and systems for assessing data quality

Methods and systems for assessing data involve, collecting samples of data elements from a database storing a population of data elements representing attributes of each numerous different financial transactions. Critical data elements from the collected samples are determined. Data quality rules ar...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Joyce, Harold Ian, Gray, Don, Jugulum, Rajesh, Brzozowski, Kenneth, Ramachandran, Rajalakshmi, Granese, Robert A, Singh, Jagmeet
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
ELECTRIC DIGITAL DATA PROCESSING
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Zusammenfassung:Methods and systems for assessing data involve, collecting samples of data elements from a database storing a population of data elements representing attributes of each numerous different financial transactions. Critical data elements from the collected samples are determined. Data quality rules are built and data dimensions are calculated for the critical data elements. A quality of data within the critical data elements for different data quality dimensions is monitored. Critical data elements that produce a high number of outliers are identified and causes for the outliers are identified. Thereafter, a corrective action plan to address a solution for the causes for the outliers may be developed and executed.