Reference Data - Hierarchy determines the strength!
Once upon a time : An old farmer called his sons and told them to break a bundle of sticks.
Plot Explained : Whether the sons will be able to break the sticks/bundle depends mainly upon:
a. thickness/quality of the sticks
b. thickness of the overall bundle
Result : When the sons were not able to break the bundle, [...]
An approach to management of reference Data
The approach can help keeping a consistent reference data repository management in the following ways :-
Defining Essence:The clear definitions of attribute is kept while receiving the data from other systems. This can be defined by the user by mapping the attributes received and attribute definition in the system. While receiving and maintaining the entities into [...]
Making Process Rules available Online!
Making Process Rules available Online!
For sourcing Counterparty information, Financial Analysts(FA’s) or Content teams refer approved Country Process rules to which the counterparty belongs. These Process rules are buried in bulky spreadsheets. Every time there is a change in the rule, relevant spreadsheets have to be modified and there is no audit history of changes. This [...]
Enjoy Picture Perfect Reference Data!
Enjoy Picture Perfect Reference Data!
Last year during my trip to Goa I witnessed people from almost all the corners of the world enjoying natural beauty at its best. Americans, Europeans, Russians, Asia Pac Natives, Mid East people, people from a little known corners of the world, and whoever was there, was watching the scenic beauty [...]