Clearly describe 10 - 15 individual data flows that are important to your organization's activities. Data flows
Question:
Clearly describe 10 - 15 individual data flows that are important to your organization's activities. Data flows should be described with associated business activities. For example, if your company is a grocery store, sample data flow descriptions might be:
Receipt of produce with associated paperwork. Paperwork generated at central warehouse and included with goods shipped. Paperwork entered into grocery store central computer on receipt of goods. Paperwork includes description of produce, expiry date, refrigeration or storage requirements, suggested retail price.
Sale of merchandise. Scanning at checkout. Scanning records item quantity, price, product number, whether on sale or not, sub-product category (red grapes or green grapes), and in addition to producing a sales slip for the customer, produces an electronic record for the customer's loyalty card and decrements (reduces) the stock on hand to reflect the items sold. Items which fall below a threshold minimum store quantity are flagged for immediate or periodic reorder. Clearly indicate (or draw a diagram) about how each data flow touches on multiple other data flows. In the above example, the other data flows are warehouse, shipping, product tracking, expiry, pricing, loyalty...
4. Now, for each data flow identified above, describe the 6 stages of data collection and use which apply to that data flow (as set out in your slides and the attached "PNG" files entitled "6 stage described" and "6 stage diagram"). The 6 stages are: a. Data Generation: What data do you need? Where are you going to collect the data from? Are you collecting structured, unstructured or both? b. Data Collection & Transmission: What overall process will you use to collect the data? What format will the data come in? Are there any special considerations in transmitting the data to the storage center? c. Data Pre-Processing: What pre-processing will you need to do on the data? Integration? Cleaning? Elimination of Redundant Data? Error Correction? Try to be as specific as possible. What type of security and privacy concerns arise with data transmission? d. Data Storage: What kind of storage system do you need? How does this different between structured and unstructured data? Which parts of ACID (if any) are required? [Bonus - How will you handle the CAP theorem?] e. Data Analysis: What kind of analysis do you plan to do with the data? What kind of tools might you need? What kind of visualization will you need? Don't forget to discuss the difference between analySIS and analyTICS. f. Decision Making: How will decision makers want to receive the data? Dashboards? Visualized? Other methods? To be clear, each of the 10 - 15 data flows you describe should then be thoroughly discussed in the context of a, b, c, d, e, & f above. For each data flow, this discussion (combined from a to f) should be about 75 - 150 words total for all 6 stages together.
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw