DATA WAREHOUSING ARCHITECTURE AND IMPLEMENTATION FOR ENHANCED FINANCIAL REPORTING: A SYSTEMATIC REVIEW

Authors

  • Bharath Kumar Gaddam Campbellsville University, USA. Author

Keywords:

Financial Data Warehousing, Regulatory Compliance Analytics, ETL Process Optimization, Real-time Financial Reporting

Abstract

This article presents a comprehensive analysis of data warehousing architectures and implementations specifically designed for financial reporting systems. The article examines the evolution, current state, and future trends of data warehousing in financial institutions, focusing on architectural components, implementation frameworks, and business intelligence integration. Through detailed analysis of system design principles, performance optimization techniques, and regulatory compliance requirements, we demonstrate how modern data warehouses can effectively support complex financial reporting needs while ensuring data quality and security. The article highlights critical success factors in implementing financial data warehouses, including dimensional modeling techniques, ETL processes, and integration patterns with existing systems. Our findings indicate that organizations implementing robust data warehousing solutions achieve significant improvements in reporting efficiency, decision-making capabilities, and regulatory compliance. The article also explores emerging technologies such as cloud computing, artificial intelligence, and blockchain, and their potential impact on future data warehouse architectures. This article contributes to both theoretical understanding and practical implementation of data warehousing solutions in financial institutions, providing valuable insights for practitioners and researchers in the field of financial technology and data management.

References

José Ferreira et al., "Building an Effective Data Warehousing for Financial Sector” https://arxiv.org/pdf/1709.05874

Yew, Olive & Bill, John & Yadav, Rahul. (2021). “Financial data Discrepancy in Data Warehousing Financial data Discrepancy in Data Warehousing”. https://www.researchgate.net/publication/356392522_Financial_data_Discrepancy_in_Data_Warehousing_Financial_data_Discrepancy_in_Data_Warehousing

Burgos, Diego & Kranas, Pavlos & Jimenez-Peris, Ricardo & Mahíllo, Juan. (2022). “Architectural Patterns for Data Pipelines in Digital Finance and Insurance Applications” 10.1007/978-3-030-94590-9_3. https://link.springer.com/chapter/10.1007/978-3-030-94590-9_3

PwC. "Key considerations and best practices for financial modelling infrastructure” https://www.pwc.in/ghost-templates/key-considerations-and-best-practices-for-financial-modelling-infrastructure.html

Frendi, Mohamed & Salinesi, Camille. (2003). “Requirements Engineering for Data Warehousing”. https://www.researchgate.net/publication/2932536_Requirements_Engineering_for_Data_Warehousing

Oracle. "Use Case Pattern for Modern Data Warehouse"; https://www.oracle.com/database/technologies/datawarehouse-bigdata/adw-patterns-mdw.html

Adeleke, Adams & Sanyaolu, Temitope & Efunniyi, Christianah & Akwawa, Lucy & Azubuko, Francisca. (2024). ` API integration in FinTech: Challenges and best practices. 10.51594/farj.v6i8.1506. https://fepbl.com/index.php/farj/article/view/1506

databricks.”Real-Time Analytics” https://www.databricks.com/glossary/real-time-analytics

Ponnusamy, Sivakumar. (2023). “Evolution of Enterprise Data Warehouse: Past Trends and Future Prospects”. International Journal of Computer Trends and Technology. 71. 1-6. 10.14445/22312803/IJCTT-V71I9P101. https://www.ijcttjournal.org/archives/ijctt-v71i9p101

Downloads

Published

2024-11-27

How to Cite

Bharath Kumar Gaddam. (2024). DATA WAREHOUSING ARCHITECTURE AND IMPLEMENTATION FOR ENHANCED FINANCIAL REPORTING: A SYSTEMATIC REVIEW. INTERNATIONAL JOURNAL OF COMPUTER ENGINEERING AND TECHNOLOGY (IJCET), 15(6), 751-759. https://mylib.in/index.php/IJCET/article/view/IJCET_15_06_062