This week’s discussion outlines a very effective form of data discovery, but one which I find is not usually employed. It uses financial knowledge to understand the relationship of transactions to balances. This relationship would have been clearly understood by professionals 50 years ago, but has slowly been diminished as we have had more and more computing capacity, which has allowed us to do things in different ways.
However, the fundamental principles apply in most of our financial systems, and can be used to better understand our data, and by extension, our world. This is episode 103 of Conversations with Kip, the best financial system vlog there is.