Computer Efficiency and Consistent Data Structures

This week’s episode of Conversations with Kip deals with the computer efficiencies that can be gained through consistent data structures. Analytical processes typically aggregate or combine data in some way. To understand our spending over time, we have to accumulate spending. If the format of each expense record is different, logic will have to be applied to each one to find the common fields needed … Continue reading Computer Efficiency and Consistent Data Structures

Flipping Personal Financial Management Processes

This week’s episode discusses our personal financial management systems These systems have historically required recording the data after the transaction has occurred. They are independent of the transaction systems, and have always been in a clean up mode, rather than capturing the transactions at inception. What would be the implications of swapping these processes? What if our personal financial management systems recorded the attributes first–which … Continue reading Flipping Personal Financial Management Processes

Data Implications of Allocation Processes

This week I conclude the allocation series by discussion how data at the intersection of cost and target data causes an explosion in data volumes in allocation processes. Last week we discussed this diagram in talking about allocations: One can see how detailed data needs to be accumulated, both costs and activities, to created the basis upon which the allocation is done. And then using … Continue reading Data Implications of Allocation Processes