Data & DMI
From Data Usage to Critical Data Element
Domain: Data & DMIScenario: a customer makes a digital payment and receives a transaction notification.
Educational simulation using a fictional, generic scenario. Organisations use their own approved data management frameworks.
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Data journey
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Business Process
A customer makes a digital payment and receives a transaction notification. What data does this business process depend on?
Foundation · Recommended starting point
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What data does this process depend on? Pick an element
What is it?
Value of the payment.
Where is it used?
Posting, notification, reconciliation and reporting.
Why does it matter?
Directly drives customer and financial outcomes.
If it's wrong
Incorrect balance, reconciliation break, financial discrepancy.
Start with the business process, not the database. Ask what the process is trying to achieve and which decisions or customer outcomes depend on it.
Public Sources & Further Reading
External references for further learning. Content on this page is original educational interpretation.
- Regulator · APRACPG 235 Managing Data RiskTopic: Data risk, quality and controls · Last reviewed 2026-10-07
- Official industry source · BCBSPrinciples for effective risk data aggregation and risk reporting (BCBS 239)Topic: Lineage and data aggregation · Last reviewed 2026-10-07
- Industry body · DAMA InternationalDAMA-DMBOKTopic: Metadata, quality and governance · Last reviewed 2026-10-07