Modernizing Currency Exchange Rate Data Integration with Data Lake Technology: A Master Data Management Approach

This thesis explores the application of Data Lake technology in enhancing the integration and management of currency exchange rate data within a global enterprise. The study addresses two critical challenges in the existing solution: inefficient incident management and unclear governance structures....

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Bibliografiset tiedot
Päätekijä: Elfvengren, Patrik
Muut tekijät: Informaatioteknologian tiedekunta, Faculty of Information Technology, Jyväskylän yliopisto, University of Jyväskylä
Aineistotyyppi: Pro gradu
Kieli:eng
Julkaistu: 2025
Aiheet:
Linkit: https://jyx.jyu.fi/handle/123456789/103420
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author Elfvengren, Patrik
author2 Informaatioteknologian tiedekunta Faculty of Information Technology Jyväskylän yliopisto University of Jyväskylä
author_facet Elfvengren, Patrik Informaatioteknologian tiedekunta Faculty of Information Technology Jyväskylän yliopisto University of Jyväskylä Elfvengren, Patrik Informaatioteknologian tiedekunta Faculty of Information Technology Jyväskylän yliopisto University of Jyväskylä
author_sort Elfvengren, Patrik
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description This thesis explores the application of Data Lake technology in enhancing the integration and management of currency exchange rate data within a global enterprise. The study addresses two critical challenges in the existing solution: inefficient incident management and unclear governance structures. By leveraging a Design Science Research Methodology (DSRM), the research develops and evaluates a design for a new Data Lake Currency Rates Solution that utilizes a Data Lake architecture to centralize and streamline the flow of currency rate data. The proposed solution replaces outdated systems and complex integrations with a modern, scalable, and flexible architecture that improves data traceability, validation, and accessibility. Master Data Management (MDM) principles and ITIL-based incident management practices are integrated into the design to ensure data quality, accountability, and operational resilience. Qualitative interviews with key stakeholders validate the effectiveness of the new solution, highlighting improvements in technical clarity, role definition, and support responsiveness. However, the study also identifies the need for clearly defined data ownership and end-to-end solution accountability to fully realize the benefits of the new model. The findings demonstrate that when Data Lake technology is aligned with thought out governance and MDM frame-works it can significantly enhance enterprise data integration processes. This research contributes practical insights for organizations seeking to modernize their data infrastructure and offers a replicable model for managing business-critical financial or market data in complex IT environments.
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spellingShingle Elfvengren, Patrik Modernizing Currency Exchange Rate Data Integration with Data Lake Technology: A Master Data Management Approach Tietojärjestelmätieteen maisteriohjelma Master's Degree Programme in Information Systems
title Modernizing Currency Exchange Rate Data Integration with Data Lake Technology: A Master Data Management Approach
title_full Modernizing Currency Exchange Rate Data Integration with Data Lake Technology: A Master Data Management Approach
title_fullStr Modernizing Currency Exchange Rate Data Integration with Data Lake Technology: A Master Data Management Approach Modernizing Currency Exchange Rate Data Integration with Data Lake Technology: A Master Data Management Approach
title_full_unstemmed Modernizing Currency Exchange Rate Data Integration with Data Lake Technology: A Master Data Management Approach Modernizing Currency Exchange Rate Data Integration with Data Lake Technology: A Master Data Management Approach
title_short Modernizing Currency Exchange Rate Data Integration with Data Lake Technology: A Master Data Management Approach
title_sort modernizing currency exchange rate data integration with data lake technology a master data management approach
title_txtP Modernizing Currency Exchange Rate Data Integration with Data Lake Technology: A Master Data Management Approach
topic Tietojärjestelmätieteen maisteriohjelma Master's Degree Programme in Information Systems
topic_facet Master's Degree Programme in Information Systems Tietojärjestelmätieteen maisteriohjelma
url https://jyx.jyu.fi/handle/123456789/103420 http://www.urn.fi/URN:NBN:fi:jyu-202506115219
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