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Transaction Data
Transaction data, or transaction information, constitute a category of data describing transactions. Transaction data/information gather variables generally referring to reference data or master data – e.g. dates, times, time zones, currencies. Typical transactions are: * Financial transactions about orders, invoices, payments; * Work transactions about plans, activity records; * Logistic transactions about deliveries, storage records, travel records, etc.. Management Recording and storing transactions is called records management. The record of the transaction is stored in a place where the retention can be guaranteed and where data is archived or removed following a retention period. Formats of recorded transactions can be digital data in databases and spreadsheets, or handwritten texts in physical documents like former bankbooks. Transaction processing systems are application software that generate transactions and manage transaction data/information, e.g. SAP and Oracle ...
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Data
In the pursuit of knowledge, data (; ) is a collection of discrete Value_(semiotics), values that convey information, describing quantity, qualitative property, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols that may be further interpretation (logic), interpreted. A datum is an individual value in a collection of data. Data is usually organized into structures such as table (information), tables that provide additional context and meaning, and which may themselves be used as data in larger structures. Data may be used as variable (research), variables in a computation, computational process. Data may represent abstract ideas or concrete measurements. Data is commonly used in scientific research, economics, and in virtually every other form of human organizational activity. Examples of data sets include price indices (such as consumer price index), unemployment rates, literacy rates, and census data. In this context, data represents the ...
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Bankbook
A passbook or bankbook is a paper book used to record bank or building society transactions on a deposit account. Traditionally, a passbook was used for accounts with a low transaction volume, such as savings accounts. A bank teller or postmaster would write the date, amount of the transaction and the updated balance and enter his or her initials by hand. In the late 20th century, small dot matrix or inkjet printers were introduced that were capable of updating the passbook at the account holder's convenience, either at an automated teller machine or a passbook printer, either in a self-serve mode, by post, or in a branch. History Passbooks appeared in the 18th century, allowing customers to hold transaction information in their own hands for the first time. Until then, transactions were recorded in ledgers at the bank only, so customers had no history of their own deposits and withdrawals. The passbook, which was around the size of a passport, ensured that customers had c ...
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Data Architecture
Data architecture consist of models, policies, rules, and standards that govern which data is collected and how it is stored, arranged, integrated, and put to use in data systems and in organizations. Data is usually one of several architecture domains that form the pillars of an enterprise architecture or solution architecture. Overview A data architecture aims to set data standards for all its data systems as a vision or a model of the eventual interactions between those data systems. Data integration, for example, should be dependent upon data architecture standards since data integration requires data interactions between two or more data systems. A data architecture, in part, describes the data structures used by a business and its computer applications software. Data architectures address data in storage, data in use, and data in motion; descriptions of data stores, data groups, and data items; and mappings of those data artifacts to data qualities, applications, locatio ...
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Data Modeling
Data modeling in software engineering is the process of creating a data model for an information system by applying certain formal techniques. Overview Data modeling is a process used to define and analyze data requirements needed to support the business processes within the scope of corresponding information systems in organizations. Therefore, the process of data modeling involves professional data modelers working closely with business stakeholders, as well as potential users of the information system. There are three different types of data models produced while progressing from requirements to the actual database to be used for the information system.Simison, Graeme. C. & Witt, Graham. C. (2005). ''Data Modeling Essentials''. 3rd Edition. Morgan Kaufmann Publishers. The data requirements are initially recorded as a conceptual data model which is essentially a set of technology independent specifications about the data and is used to discuss initial requirements w ...
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Data Warehouse
In computing, a data warehouse (DW or DWH), also known as an enterprise data warehouse (EDW), is a system used for reporting and data analysis and is considered a core component of business intelligence. DWs are central repositories of integrated data from one or more disparate sources. They store current and historical data in one single place that are used for creating analytical reports for workers throughout the enterprise. The data stored in the warehouse is uploaded from the operational systems (such as marketing or sales). The data may pass through an operational data store and may require data cleansing for additional operations to ensure data quality before it is used in the DW for reporting. Extract, transform, load (ETL) and extract, load, transform (ELT) are the two main approaches used to build a data warehouse system. ETL-based data warehousing The typical extract, transform, load (ETL)-based data warehouse uses staging, data integration, and access laye ...
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Oracle Financials
Oracle Applications comprise the applications software or business software of the Oracle Corporation both in the cloud and on-premises. The term refers to the non-database and non-middleware parts. The suite of applications includes enterprise resource planning, enterprise performance management, supply chain & manufacturing, human capital management, and advertising and customer experience. Oracle initially launched its application suite with financials software in the late 1980s. By 2009, the offering extended to supply chain management, human-resource management, warehouse-management, customer-relationship management, call-center services, product-lifecycle management, and many other areas. Both in-house expansion and the acquisition of other companies have vastly expanded Oracle's application software business. In February 2007, Oracle released Oracle E-Business Suite (EBS/e-BS) Release 12 (R12)a bundling of several Oracle Applications. The release date coincided with new ...
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SAP ERP
SAP ERP is an enterprise resource planning software developed by the German company SAP SE. SAP ERP incorporates the key business functions of an organization. The latest version of SAP ERP (V.6.0) was made available in 2006. The most recent SAP enhancement package 8 for SAP ERP 6.0 was released in 2016. It is now considered legacy technology, having been superseded by SAP S/4HANA. Functionality Business Processes included in SAP ERP are: * Operations (Sales & Distribution, Materials Management, Production Planning, Logistics Execution, and Quality Management), * Financials (Financial Accounting, Management Accounting, Financial Supply Chain Management), * Human Capital Management (Training, Payroll, e-Recruiting) and * Corporate Services (Travel Management, Environment, Health and Safety, and Real-Estate Management). Development An ERP was built based on the former SAP R/3 software. SAP R/3, which was officially launched on 6 July 1992, consisted of various applic ...
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Application Software
Application may refer to: Mathematics and computing * Application software, computer software designed to help the user to perform specific tasks ** Application layer, an abstraction layer that specifies protocols and interface methods used in a communications network * Function application, in mathematics and computer science Processes and documents * Application for employment, a form or forms that an individual seeking employment must fill out * College application, the process by which prospective students apply for entry into a college or university * Patent application, a document filed at a patent office to support the grant of a patent Other uses * Application (virtue), a characteristic encapsulated in diligence * Topical application A topical medication is a medication that is applied to a particular place on or in the body. Most often topical medication means application to body surfaces such as the skin or mucous membranes to treat ailments via a large range ...
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Transaction Processing System
Transaction processing is a way of computing that divides work into individual, indivisible operations, called transactions. A transaction processing system (TPS) is a software system, or software/ hardware combination, that supports transaction processing. History The first transaction processing system was SABRE, made by IBM for American Airlines, which became operational in 1964. Designed to process up to 83,000 transactions a day, the system ran on two IBM 7090 computers. SABRE was migrated to IBM System/360 computers in 1972, and became an IBM product first as '' Airline control Program (ACP)'' and later as '' Transaction Processing Facility (TPF)''. In addition to airlines TPF is used by large banks, credit card companies, and hotel chains. The Hewlett-Packard NonStop system (formerly Tandem NonStop) was a hardware and software system designed for ''Online Transaction Processing (OLTP)'' introduced in 1976. The systems were designed for transaction processing and provid ...
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Spreadsheets
A spreadsheet is a computer application for computation, organization, analysis and storage of data in tabular form. Spreadsheets were developed as computerized analogs of paper accounting worksheets. The program operates on data entered in cells of a table. Each cell may contain either numeric or text data, or the results of formulas that automatically calculate and display a value based on the contents of other cells. The term ''spreadsheet'' may also refer to one such electronic document. Spreadsheet users can adjust any stored value and observe the effects on calculated values. This makes the spreadsheet useful for "what-if" analysis since many cases can be rapidly investigated without manual recalculation. Modern spreadsheet software can have multiple interacting sheets and can display data either as text and numerals or in graphical form. Besides performing basic arithmetic and mathematical functions, modern spreadsheets provide built-in functions for common financial ac ...
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Transaction Processing
Transaction processing is information processing in computer science that is divided into individual, indivisible operations called ''transactions''. Each transaction must succeed or fail as a complete unit; it can never be only partially complete. For example, when you purchase a book from an online bookstore, you exchange money (in the form of credit) for a book. If your credit is good, a series of related operations ensures that you get the book and the bookstore gets your money. However, if a single operation in the series fails during the exchange, the entire exchange fails. You do not get the book and the bookstore does not get your money. The technology responsible for making the exchange balanced and predictable is called transaction processing. Transactions ensure that data-oriented resources are not permanently updated unless all operations within the transactional unit complete successfully. By combining a set of related operations into a unit that either completely s ...
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