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
Records management, also known as records and information management, is an organizational function devoted to the management of information in an organization throughout its life cycle, from the time of creation or receipt to its eventual dispos ...
. 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
In computing, a database is an organized collection of data stored and accessed electronically. Small databases can be stored on a file system, while large databases are hosted on computer clusters or cloud storage. The design of databases spa ...
and
spreadsheets, or handwritten texts in physical documents like former
bankbooks.
Transaction processing systems are
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 ...
that generate transactions and manage transaction data/information, e.g.
SAP
Sap is a fluid transported in xylem cells (vessel elements or tracheids) or phloem sieve tube elements of a plant. These cells transport water and nutrients throughout the plant.
Sap is distinct from latex, resin, or cell sap; it is a separ ...
and
Oracle Financials.
Data warehousing
Transaction data can be summarised in a
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 integra ...
, which helps accessibility and analysis of the data.
See also
*
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 sup ...
*
Data architecture
*
Information lifecycle management
Data management
Transaction processing
References
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