Transaction data or transaction information is a category of
data
Data ( , ) are a collection of discrete or continuous values that convey information, describing the quantity, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols that may be further interpreted for ...
describing
transactions. Transaction data/information gather variables generally referring to
reference data
Reference data is data used to classify or categorize other data. Typically, they are static or slowly changing over time.
Examples of reference data include:
* Units of measurement
* Country codes
* Corporate codes
* Fixed conversion rates e.g. ...
or
master data – e.g. dates, times, time zones, currencies.
Typical transactions are:
*
Financial transactions
A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. ...
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 information management, management of information in an organization throughout its records life-cycle, life cycle, from the time of ...
. 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 or a type of data store based on the use of a database management system (DBMS), the software that interacts with end users, applications, and the database itself to capture and ana ...
and
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 ce ...
, or handwritten texts in physical documents like former
bankbooks.
Transaction processing systems
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 operati ...
are
application software
Application software is any computer program that is intended for end-user use not operating, administering or programming the computer. An application (app, application program, software application) is any program that can be categorized as ...
that generate transactions and manage transaction data/information, e.g.
SAP 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 Business intelligence, reporting and data analysis and is a core component of business intelligence. Data warehouses are central Re ...
, 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. It may be applied as part of broader Model-driven engineering (MDE) concept.
Overview
Data modeli ...
*
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 d ...
*
Information lifecycle management, process of administering digital data storage and applying policies for effective information management
Data management
Transaction processing
References
{{compsci-stub