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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., weight, temperature, and length * Calendar structure and constraints Reference data sets are sometimes alternatively referred to as a "controlled vocabulary" or "lookup" data. Reference data differs from master data. While both provide context for business transactions, reference data is concerned with classification and categorisation, while master data is concerned with business entities. A further difference between reference data and master data is that a change to the reference data values may require an associated change in business process to support the change, while a change in master data will always be managed as part of existing business processes. For example, adding a new customer or sales product is part of the standard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Data
In the pursuit of knowledge, data (; ) is a collection of discrete values that convey information, describing quantity, quality, fact, statistics, other basic units of meaning, or simply sequences of symbols that may be further interpreted. A datum is an individual value in a collection of data. Data is usually organized into structures such as tables that provide additional context and meaning, and which may themselves be used as data in larger structures. Data may be used as variables in a 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 raw facts and figures which can be used in such a manner in order to capture the useful information out of i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Business Process
A business process, business method or business function is a collection of related, structured activities or tasks by people or equipment in which a specific sequence produces a service or product (serves a particular business goal) for a particular customer or customers. Business processes occur at all organizational levels and may or may not be visible to the customers. A business process may often be visualized (modeled) as a flowchart of a sequence of activities with interleaving decision points or as a process matrix of a sequence of activities with relevance rules based on data in the process. The benefits of using business processes include improved customer satisfaction and improved agility for reacting to rapid market change. Process-oriented organizations break down the barriers of structural departments and try to avoid functional silos. Overview A business process begins with a mission objective (an external event) and ends with achievement of the business objectiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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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 Orac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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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, locations ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Enterprise Bookmarking
Enterprise bookmarking is a method for Web 2.0 users to tag, organize, store, and search bookmarks of both web pages on the Internet and data resources stored in a distributed database or fileserver. This is done collectively and collaboratively in a process by which users add tag (metadata) and knowledge tags. In early versions of the software, these tags are applied as non-hierarchical keywords, or terms assigned by a user to a web page, and are collected in tag clouds. Examples of this software are Connectbeam and Dogear. New versions of the software such as Jumper 2.0 and Knowledge Plaza expand tag metadata in the form of knowledge tags that provide additional information about the data and are applied to structured and semi-structured data and are collected in tag profiles. History Enterprise bookmarking is derived from Social bookmarking that got its modern start with the launch of the website del.icio.us in 2003. The first major announcement of an enterprise bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Master Data Management
Master data management (MDM) is a technology-enabled discipline in which business and information technology work together to ensure the uniformity, accuracy, stewardship, semantic consistency and accountability of the enterprise's official shared master data assets. Drivers for master data management Organisations, or groups of organisations, may establish the need for master data management when they hold more than one copy of data about a business entity. Holding more than one copy of this master data inherently means that there is an inefficiency in maintaining a " single version of the truth" across all copies. Unless people, processes and technology are in place to ensure that the data values are kept aligned across all copies, it is almost inevitable that different versions of information about a business entity will be held. This causes inefficiencies in operational data use, and hinders the ability of organisations to report and analyze. At a basic level, master data ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Master Data
Master data represents "data about the business entities that provide context for business transactions". The most commonly found categories of master data are parties (individuals and organisations, and their roles, such as customers, suppliers, employees), products, financial structures (such as ledgers and cost centers) and locational concepts. Master data should be distinguished from reference data. While both provide context for business transactions, reference data is concerned with classification and categorisation, while master data is concerned with business entities. Master data is, by its nature, almost always non-transactional in nature. There exist edge cases where an organization may need to treat certain transactional processes and operations as "master data". This arises, for example, where information about master data entities, such as customers or products, is only contained within transactional data such as orders and receipts and is not housed separately ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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ISO 3166-1
ISO 3166-1 (''Codes for the representation of names of countries and their subdivisions – Part 1: Country codes'') is a standard defining codes for the names of countries, dependent territories, and special areas of geographical interest. It is the first part of the ISO 3166 standard published by the International Organization for Standardization. It defines three sets of country codes: * ISO 3166-1 alpha-2 – two-letter country codes which are the most widely used of the three, and used most prominently for the Internet's country code top-level domains (with a few exceptions). * ISO 3166-1 alpha-3 – three-letter country codes which allow a better visual association between the codes and the country names than the alpha-2 codes. * ISO 3166-1 numeric – three-digit country codes which are identical to those developed and maintained by the United Nations Statistics Division, with the advantage of script ( writing system) independence, and hence useful for people or sy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Master Data
Master data represents "data about the business entities that provide context for business transactions". The most commonly found categories of master data are parties (individuals and organisations, and their roles, such as customers, suppliers, employees), products, financial structures (such as ledgers and cost centers) and locational concepts. Master data should be distinguished from reference data. While both provide context for business transactions, reference data is concerned with classification and categorisation, while master data is concerned with business entities. Master data is, by its nature, almost always non-transactional in nature. There exist edge cases where an organization may need to treat certain transactional processes and operations as "master data". This arises, for example, where information about master data entities, such as customers or products, is only contained within transactional data such as orders and receipts and is not housed separately ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Data Management Association
The Data Management Association (DAMA), formerly known as the Data Administration Management Association, is a global not-for-profit organization which aims to advance concepts and practices about information management and data management. It describes itself as vendor-independent, all-volunteer organization, and has a membership consisting of technical and business professionals. Its international branch is called ''DAMA International'' (or ''DAMA-I''), and DAMA also has various continental and national branches around the world. History The Data Management Association International was founded in 1980 in Los Angeles. Other early chapters were:San Francisco, Portland, Seattle, Minneapolis, NewYork, and Washington D.C. Data Management Body of Knowledge DAMA has published the Data Management Body of Knowledge (DMBOK), which contains suggestions on best practices and suggestions of a common vernacular for enterprise data management. The first edition (DAMA-DMBOK) was published ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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Calendar
A calendar is a system of organizing days. This is done by giving names to periods of time, typically days, weeks, months and years. A date is the designation of a single and specific day within such a system. A calendar is also a physical record (often paper) of such a system. A calendar can also mean a list of planned events, such as a court calendar or a partly or fully chronological list of documents, such as a calendar of wills. Periods in a calendar (such as years and months) are usually, though not necessarily, synchronized with the cycle of the sun or the moon. The most common type of pre-modern calendar was the lunisolar calendar, a lunar calendar that occasionally adds one intercalary month to remain synchronized with the solar year over the long term. Etymology The term ''calendar'' is taken from , the term for the first day of the month in the Roman calendar, related to the verb 'to call out', referring to the "calling" of the new moon when it was fi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |