Transactional Data

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What Does Transactional Data Mean?

Transactional data are information directly derived as a result of transactions.

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Unlike other sorts of data, transactional data contains a time dimension which means that there is timeliness to it and over time, it becomes less relevant.

Rather than being the object of transactions like the product being purchased or the identity of the customer, it is more of a reference data describing the time, place, prices, payment methods, discount values, and quantities related to that particular transaction, usually at the point of sale.

Techopedia Explains Transactional Data

Transactional data describes an internal or external event which takes place as the organization conducts business and can be financial, logistical or any business-related process involving activities such as purchases, requests, insurance claims, deposits, withdraws, etc.

Transactional data support ongoing business operations and are included in the information and application systems that are used to automate an organization’s key business processes such as online transaction processing (OLTP) systems.

It is grouped with its associated and references master data such as product information and billing sources.

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Margaret Rouse
Editor

Margaret jest nagradzaną technical writerką, nauczycielką i wykładowczynią. Jest znana z tego, że potrafi w prostych słowach pzybliżyć złożone pojęcia techniczne słuchaczom ze świata biznesu. Od dwudziestu lat jej definicje pojęć z dziedziny IT są publikowane przez Que w encyklopedii terminów technologicznych, a także cytowane w artykułach ukazujących się w New York Times, w magazynie Time, USA Today, ZDNet, a także w magazynach PC i Discovery. Margaret dołączyła do zespołu Techopedii w roku 2011. Margaret lubi pomagać znaleźć wspólny język specjalistom ze świata biznesu i IT. W swojej pracy, jak sama mówi, buduje mosty między tymi dwiema domenami, w ten…