Transaction data
Encyclopedia
Transaction data are data describing an event (the change as a result of a transaction
) and is usually described with verbs. Transaction data always has a time dimension, a numerical value and refers to one or more objects (i.e. the reference data
).
Typical transactions are:
Typical transaction processing system
s (systems generating transactions) are SAP
and Oracle Financials.
. The record of the transaction is stored in a place where the retention can be guaranteed and where data are archived/removed following a retention period
. The format of the transaction can be data (to be stored in a database), but it can also be a document.
, which helps accessibility and analysis of the data.
Transaction processing
In computer science, transaction processing is information processing that is divided into individual, indivisible operations, called transactions. Each transaction must succeed or fail as a complete unit; it cannot remain in an intermediate state...
) and is usually described with verbs. Transaction data always has a time dimension, a numerical value and refers to one or more objects (i.e. the reference data
Reference data
Reference data are data describing a physical or virtual object and its properties. Reference data are usually described with nouns.Reference data is used in data management to define characteristics of an identifier that are used within other data centric processes...
).
Typical transactions are:
- Financial: orders, invoices, payments
- Work: Plans, activity records
- LogisticsLogisticsLogistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
: Deliveries, storage records, travel records, etc.
Typical transaction processing system
Transaction Processing System
A transaction processing system is a type of information system. TPSs collect, store, modify, and retrieve the transactions of an organization. A transaction is an event that generates or modifies data that is eventually stored in an information system. To be considered a transaction processing...
s (systems generating transactions) are SAP
SAP ERP
The SAP ERP application is an integrated enterprise resource planning software manufactured by SAP AG that targets business software requirements of midsize and large organizations in all industries and sectors...
and Oracle Financials.
Records management
Recording and retaining transactions is called records managementRecords management
Records management, or RM, is the practice of maintaining the records of an organization from the time they are created up to their eventual disposal...
. The record of the transaction is stored in a place where the retention can be guaranteed and where data are archived/removed following a retention period
Retention period
The retention period of a document is an aspect of records management. It represents the period of time a document should be kept or "retained". At the termination of the retention period, the document is usually destroyed...
. The format of the transaction can be data (to be stored in a database), but it can also be a document.
Data Warehousing
Transaction data can be summarised in a Data warehouseData warehouse
In computing, a data warehouse is a database used for reporting and analysis. The data stored in the warehouse is uploaded from the operational systems. The data may pass through an operational data store for additional operations before it is used in the DW for reporting.A data warehouse...
, which helps accessibility and analysis of the data.
See also
- Data modelingData modelingData modeling in software engineering is the process of creating a data model for an information system by applying formal data modeling techniques.- Overview :...
- Data architectureData architectureData Architecture in enterprise architecture is the design of data for use in defining the target state and the subsequent planning needed to achieve the target state...
- Information Lifecycle ManagementInformation Lifecycle ManagementInformation Lifecycle Management refers to a wide-ranging set of strategies for administering storage systems on computing devices. Specifically, four categories of storage strategies may be considered under the auspices of ILM.-Policy:...
- reference dataReference dataReference data are data describing a physical or virtual object and its properties. Reference data are usually described with nouns.Reference data is used in data management to define characteristics of an identifier that are used within other data centric processes...