Transactional Data

What are Transactional Data?

Definition and meaning of Transactional Data

Transactional Records are facts imMediately derived as a result of transactions.

Unlike different sorts of facts, transactional records incorporates a time dimension which means that there is timeliness to it and through the years, it turns into much less relevant.

Rather than being the Object of transactions just like the product being purchased or the identification of the customer, it is Greater of a reference inFormation describing the time, location, prices, fee Methods, Discount values, and portions associated with that specific transaction, normally on the Point of Sale.

What Does Transactional Data Mean?

Transactional records describes an inner or outside Event which takes area as the corporation conducts commercial enterprise and can be monetary, logistical or any commercial enterprise-related Procedure regarding sports consisting of purchases, requests, coverage claims, deposits, withdraws, and many others.

Transactional facts guide ongoing commercial enterprise operations and are blanketed inside the information and alertness structures that are used to automate an Business enterprise’s key business procedures which include On-Line Transaction Processing (OLTP) sySTEMs.

It is grouped with its associated and references master records inclusive of product statistics and billing resources.

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