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transactional data

Contributor(s): Matthew Haughn

Transactional data, in the context of data management, is the information recorded from transactions

A transaction, in this context, is a sequence of information exchange and related work (such as database updating) that is treated as a unit for the purposes of satisfying a request. Transactional data can be financial, logistical or work-related, involving everything from a purchase order to shipping status to employee hours worked to insurance costs and claims.

As a part of transactional records, transactional data is grouped with associated master data and reference data. Transactional data records a time and relevant reference data needed for a particular transaction record. 

 

This was last updated in July 2013 ???publishDate.suggestedBy???

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