Transactional Data
Transactional data refers to the information that is generated as a result of business transactions such as sales, purchases, orders, and payments. This data is typically stored in databases and is used to support operational processes such as inventory management, financial reporting, and customer service. Transactional data is characterized by its high volume, velocity, and variety, and is often used in conjunction with other types of data such as customer data and product data to gain insights into business performance and customer behavior. In data science, transactional data is used to build predictive models and to identify patterns and trends that can inform business decisions.
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