Description: Transaction data are records that capture the details of transactions made within a system, whether in financial, commercial, or service contexts. This data includes information such as the date and time of the transaction, the amount involved, the participants, the payment methods used, and other relevant details that allow for thorough tracking of each operation. The importance of transaction data lies in its ability to provide a clear and accurate view of business activities, facilitating informed decision-making. Additionally, this data is essential for analyzing behavioral patterns, detecting fraud, and optimizing processes. In the context of data mining, predictive analytics, and machine learning, transaction data becomes a valuable source for extracting insights and trends that can influence business strategies and enhance customer experience. Its structure may vary, but it is generally organized in databases or data warehouses that allow for quick and efficient access for subsequent analysis.
