Transactional Data

Transactional data refers to the information generated from specific events or transactions, such as purchases, sales, or services. It typically includes details like the date and time, amount spent, items purchased, and payment methods. For example, when you buy groceries, the receipt contains transactional data that can be analyzed to understand spending habits, inventory levels, or customer preferences. This type of data is essential for businesses as it helps them make informed decisions, improve customer experience, and optimize operations based on actual behavior and trends.