Operational Data vs. Analytical Data: Understanding the Key Differences and Business Impact
"Operational Data vs. Analytical Data: Understanding the Key Differences and Business Impact" emphasizes the importance of distinguishing between operational and analytical data to optimize business operations and strategic planning. Operational Data refers to real-time, transactional information generated from daily business activities. This data is continuously updated and is crucial for immediate decision-making and process execution. Key characteristics include: Real-time Capture : Data is recorded as transactions occur, ensuring up-to-date information. Transactional Nature : Encompasses activities like order processing, inventory updates, and customer interactions. High Volume, Low Complexity : Typically structured data stored in databases, facilitating quick access and processing. Short-term Relevance : The immediacy of the data diminishes over time as it serves immediate operational needs. Functional Usage : Supports daily business function...