29 March 2024

Data Management: Data (Notes)

Disclaimer: This is work in progress intended to consolidate information from various sources. 
Last updated: 29-Mar-2024

Data

  • {definition} raw, unrelated numbers or entries that represent facts, concepts,  events,  and/or associations 
  • categorized by
    • domain
      • {type} transactional data
      • {type} master data
      • {type} configuration data
        • {subtype}hierarchical data
        • {subtype} reference data
        • {subtype} setup data
        • {subtype} policy
      • {type} analytical data
        • {subtype} measurements
        • {subtype} metrics
        • {subtype} 
    • structuredness
      • {type} structured data
      • {type} semi-structured data
      • {type} unstructured data
    • statistical usage as variable
      • {type} categorical data (aka qualitative data)
        • {subtype} nominal data
        • {subtype} ordinal data
        • {subtype} binary data
      • {type} numerical data (aka quantitative data)
        • {subtype} discrete data
        • {subtype} continuous data
    • size
      • {type} small data
      • {type} big data
  • {concept} transactional data
    • {definition} data that describe business transactions and/or events
    • supports the daily operations of an organization
    • commonly refers to data created and updated within operational systems
    • support applications that automated key business processes 
    • usually stored in normalized tables
  • {concept} master data
    • {definition}"data that provides the context for business activity data in the form of common and abstract concepts that relate to the activity" [2]
      • the key business entities on which transaction are executed
    • the dimensions around on which analysis is conducted
      • used to categorize, evaluate and aggregate transactional data
    • can be shared across more than one transactional applications
    • there are master data similar to most organizations, but also master data specific to certain industries 
    • often appear in more than one area within the business
    • represent one version of the truth
    • can be further divided into specialized subsets
    • {concept} master data entity
      • core business entity used in different applications across the organization, together with their associated metadata, attributes, definitions, roles, connections and taxonomies 
      • may be classified within a hierarchy
        • the way they describe, characterize and classify business concepts may actually cross multiple hierarchies in different ways
          • e.g. a party can be an individual, customer, employee, while a customer might be an individual, party or organization
    • do not change as frequent like transactional data
      • less volatile than transactional data 
      • there are master data that don’t change at all 
        • e.g. geographic locations
    • strategic asset of the business 
    • needs to be managed with the same diligence as other strategic assets
  • {concept} metadata 
    • {definition} "data that defines and describes the characteristics of other data, used to improve both business and technical understanding of data and data-related processes" [2]
      • data about data
    • refers to 
      • database schemas for OLAP & OLTP systems
      • XML document schemas
      • report definitions
      • additional database table and column descriptions stored with extended properties or custom tables provided by SQL Server
      • application configuration data
  • {concept} analytical data
    • {definition} data that supports analytical activities 
      • e.g. decision making, reporting queries and analysis 
    • comprises
      • numerical values
      • metrics
      • measurements
    • stored in OLAP repositories 
      • optimized for decision support 
      • enterprise data warehouses
      • departmental data marts
      • within table structures designed to support aggregation, queries and data mining 
  • {concept} hierarchical data 
    • {definition} data that reflects a hierarchy 
      • relationships between data are represented in hierarchies
    • typically appears in analytical applications
    • {concept} hierarchy
      • "a classification structure arranged in levels of detail from the broadest to the most detailed level" [2]
      • {concept} natural hierarchy
        • stem from domain-based attributes
        • represent an intrinsic structure of the dat
          • they are natural for the data
            • e.g. product taxonomy (categories/subcategories)
        • useful for drilling down from a general to a detailed level in order to find reasons, patterns, and problems
          • common way of analyzing data in OLAP applications
          • common way of filtering data in OLTP applications
      • {concept} explicit hierarchy
        • organize data according to business needs
        • entity members can be organized in any way
        • can be ragged
          • the hierarchy can end at different levels
      • {concept} derived hierarchy
        • domain-based attributes form natural hierarchies 
        • relationships between entities must already exist in a model
        • can be recursive
  • {concept} structured data
    • {definition} "data that has a strict metadata defined"
  • {concept} unstructured data 
    • {definition} data that doesn't follow predefined metadata
    • involves all kinds of documents 
    • can appear in a database, in a file, or even in printed material
  • {concept} semi-structured data 
    • {definition} structured data stored within unstructured data,
    • data typically in XML form
      • XML is widely used for data exchange
    • can appear in stand-alone files or as part of a database (as a column in a table)
    • useful when metadata (the schema) changes frequently, or there’s no need for a detailed relational schema
References:
[1] The Art of Service (2017) Master Data Management Course 
[2] DAMA International (2011) "The DAMA Dictionary of Data Management", 

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