Within the Corporate Information Factory, what data is used to understand transactions?

In the context of the Corporate Information Factory, understanding transactions involves integrating various types of data to get a comprehensive view. Master Data (core business entities), Reference Data (standardized information), and External Data (information sourced from outside the organization) are essential for providing context and enriching transactional data.

References:

DAMA-DMBOK: Data Management Body of Knowledge (2nd Edition), Chapter 3: Data Architecture and Chapter 11: Reference and Master Data Management.

"Building the Data Warehouse" by W.H. Inmon, which introduces the Corporate Information Factory concept.