What does 'Data' represent in the context of electronic transactions?

In the context of electronic transactions, 'Data' encompasses both human-readable and machine-readable information because it is critical for effective processing and communication in digital environments. This duality ensures that data can be accessed, interpreted, and manipulated by different systems and users.

The representation of data as both human-readable and machine-readable is essential in electronic transactions, as it allows for seamless interaction between users (who benefit from human-readable formats) and systems or applications (which utilize machine-readable formats). For example, transaction records may be displayed in a way that is easily understood by users while simultaneously being encoded in a format that software applications can process efficiently.

This comprehensive understanding of data is crucial for maintaining clarity and functionality in electronic transactions, as it highlights the importance of ensuring that information is both accessible to users and structured in a way that technology can engage with effectively.