Dictionary of Business Terms: update
update
- computerized file maintenance process in an off-line system that applies all necessary transactions against the old file, producing a new file reflecting all adds, deletes, and changes that have become necessary since the last update.
- provide current information to an individual or group of persons, or revise printed information according to the most current information available.
Dictionary of Marketing Terms: update
update
- computerized file maintenance process in an off-line system that applies all necessary transactions against the old file, producing a new file reflecting all adds, deletes, and changes that have become necessary since the last update. It is necessary to update a file before producing any output, to ensure the accuracy and completeness of the output. Most updates are conducted on a regular schedule, corresponding with the required frequency of the output. Regular updates are not necessary for on-line systems that are continuously updated.
- provide current information to an individual or group of persons, or revise printed information according to the most current information available.
