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Master Data & Reference Data
Master Data is the key data for transactional systems such as ERP, SCM, MES and also for analytical systems like EDW, Big Data as well.
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Set of data that describes core entities of business
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Consist of Identifier(ID) and Content (Attributes)
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Used in multiple heterogeneous systems
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Static and slowly changing data e.g. Product, Raw Material, Asset, Facility, Location, Organization, etc.
Reference data is data that define the set of permissible values to be used by other data properties.
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Consist of ID and Name (description)
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List of permissible values
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Code data for the accuracy and efficiency of business communications.
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Value of Business Category
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