- Reference data
Reference data are data describing a physical or virtual object and its properties.fact|date=April 2008 Reference data are usually described with nouns.fact|date=April 2008
Typical reference data are:
* Physical: products, material, assets, customers, locations
* Virtual: cost centers, planned buildingsReference data can change over time via transactions (described in
transaction data ). E.g. a logistical transaction can change the location of an object, a financial transaction like adding tax can change the price of an object and a series of work transaction can change a virtual object like a planned building into a physical object.Master reference data
A special type of reference data is master reference data - these are reference data shared over a number of systems. Some master reference data are universal (like the list of Countries) and can be covered by a global standard (in this case
ISO 3166-1 ).Master data and Master reference data
Master reference data are sometimes called Master data. This usage of the term Master data should be avoided,fact|date=April 2008 since Master data is also the term used for original data, like an original recording (see also:
Master Tape ).ee also
*
Data modeling
*Master Data Management
*Data architecture
*Transaction data
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