Define Metadata, Master Data and Transaction Data?

1.	Define Metadata, Master Data and Transaction Data?
Answer» Define Metadata, Master Data and Transaction Data? (1)Metadata:-Metadata will told about the stucture of data or metaobjects. In other we can say that Metadata is data about data. (2)Master Data:-Here data is LIKE key information like we have data of CUSTOMER information, employee and material etc. This is more like a reference data. To understand this we will take a example If a customer orders 10 UNITS of your product instead of asking the customer for his shipping address 10 times, the same can be referenced from the Customer Master Data. (3)Transaction Data:-When we do lots of activity DAY by day these are called transaction data.

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