Answer» - META Data: Meta Data represents data about Data. It provides information about the structure of data, database table objects, etc. For EXAMPLE, ABAP Dictionary will provide information about the data within RDBMS.
- Master Data: Master Data is comprised of whatever an organization does and how it is differently defined over business units or competitors. It helps to ESTABLISH a 360-degree business view.
It consists of key business information such as Customer information, Materials, Employee, etc. This is similar to reference data. For example, if a customer orders 5 units of your product, rather than 5 times asking the customer for SHIPPING address, it can be referenced from the Customer Master Data. - Transaction Data: Transaction data consists of data related to day-to-day transactions. For example, the DAILY production details related to material, getting of materials, daily transactions, etc.
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