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What Is Meta Data, Master Data And Transaction Data? |
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Answer» META DATA: Meta Data is data about Data. It tells you about the structure of data or MetaObjects. Master Data: This Data is KEY BUSINESS information like Customer information , Employee , MATERIALS etc. This is more like a reference data. For Ex. If a customer orders 10 units of your product instead of asking customer for his shipping address 10 times , the same can be referenced from the Customer Master Data. Transaction Data: This is data related to day to day transactions. Meta Data: Meta Data is data about Data. It tells you about the structure of data or MetaObjects. Master Data: This Data is key business information like Customer information , Employee , Materials etc. This is more like a reference data. For Ex. If a customer orders 10 units of your product instead of asking customer for his shipping address 10 times , the same can be referenced from the Customer Master Data. Transaction Data: This is data related to day to day transactions. |
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