Reference Data

Reference data refers to a set of standardized information used across systems and organizations to ensure consistency and accuracy. Examples include codes for countries, currencies, or product categories. This data remains relatively stable over time and provides a common framework for data management and analysis. By using reference data, different departments or systems can understand and categorize information uniformly, reducing errors and improving efficiency. It acts as a trusted reference point, supporting accurate decision-making and smooth data integration across various processes.