What is component of an installed base in SAP CRM-MD - Master Data?

SAP Term: component of an installed base

• Component: CRM-MD

• Component Name: Master Data

• Description: Individual element of an installed base at the customers, which can be referred to in business processes. A component always has a specific component type, for example, product, another installed base, individual object, text item. Additional components can be assigned to a component within an installed base.

Smart SAP Assistant

• Key Concepts: 
  A component of an installed base is a specific piece of software that is part of a larger system. In the case of SAP, a component of an installed base is a CRM-MD Master Data module. This module is used to store and manage customer data, such as contact information, product preferences, and sales history. 
  
  How to use it: 
  The CRM-MD Master Data module can be used to store and manage customer data in an organized manner. This data can then be used to create reports and analyze customer behavior. Additionally, the module can be used to create targeted marketing campaigns based on customer preferences and past purchases. 
  
  Tips & Tricks: 
  When using the CRM-MD Master Data module, it is important to ensure that all customer data is up-to-date and accurate. Additionally, it is important to regularly review the data in order to identify any potential issues or discrepancies. 
  
  Related Information: 
  The CRM-MD Master Data module is part of the SAP Customer Relationship Management (CRM) suite of products. Other modules in this suite include Sales, Service, and Marketing. Additionally, the CRM-MD Master Data module can be integrated with other SAP products such as ERP and HANA.