What is data standardization in SAP EIM-MDS - SAP Master Data Services?

SAP Term: data standardization

• Component: EIM-MDS

• Component Name: SAP Master Data Services

• Description: An automated process used to improve the quality of data by means of parsing, correcting, and standardizing names and addresses.

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• Key Concepts: 
  Data standardization is a process used to ensure that data is consistent and accurate across an organization. It involves the use of a set of rules and guidelines to ensure that data is entered in a consistent format, and that it is stored in a consistent manner. This helps to reduce errors and improve the accuracy of data.
  
  How to use it: 
  Data standardization can be used in SAP Master Data Services (EIM-MDS) to ensure that data is consistent across the organization. This can be done by setting up rules and guidelines for how data should be entered, stored, and accessed. Additionally, data standardization can be used to ensure that data is accurate and up-to-date.
  
  Tips & Tricks: 
  When setting up data standardization rules, it is important to consider the needs of the organization. For example, if an organization needs to store customer information in a certain format, then the data standardization rules should reflect this. Additionally, it is important to ensure that the rules are easy to understand and follow.
  
  Related Information: 
  Data standardization is closely related to data governance, which is the process of ensuring that data is managed in a consistent manner across an organization. Additionally, data standardization can be used in conjunction with other processes such as data quality management and master data management.