Layer - Code Lists

Code lists are an important part of data exchange. A code list is a controlled vocabulary of standardized values used to describe data elements consistently across and between organization. Code lists typically consist of a list of codes, each representing a specific value or localized attributes.

Code lists can be used to ensure consistency in the way data is collected, processed, and analyzed across the entire value network. They are commonly used in industries such as finance, healthcare, and government where accurate and consistent data is critical.

For example, a code list might be used to standardize product codes or service codes within an organization. This can help to prevent errors caused by inconsistent or inaccurate data, and can facilitate data sharing and analysis between different systems and departments within the organization.

In MDM, code lists are typically managed as part of a larger data governance framework, and may be subject to formal approval and review processes to ensure accuracy and consistency over time.