Machine Readable functionalities refers to the ability to have data or instructions (such as that stored in a bar code, written in magnetic ink, or recorded digitally on a disk) that can be read through an electronic device (such as a laser scanner, magnetic stripe reader, or disk drive) for interpretation and manipulation by a computer.

It is the authoritative, most accurate data that is available about key business entities, used to establish the context for business transactions and transactional data.

Reference Doc: Master Data Policy

Data that defines and describes the characteristics of other data, used to improve both business and technical understanding of data and data-related processes.

Reference Doc: EIRA

The enabler for digital-ready policies. A multidisciplinary team is described as a group of people with complementary skills who are committed to a common purpose, performance goals and approach, for which they hold themselves mutually accountable.