Key Data Element (KDE) is a specific piece of data that is considered important or essential for a particular purpose. It represents core data points that help identify, track, or analyse something important.
KDEs in trade and logistics are the bill of lading’s number, container ID, and a shipment’s date. In finance, KDEs are transaction amount, account number, and payment status.
KDEs ensure accuracy and consistency in data management, help in compliance with regulations (for example, in trade, finance, etc.), improve efficiency in tracking and reporting.