Final answer:
Reference data is essential to the organization as it helps remediate data issues, classify and create hierarchies, and find governance processes for data maintenance.
Step-by-step explanation:
Reference data is often essential:
- Remediate with data issues
- Classify and create hierarchies around the data
- Find the governance processes required to maintain the data
For example, in an organization, reference data can be used to identify and resolve data quality problems, organize and structure the data for efficient retrieval, and establish the necessary rules and procedures to ensure data governance.