There are three basic types of modeling. Conceptual Data Model describes all entities a business needs information about. It provides facts about real-world things, customers, and other business-related objects and relations.
The goal of creating this data model is to synthesize and store all the data needed to gain an understanding of the whole business. The model is designed for the business audience.
Logical Data Model suits more in-depth data. It describes the structure of data elements, their attributes, and ways these elements interrelate. For instance, the model can be used to identify relationships between customers and products of interest for them. This model is characterized by a high level of clarity and accuracy.
Physical Data Model describes specific data and relationships needed for a particular case as well as the way data model is used in database implementation. It provides a wealth of meta-data and facilitates visualizing the structure of a database. Meta-data can involve accesses, limitations, indexes, and other features.
Click through for the whole story.