There is a "change tracking" feature, but it is not possible to do rollbacks (at least out of the box, see below). Its main purpose is to find out who did what change - and when. Basically, when you log every change (which could degrate performance), you could read this data and perform a rollback. But you'd have to write such an application yourself, and make sure that no other application has access to the repository during rollback.
In addition, only content changes are recorded, changes to the data model will be a problem.
So far, archiving the repository seems to be the best way...
I do'nt think that SAP MDM provides the facility to roll-back to older versions of data. Plz note that just like DBMS, MDM also stores transactional master data and not historical data as a Data Warehouse.
Keeping an archiving is the best way as of now to store your earlier master data versions and move to this version.
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