If SDP – MSP is installed as the Enterprise Edition, will i be able to switch back to Professional Edition? What will happen to the data stored in the Database?

The Product Edition will be based on the License that is applied on product installation. After installing the application as Enterprise Edition it is possible to revert back to the Professional Edition (by applying License from the User Interface).
Moving from Enterprise to Professional version would mean the removal of the following Modules: Problem, Change, Service Catalog and CMDB. However, any data that was added in these modules will still be intact in the Database, though the product has been downgraded.

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