Preferences are the standard mechanism for configuring applications. Use the Preferences option to manage operation-level configuration data such as timeouts, retries for communicating with other systems, and thread pool sizes.
You can add applications and preference nodes. You can import the node information from an XML file, which contains the application name, path of the node, and preference keys and values. When you import data, it is added to the node path that is defined in the XML file.