A workspace is a container that holds one or more models and their associated user interfaces, rules, and data. A workspace enables you to create and manage multiple versions of your configurator frameworks in Configurator Cloud1. The following statements are true about workspaces:
An effective date must be specified when you create a workspace. The effective date determines when the workspace becomes active and available for use. You can specify a past, present, or future date for the effective date2.
You can edit both the workspace name and description. You can change the name and description of a workspace at any time, as long as the workspace is not locked by another user. The name must be unique within the Configurator Cloud instance2.
While creating a workspace, the name must be unique. You cannot create a workspace with a name that already exists in the Configurator Cloud instance. The name must be alphanumeric and can include spaces and special characters2.
Reference:
Overview of Workspaces
Create Workspaces