Business Taxonomy - Foundation for agility
The organization of knowledge gives mutual understanding.
This agility is the result of ensuring that business processes, workflows, and communications between business groups move freely and efficiently, fostering inspiration. Business taxonomy is the foundation for efficiency and collaboration improvements. It provides organizational concepts, content categorization and relationships that set an organization’s pace for improving information organization, access, find ability, and reuse. These improvements lead to reducing costs for delivering services, developing products, and conducting operations.
Business taxonomy is becoming increasingly important to organizations looking for methods to manage the unprecedented and growing amount of information that they produce.