The need to classify and categorize corporate information has never been greater. The proliferation of information channels, sources and delivery platforms make managing information a complex business challenge. The issue is further compounded by the fact that, due to the increasing speed of business, information is growing at a rate that far surpasses standard institutional frameworks and controls. Information continues to be recognized as a key source of competitive advantage, and there is an increasing need for the business worker to access relevant information in a timely manner. Information by its very nature is dynamic. Therefore, attempting to set boundaries will result in a cumbersome way to control the flow of information. The key to managing this information is to develop a way to identify, classify and categorize enterprise information. This categorization allows for effective management of content throughout the information lifecycle: capture, storage, retrieval, archival and disposal. The most common way to associate structure around information is to develop and implement a corporate taxonomy.
What is Taxonomy?
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