One of the most vital functions of any managed metadata environment (MME) is to provide the technical architecture and processes to manage corporate knowledge. All corporations strive to become more intelligent. To attain a competitive advantage, a business needs its IT systems to manage more than just its data; they must manage knowledge (that is, metadata). As a corporation's IT systems mature, they progress from collecting and managing data to collecting and managing knowledge. Knowledge is a company's most valuable asset, and an MME is the key technological backbone for managing a company's corporate knowledge.1
George Bernard Shaw once said, "The greatest problem in communication is the illusion that it has been accomplished." Executives often do not realize how neglecting to properly manage the company's knowledge (metadata) can negatively affect their bottom-line profits, or they are under the illusion that proper communication and understanding are occurring. This couldn't be further from the truth.
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