How the Absence of a Taxonomy Impacts Organizations and Market Intelligence System

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Taxonomy Collection
How the Absence of a Taxonomy Impacts
Organizations
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Table of Contents

• Introduction
• Organizations are living organisms
• How the absence of a taxonomy impacts
  organizations
• Urgencies, emergencies, and knee-jerk responses
  to events
• Mistrust, politics, and CYA
• Communication break-down
• Growth challenges
• Conclusions and takeaways

3
Introduction

• Organizations are not like machines

4
Introduction
Organizations are not like machines.

• Since the time of Henry Ford and through the
  remainder of the Industrial Age organizations
  were viewed as a machine, where separate
  components perform various functions in a
  pre-defined, constrained and static manner.
• In the present business landscape, every industry
  is unique in its stance and the environment is
  challenging for everyone.
• The increasing complexity and speed of change in
  todays business environment is forcing
  organizations to evolve and adapt faster.
• Therefore, it will be a mistake to view
  organizations as machines.
• Just like living beings, those organizations
  which evolve, survive.

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Organizations are living organisms

• Information systems are their central nervous
  systems

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Information systems are central nervous systems
of an organization
Taxonomy is the foundational pillar of an
information system.

• When humans were evolving, communication helped
  them to survive
• It helped them in various tasks like protecting
  themselves from a threat, availability of food
  and other opportunities to survive and thrive.
• In the context of organizations also, the same
  principle of efficient communication enables
  successful organizations with a consistent
  vocabulary (taxonomy) to prevail over the
  competition.
• Taxonomy plays a pivotal role in building
  efficient information system that enables
  effortless flow of information from one function
  to the other.

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How the Absence of a Taxonomy Impacts
Organizations

• Urgencies, emergencies, and knee-jerk responses
  to events
• Mistrust, politics, and CYA
• Communication break-down
• Growth challenges

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Emergencies
1

• Often caused by poor decisions.
• Unavailability of helpful information.
• Issues in storage of relevant information.
• Disarranged storage of important information.
• Drainage of time and bandwidth in searching for
  already captured information.
• Makes organizations less competitive.

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Mistrust Politics
2

• Existence of different versions of truth about
  things that matter like external market forces or
  internal capabilities.
• Limitation on information available.
• A lot of time is wasted in arguments and
  discussions.
• Wastage of resources and bandwidth in irrelevant
  reports to prove points.
• Making organizations less competitive.

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No Communication
3

• Different sourcing of information.
• Lack of consensus.
• Different derivatives from the same information.
• Gaps in understanding.
• Leading to working in silos.
• Inefficiencies in filtering and use of
  information.
• This dysfunctional information system makes
  organizations less responsive and less
  competitive.

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Growth Challenges
4

• New individuals sense the disconnect and face
  challenges in interpretating the same information
  by different means.
• Reduction of team productivity due to working in
  silos.
• Seniors have no time to train individuals and
  share information and knowledge with them.
• This limits individual as well as organizational
  growth making it less competitive.

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Conclusions and takeaways
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Key takeaways

• Organizations that are oriented to achieving
  better growth can jump such obstacles in their
  path by being mindful about information systems.
• When information is organized using taxonomies,
  it enables a seamless connection between the user
  and the information.
• Therefore, organizing information in a structured
  and machine-readable format lays the foundation
  for advanced AI-enabled information systems and
  other digital transformation initiatives.
• This upgrades the vision of the organization and
  enhances its chances of competitive growth.

Any obstruction in the flow of information
affects the health of various organs of the
organization.
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