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  • Writer's pictureShawna Applequist

How Can WAND Business Glossaries Benefit Your Organization?

Glossary: A list of terms or words found in or relating to a specific subject, text, or dialect with explanations.

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Along with our numerous taxonomies, WAND also creates glossaries, but how do glossaries work within your business? A business glossary is a collection of terms and definitions that are used across an organization to ensure consistency and accuracy in communication. It helps to establish a common vocabulary that can be used by employees across departments and functions, and can improve communication and collaboration within the organization.

A business glossary is an essential tool for any organization that aims to improve communication and collaboration among its employees. By providing a common vocabulary that can be used by employees across departments and functions, a business glossary can help to eliminate confusion and misunderstandings that may arise due to the use of different terms to refer to the same thing.

A very simple example of this would be a word like "mouse." What came to mind when you read that word? It probably depends on your context. Some people use the word "mouse" when referring to the fuzzy little rodent from the old Tom and Jerry cartoon. Others say a mouse is the handheld pointing device used to control the graphical user interface of a computer. Both are correct uses of the term, but may lead to confusion in a conversation if they are not properly delineated. While this particular word is unlikely to cause confusion in your business, I am sure you can think of some words your organization is currently using that have been or are causing confusion and hold-ups in productivity.

A well-maintained glossary can also help to reduce the time and effort required to document and communicate information across the organization. It provides clear and concise definitions for key terms, which can be used as a reference point for employees when creating documents or communicating with colleagues. As a result, it can help to increase efficiency and productivity by reducing the time and effort required to complete tasks.

Just imagine how much more efficiently your business may run if you had a glossary built into your systems: new hires or recent employee moves would no longer have to search for the definition of a specific term that may be unfamiliar to them. Instead, the answer to their question could appear right within the document they are reading. This leads to greater employee knowledge and efficiency in work and communication.

Moreover, glossaries can help to support the overall success of the business by ensuring consistency and accuracy in communication, which can help to build trust and credibility with clients and partners. They provide a standard language that can be used when communicating with external stakeholders, which can help to avoid misunderstandings and disputes.

How WAND's Glossaries Work

WAND has put its decades of knowledge in taxonomy development and applied this expertise to the challenge of providing high quality, pre-defined business glossaries. WAND captures the important, measurable, trackable, and traceable elements that may be found in data tables and provides definitions for each.

As it becomes increasingly more difficult to make sense of complex data and govern it in every area of our lives, having a well-managed, pre-defined business glossary is one of the best wats to make your business run efficiently and supply all workers with the same, relevant information and definitions daily. Creating such a product from scratch is an extremely time-consuming task to say the least. This does not need to scare you away from moving toward a business glossary project, however. Using a prebuilt foundation business glossary, like those offered by WAND, can make this project even more attainable. Consider adding a glossary to your company today and reach out to WAND if you would like a live demonstration of our products.

In summary, a business glossary is a valuable asset for any organization that seeks to improve communication, collaboration, efficiency, and productivity. It provides a common vocabulary that can be used across departments and functions, reduces confusion and misunderstandings, and helps to ensure consistency and accuracy in communication. Ultimately, it can support the overall success of the business by building trust and credibility with clients and partners, and you can access an amazing set of terms and definitions created by experts today.


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