Taxonomy and your Business: Rapid Fire Facts
Companies that have taxonomies are 250% more likely to have users that are satisfied or very satisfied with search.*
Taxonomies give an organization a basis for structuring information consistently which improves operational efficiencies and increases information asset utilization.
Companies without taxonomies tend to have users who are dissatisfied with their ability to find and use information*
Taxonomies increase the chance of getting the right information for any given search query*
Lack of appropriate tags is the second largest barrier stopping users from finding information*
Information organization (information architecture, taxonomies and tagging) is the second highest priority for investment in 2013 and 2014.*
Taxonomy serves as a common vocabulary for an organization to use when applying metadata to content.
Inconsistency in tagging content is the fifth largest barrier stopping users from finding information.*
In an independent survey, 78% of respondents believe finding the right information is critical or imperative to the organization’s overall success and business goals.*
“Without a Taxonomy, the classification of information becomes arbitrary and inconsistent across different applications and user groups”*
The WAND Taxonomy Library Portal is the only source for professionally built taxonomies covering nearly every industry vertical segment and business functional area.
Access to the WAND Taxonomy Library Portal can shave 6-9 months off an enterprise taxonomy project.
*Enterprise Search and Findability Report, Findwise, 2013/2014