Taxonomic reference data involves categorizing and organizing data to enable structured access and retrieval. It facilitates content classification, allowing for efficient multi-level navigation, which is essential for Business Intelligence (BI) activities. By organizing data into a taxonomy, users can easily locate and analyze information, supporting better decision-making processes in BI.
References:
DMBOK (Data Management Body of Knowledge), 2nd Edition, Chapter 11: Reference & Master Data Management.
DAMA-DMBOK Functional Framework, Function: Reference & Master Data Management.
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