When core business assets are described with context, it means that their purpose, function, and relationship to other assets are clearly understood and available to humans and machines. This helps ensure that the asset is used in the correct way and in the appropriate context, which can help prevent errors or misuse that could lead to negative consequences for the organization. It also ensures that assets can be found by all users (human and machine) at the right time and in the right scenarios.
Similarly, when core business assets are described with meaning, it means that their value and importance to the organization can be measured and understood. This helps ensure that the asset is properly prioritized and allocated resources in a way that supports the organization's overall strategy and objectives.
Furthermore, having core business assets described with context and meaning can also help with decision-making. With a clear understanding of an asset's purpose and value, organizations can make informed decisions about how to allocate resources, prioritize projects, and manage risks.
Overall, having core business assets described with context and meaning is essential for effective information management, and this underpins all contemporary product and business strategies. It helps ensure that these assets are properly utilized and prioritized to support the organization's goals and objectives, and enables informed decision-making that can drive success and growth.
