Taxonomy

Taxonomy refers to the structured classification and organization of data elements related to products. It involves creating a systematic framework that categorizes various product attributes, features, and characteristics. A well-defined taxonomy allows businesses to analyze and understand product performance, customer preferences, and market trends effectively. By labeling and grouping product data in a coherent manner, companies can derive meaningful insights, make informed decisions, and optimize their product strategies to better meet customer needs and drive success in the market.