Managed Metadata gives organizations the capability of using a common terminology across the enterprise. When properly utilized, Managed Metadata will contain the language a company speaks. There are many terms that refer to a base term and Managed Metadata does the work of standardizing the "slang" of a company.
An example of this is the term North America. It is referred to as NA, United States, or Canada. Set up properly, the base term can be NA, but any of the aforementioned terms can be put in by the user.
All of this data is saved in what is called a Term Store. The Term Store as we have seen in previous recipes is a repository where that data is stored and configured.
In order for users to leverage this data, it must be input somewhere at the site level as a function of metadata. This is done via content types, document libraries, and lists.
This recipe will show how to add a managed metadata column in a list.
