The document discusses the challenges organizations face with talent management due to 'competency chaos', where disparate definitions and implementations of competencies lead to inefficiencies in decision-making processes. It emphasizes the need for a cohesive competency strategy to ensure that talent management systems provide accurate data for effective decisions, ultimately linking talent management to business outcomes. To overcome these obstacles, organizations must focus on defining competencies clearly, integrating them into systems, and maintaining governance to drive better performance and value realization from their HR technology investments.