Importance field in JIRA. Need inputs on the usage and values

Can anyone give some insight on importance field in JIRA. looking for some inputs on how to set it

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This depends on your business requirements.

What importance are we talking about: Issue importance? if yes, you have priorities for that, mainly priority scheme that can be set per project.
What data you need to track with the importance?

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Yes.. Issue Importance. I would like to understand how is it different from priority we set for the issue

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Importance refers to how much weight or significance an action, task, or project holds in terms of achieving goals or impacts. An important task is crucial for success and often relates to long-term outcomes or strategic objectives. Its importance is typically gauged by how critical it is to overall objectives, regardless of time constraints.
Priority, on the other hand, determines the order in which tasks should be executed, based on urgency, deadlines, or available resources. Prioritization helps manage time and resources efficiently by focusing on what needs to be done first. A task's priority might change based on circumstances, unlike its importance which is generally more stable.

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