Compliance can be a tricky term. Too often we forget that the work we do is not a given, that every decision to spend time, money and resources on compliance must be balanced against both the value of doing so and the risk of not. This interesting news came to us from CMS Wire in their article, “Compliance Is a Business Decision.”

When it comes to records retention, to quantify the costs and the benefits of compliance, the first step is to identify the specific regulations, laws, standards and more that are applicable for your organization. Doing so allows you to identify tangible requirements and the tangible responses that will enable you to meet them.

Ultimately it is about finding the balance between compliance and value. Often disciplines or professions will create template taxonomies to facilitate standards-based indexing and classification of information for future findability.

Access Innovations has extensive experience in constructing taxonomies for academic publishers and business – large and small. They are one of a very small number of companies able to help its clients generate ANSI/ISO/W3C-compliant taxonomies and associated rule bases for machine-assisted indexing to improve findability.

Melody K. Smith

Sponsored by Access Innovations, the world leader in thesaurus, ontology, and taxonomy creation and metadata application.