Why Use A Taxonomy Management Tool?

This question was recently asked and addressed in a community online forum that my colleagues and I participate in quite frequently. It occurred to me that though it seems like a simple question with an even simpler answer to those of us who live, breathe and eat this stuff every day – it certainly bears revisiting.

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A New Page in Warfare

When tanks first rolled onto the field of battle, the soldiers watched and knew that war would never be the same. When planes and submarines began to fly far above or lurk deep in the sea, people knew that the old ways were about to change. These paradigm shifts on the landscape of war trumpeted their arrival and everyone knew that another dog of war had entered the fight. But then, a new front appeared out of the blue.

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Using Taxonomies to Create Business Opportunities

The economics of the Web have reversed the original business model for online information upon which businesses like LexisNexis and Dialog were built. Through those services, users paid up to $4 for individual articles from daily newspapers that originally cost 25 cents on the newsstand. That model is obviously dead today, where the cost of an individual article – even articles from leading trade magazines and scholarly journals – is effectively zero. Does that mean that publishers, aggregators, and other content owners should police the Web to insure their content is not freely distributed? Not at all – one needs only look at the recent case of Wikileaks to see that it will be impossible to keep any content from showing up freely on the Web. As they say, the Genie is already out of the bottle, so the only logical step is figuring out how to make money in the current environment. This is where taxonomies can add value – by enabling the creation of new information products that connect disparate pieces of content with high-value applications and new markets.

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A Well-Constructed Thesaurus

A thesaurus is a special type of controlled vocabulary, which is itself a list of specifically selected terms to represent a set of concepts – concepts described in an electronic collection of documents, podcasts, captioned photos, emails, or other types of content.

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