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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.
Read MoreA 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.
Read More10 Reasons To Resolve To Create A Taxonomy For Your Business In 2011
Just in time for New Year’s, we have compiled a list of 10 reasons for companies to resolve to create a taxonomy for their business in 2011. Because many businesses are unsure about how a taxonomy could benefit them, we believe offering some actual examples will be useful.
Read MoreTaxonomy’s Third Wave
I’ve heard it mentioned several times recently that “Taxonomies are hot again,” which leads to a couple of questions, namely, What is causing this renewed popularity? and, Why did they ever stop being “hot?”
Read MoreDo our customers make buying decisions or purchasing decisions?
One of the problems of information management, as represented by both Master Data Management and Metadata Registry efforts, is a confusion of terms. Have we always referred to “purchasing decisions” or has there been a shift in terms with the merger or the change in management or simply a cultural evolution so that now we’re talking about “buying decisions”.
Read MoreMaster Data Management
There’s a lot of discussion lately about Master Data Management; what it is and isn’t. Why is this of interest to the taxonomy practitioner? To a large extent a controlled vocabulary is trying to accomplish the same thing at the conceptual level as MDM is at the data level. MDM removes ambiguity at the data level through a variety of means as described in the item referenced in the above link. The how and why of MDM can provide valuable insight into the data workings of an organization. This can lead to a much more powerful enterprise taxonomy – one that can truly span the vast store of enterprise content. An MDM initiative is an ideal place to insert a taxonomic strategy and implementation. Making the business case for a taxonomy initiative, getting it funded, approved, and implemented will be easier if you can align yourself with an MDM initiative. An MDM deployment to succeed must analyze and potentially process all of an organizations data stores. Resolving data and structural ambiguities is also a great time to resolve conceptual ambiguities.
Read MoreData Harmony Users to Preview New Features, Options at 2011 Meeting
Users of DataHarmony software from Access Innovations will have the opportunity to preview new features and options, train on how to get the most from the knowledge management software suite, learn from case studies throughout the globe, and discuss their experiences and challenges during the Seventh Annual Data Harmony Users Group (DHUG) meeting February 7-10, 2011 at Access Innovations, 4725 Indian School Road NE, in Albuquerque, New Mexico. The meeting will also feature a special seminar entitled “The Theory of Knowledge” presented by Marjorie Hlava, president of Access Innovations.
Read MoreMaster Data Management and Taxonomies
November 22, 2010 – At the recent Data Content conference in Philadelphia, put on by InfoCommerce Group, Managing Director Scott Taylor gave a presentation on the challenges and opportunities of Master Data Management (MDM). MDM is usually defined as data management that addresses the need to avoid maintaining multiple versions of singular entities within content stores. In practical…
Read MoreCelebrating 15 Years of Dublin Core
In Pittsburgh, in conjunction with ASIS&T’s recent annual meeting, the Dublin Core Metadata Initiative (DCMI) celebrated the 15th anniversary of the Dublin Core metadata standards. DCMI describes itself as “an open organization engaged in the development of interoperable metadata standards that support a broad range of purposes and business models. DCMI’s activities include work on architecture and modeling, discussions and collaborative work in DCMI Communities and DCMI Task Groups, annual conferences and workshops, standards liaison, and educational efforts to promote widespread acceptance of metadata standards and practices.”
Read MoreRepositioning Information Science
One of the sessions I attended while at the 2010 meeting of the American Society for Information Science and Technology (ASIS&T) in Pittsburgh recently was presented by Michael Buckland, Fidelia Ibekwe-Sanjuan, and Kiersten Latham. This interesting session was actually three coordinated presentations that individually and together questioned the accepted view of information science as an emerging, scientific discipline closely tied with information technology and, mainly, textual data.
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