A Comprehensive Guide to Help You Build a Business Taxonomy
The PoolParty Semantic Suite is regarded as a premium taxonomy and ontology management software by industry publishers such as KMWorld and Gartner. Not only is PoolParty easy-to-use despite its powerful capabilities, it is also a middleware, meaning it is easy to integrate with other taxonomy services such as WAND Inc., a leader in ready-made industry taxonomies.
Business Taxonomy Design: Seven Ways to Start Your Taxonomy Project
Building a business taxonomy from scratch
- What aspect of our business will it be focused on?
- How specific should it be?
- How many levels should it have?
Once these questions have been answered, the taxonomists and information architects can begin to work on selecting the terms and their categories. Since a taxonomy is designed in a hierarchical structure, it is important to define the main categories (referred to as “Broader” categories in the SKOS framework), followed by the narrower categories on the basis of their relationship to the broad ones.
By also employing a bottom-up approach, the team can begin to fill in the gaps by analyzing their content and noticing patterns in the text that may be useful for the taxonomy. Taxonomists can use these terms to create concepts on the individual level, allowing them to define preferred labels, synonyms, and alternative labels.
Card sorting is a friendly, interactive way to establish a business glossary of all the important topics and terms. With PoolParty Card Sorting, the same can be done online using virtual cards and an easy drag/drop functionality. The point of this software is to get people from various backgrounds involved in the process of building a glossary so that their crucial knowledge about the topic is not lost. The tool allows collaborators to suggest, confirm or reject new topics in real-time before it is handed over to the information architects to turn it into a working taxonomy.
PoolParty CardSorting is a collaborative tool that enables you to involve subject-matter experts who usually have little practice with knowledge engineering. It serves as a first step for creating a universal vocabulary among colleagues. Use CardSorting to brainstorm different terms and concepts that pertain to your topic before integrating it into the PoolParty Taxonomy Server.
Importing existing Excel taxonomies
Poolparty Corpus Analysis
The taxonomist can edit the labels within these concepts and approve them before they are added to the hierarchy. A corpus analysis lets you add terms from documents and sources that are already relevant to your enterprise, eliminating the work to think of concepts from scratch.
Harvest Linked Data
Buying ready-to-use Taxonomies
Altogether, the purchase of one or more of these products ensures that time spent building a business taxonomy is dramatically reduced. Since WAND takes a careful hand in refining the specialized taxonomies, users can feel secure that the terms and their hierarchical relations are ready-to-use, with little need for revision.
PoolParty’s partnership with WAND means these taxonomies are seamlessly integrated into PoolParty Thesaurus Server and can be purchased directly from us. In PoolParty, users can continue to revise or add terms to the existing WAND taxonomy so that it fits their precise business language.
WAND’s taxonomies cut a user’s work in half by allowing them to build on top of pre-existing verified taxonomies instead of building from scratch. PoolParty’s taxonomy management software enables users to customize their taxonomies in an intuitive interface, and apply them to additional semantic knowledge models such as ontologies, automated tagging, and knowledge graphs.
Reusing Open Available Taxonomies
Business taxonomy design best practices
When done in a premium taxonomy software like PoolParty Semantic Suite, users have the ability to further develop the taxonomy once it has been created. Additional taxonomies can be purchased from WAND and further concepts can be imported in the taxonomy. The Corpus Analysis, for example, allows the user to continuously extend and improve the taxonomy by adding new terms based on new documents and feeds, and thus closes existing gaps in the vocabulary. PoolParty allows users to build additional knowledge models on top of the taxonomy, so they can benefit from intelligent search engines, recommender systems and rich metadata management, to name a few.