Taxonomy & Thesaurus Management
Every day we generate vast amounts of structured and unstructured data, whether it’s through a purchase transaction on our cell phone, a search query, or saving a document to the cloud. Because of this, enterprises are continually looking for effective tools that not only help to store and organize data, but also help to optimize search, analytics and recommendation services. With the help of these tools, organizations and their employees are not only able to leverage knowledge more effectively along their processes, but they also benefit from easy access to information and the ability to make better data-driven decisions within their businesses.
Enterprises that rely on convoluted spreadsheets and standard document sharing systems will no longer be able to compete with agile companies that are using intelligent methods of organizing their knowledge and data.
Taxonomy management is the first step in achieving structured knowledge and data management based on an interoperable semantic framework.
Taxonomy management helps companies find and make sense of the right information when it is needed. This ensures that both company employees and their customers find the information they need in the shortest possible time. This will allow enterprises to not only confidently tackle data governance, but it also allows organizations to further scale their businesses intelligence with the use of state-of-the-art artificial intelligence, ensuring that their connected data can provide intelligent answers which enterprises can depend on.
“by 2024, companies using graphs and semantic approaches for natural language technology (NLT) projects will have 75% less AI technical debt than those that don’t.”
Gartner, Inc: ‘Predicts 2020: Artificial Intelligence — the Road to Production’ (Anthony Mullen et al, December 2019)
What is a Taxonomy?
Libraries would be of little use if they were unable to organize and catalog books. The same is true for business data. Business information is of very little value to an enterprise unless it is organized into a logical framework that allows for its retrieval or analysis.
Creating a taxonomy based on a standard like SKOS is a great way to make accumulated knowledge more accessible and reusable. If you organize and index your content and data using a taxonomy, you’ll subsequently find what you really need. Taxonomies help users quickly move from general topics to specific subcategories to find more specific information. A taxonomy will also allow you to explore your company’s knowledge by moving from a specific topic up to a more inclusive topic, or sideways to related topics, even when you don’t know exactly what you are looking for.
PoolParty Taxonomy & Thesaurus Server is a first-class system for the development and maintenance of your semantic knowledge models. PoolParty is the perfect tool to reduce the time, labor, and potential inconsistencies involved in creating and maintaining a taxonomy. It allows users to import, merge, and modify existing taxonomies (e.g., from Excel sheets), and also automatically generate taxonomies custom-tailored for their data.
PoolParty can also analyze a text and then automatically assign it to a place in the taxonomy. It also gives users the option to manually override or modify the resulting classification. Our software is also extremely easy to integrate into content management, DAM, or other enterprise information management systems.
The advantages of using PoolParty for Taxonomy Management:
- PoolParty excels in usability. Minimum training for knowledge engineers required.
- The taxonomist can concentrate on the conceptual work. PoolParty streamlines the operative tasks around knowledge management.
- PoolParty uses text mining algorithms so that taxonomies can be created semi-automatically based on corpus analysis and machine learning.
- PoolParty is easy-to-use. Cooperation with subject matter experts not specialized in information architecture becomes easy and creates valuable synergy effects.
- All resulting work will be based on open Semantic Web standards. You will avoid expensive lock-in effects and be able to reuse many existing taxonomies from different industries.
- You can integrate PoolParty easily into your existing IT-infrastructure and produce results fast.
- The taxonomist achieves visible results and progress fast.
“A semantic knowledge graph can be used to power data management tasks such as data integration in helping automate a lot of redundant and recurring activities.”