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LexisNexis Launches Taxonomy Initiative


LexisNexis not only has all the data you need, it can help you organize it too.

Earlier this week the news and business information services provider announced the launch of a taxonomy program aimed at helping companies organize unstructured content. Teams of "expert consultants" will be on hand to help firms "centralize, classify, and organize" their information.

The firm estimates that poor classification of enterprise data can cost a 10,000 member organization approximately $10 million annually, while security experts say that storing identity data with LexisNexis could cost significantly more (just kidding guys).

Seriously though, this is an example a company realizing of the enormous monetary potential in tagging and taxonomy creation, even if it is more corporate and structured than free form and user-controlled.


Posted by RM at June 9, 2005 10:57 AM

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lexisnexis | taxonomy | tagging | content management



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