Tuesday, May 24, 2016

Introducing the WAND Facilities Management Taxonomy

Today we are releasing a brand new taxonomy designed specifically for businesses that also have facilities management needs: The WAND Facilities Management Taxonomy.

In this taxonomy of 604 categories and 325 synonyms are terms relating to all areas of Facilities Management including Maintenance and Repairs, Housekeeping, Sustainability Management, and Facilities Services.

You'll also find terms relating to Safety and Security, Policies and Procedures, Documents, and Facility Inspections and Testing.

The WAND Facilities Management Taxonomy

provides a strong foundation of terms and can be customized to include additional terms related to a specific type of facility.

As with all WAND Taxonomies, the WAND Facilities Management Taxonomy is available by itself or as part of the WAND Taxonomy Library Portal.

Thursday, May 12, 2016

WAND releases its new Hospitality Taxonomy

The hospitality industry, including travel and tourism, makes up nearly 10% of the global economic GDP.  Today we are releasing a brand new taxonomy designed specifically for the businesses in this space: The WAND Hospitality Taxonomy.

Included in this taxonomy of 1,127 terms and 354 synonyms are the various types of Travel, Lodging, Dining and Entertainment that are a part of the hospitality experience.

You'll also find terms relating to Guests including Reservations, Guest Information, and Customer Loyalty Programs. Hospitality Policies, Protocols and Procedures.

The release of this taxonomy fills a major industry gap in our taxonomy library and furthers WAND's mission of having a relevant pre-built taxonomy for every business sector.

The WAND Hospitality Taxonomy can be customized to meet the needs of any specific business in the hospitality industry.  Another WAND Taxonomy that fits nicely with the Hospitality Taxonomy is the WAND Customer Service Taxonomy

As with all WAND Taxonomies, the WAND Hospitality Taxonomy is available by itself or as part of the WAND Taxonomy Library Portal.

Wednesday, May 4, 2016

Announcing the WAND eCommerce Taxonomy Portal

WAND's business philosophy is that our pre-built taxonomies help organizations jump-start the development of their own high-quality taxonomies.   Instead of starting from scratch, WAND Taxonomies provide a solid starting point that can simply be customized.  This helps our clients save months in their taxonomy development process and reduces frustration because it is significantly easier to edit and revise a taxonomy than create one from scratch.  

We are proud to announce we now bring this same approach to the product taxonomy market with the the launch of the WAND eCommerce Taxonomy Portal.  The WAND eCommerce Taxonomy Portal is the fastest way to create a product taxonomy for retailers, procurement, MDM, distributors, manufacturers, and anybody who deals with product specifications.

With the new WAND eCommerce Taxonomy Portal, clients can access:

  • Library of over 44,000 pre-defined, product category specific attribute templates that are ready-to-be-customized for your specific requirements (from our flagship WAND Product and Service Taxonomy)
  • Pre-defined category hierarchies that can be used to jump-start a tree
  • 70,000+ pre-defined attributes
  • 261,000+ pre-defined attribute values
  • Intuitive drag and drop tree editor
  • Custom Attribute anad attribute value creation
  • Simple to create new categories and link them to a pre-defined WAND template
  • Import and edit existing taxonomies
  • Optional attribute inheritance
  • Attribute re-ordering
  • Data export into a wide variety of common formats that can import directly into common product information management tool and ecommerce engines.
The WAND eCommerce Taxonomy Portal is a revolutionary tool for the product taxonomy space.  Learn more about this new product at our website where you can see screenshots, a short video demo, product summaries, and a new WAND white paper called "The Importance of Product Taxonomy"

Tuesday, April 19, 2016

Major Update: The WAND Finance and Investment Taxonomy

We have recently updated, and expanded, our WAND Finance and Investment Taxonomy.  

There are the incremental updates that you would expect to find along with some rather large additions to complete the area of Investment Banking.

We have included Investment Banking Services and terms relating to Front Office, Middle Office and Back Office Services.  We have also added a section of Financial Instrument Design Features as well as a section of Finance and Investment Documents.

We've also add processes that go into Equities and Sales Trading, IPOs, Mergers and Acquisitions, and Underwriting that are also important to Finance and Investment Firms.

The areas of Financial Intermediaries, Markets and Exchanges, Asset Valuation Methods, Benchmark Interest Rates, and Asset Types have all been updated.

This taxonomy now has 2,428 terms and 1,563 synonyms

You'll still find Financial Crimes in this taxonomy along with Regulations and Regulating Bodies.  We have added a new Securities Holding and Clearing Organizations section.

The WAND Finance and Investment Taxonomy can be customized to include specific terms to meet the needs of any Investment Firm.

As with all WAND Taxonomies, the WAND Finance and Investment Taxonomy is available by itself or as part of the WAND Taxonomy Library Portal.

Thursday, March 10, 2016

How to import a WAND Taxonomy into conceptClassifier

Concept Searching is a provider of a taxonomy management and automatic tagging solution called conceptClassifier.  

Since conceptClassifier tags documents based upon a taxonomy, WAND Taxonomies provide a great starting point to do tagging in conceptClassifier.  Basically, WAND Taxonomies jump-start the development of your taxonomy, and conceptClassifier jump-starts tagging your documents.

After you've read this post, if you want to learn more about how to use WAND Taxonomies and conceptClassifier together, please attend our joint webinar called Reduce your taxonomy deployment time from months to weeks on March 15.

In today's post, we want to show how easy it is for WAND Taxonomies to be imported into conceptClassifier.   We'll walk through the process with screenshots. In this example, we'll be importing the WAND HR Taxonomy into the SharePoint Term Store via conceptTermStoreManager.

In figure 1, we start in conceptTermStoreManager and click on the Import button in the lower right.

Figure 1

Now, in figure 2, you will browse to the XML file for the WAND HR Taxonomy that has been downloaded from the WAND Taxonomy Library Portal.  If you are using conceptClassifier, the taxonomies you download from the portal will be specifically formatted to import directly in.  On this screen, you can choose to import to a SharePoint site, in which case you need to provide the credentials, or you can import to a conceptSearing Query Server to be used independently from SharePoint.

Figure 2
Now, in figure 3, you will choose where in the Term Store to import the WAND Taxonomy.  Taxonomies imported to SharePoint this way will reside in the term store and rules for classification/tagging will be stored as term store custom properties.  So, it's a very clean, native integration between conceptClassifier and SharePoint.

Figure 3
in Figure 4 and 5, we can see that the WAND Taxonomy is now being imported.
Figure 4

Figure 5

Finally, in Figure 6, the WAND HR Taxonomy is now in the SharePoint Term Store.  The taxonomy also appears in the conceptClassifier Taxonomy Manager, shown in Figure 7.  You can see that content has already been classified to the WAND Taxonomy in conceptClassifier and we can now begin to refine the classification clues and edit the taxonomy based on this content.

Figure 6

Figure 7

Thursday, February 25, 2016

WAND Information Technology Taxonomy Gets a Major Update

The IT world is constantly changing and growing and, of course, the WAND Information Technology Taxonomy grows and changes as well.  We don't always talk about our minor updates, but major updates deserve an announcement

We are proud to announce that the WAND Information Technology Taxonomy has undergone a major expansion.  We've added brand new top level terms for Data, Computer Graphics and Web Design, and Technologies and Fields.

Data includes concepts for modeling, analyzing, and visualizing data. Basically, data is a key ingredient in most information technology environments and we wanted to be sure that Data was well reflected in our taxonomy.  Just as Data is important in IT, so is the front end design - Computer Graphics and Web Design covers GUI and front end related topics.   Finally, all of these ingredients of IT applications are used in various fields or applications.   Technologies and Fields includes concepts where data, development, and graphics concepts will be deployed, such as Big Data and Internet of Things.

The WAND Information Technology Taxonomy still includes terms in the areas of IT Administration, IT Certifications, Development, Service Providers, and Software Programs and Applications and each of these branches were updated in this revision.

This taxonomy now has 4,818 terms and 772 synonyms.   

The WAND Information Technology Taxonomy can be customized to include specific terms to meet the needs of any Information Technology Department.

As with all WAND Taxonomies, the WAND Information Technology Taxonomy is available by itself or as part of the WAND Taxonomy Library Portal.

Tuesday, February 16, 2016

The WAND Legal Taxonomy Redesign!

Laws are complicated. They are also necessary.  So are the lawyers, law firms, and corporate legal departments that interpret those laws and help guide their clients.  The work that they do generates documents - a lot of documents - and that's where the WAND Legal Taxonomy comes in.

With a lot of changes.

Our Legal Taxonomy has undergone a major rewrite.  We are always looking for feedback and what we heard was that the original legal taxonomy was too narrow in focus.  It consisted mainly of legal documents and case files, and didn't address many areas that those in the legal profession deal with every day.  There was a large gap.

We listened.  The former legal taxonomy has been retired.

The new WAND Legal Taxonomy incorporates the terms of the previous taxonomy and has been expanded to include more Contracts and Litigation.  We have added Transactional Law and terms used by Law Firms as well as Corporate Legal Departments.  There are also terms relating to 44 different Law Practice Areas.  We believe that the changes make it a much better fit for law firms and for internal corporate legal departments.

This taxonomy now has 3,189 terms and 1,529 synonyms.   

You'll not only find Transactional Law in this taxonomy, but criminal and civil law as well.  There are also terms related to the management of a law firm including Client Management, Law Firm Policies and Committees. 

You'll find terms within Litigation that covers the life of a case - from Pleadings to Verdicts.

The WAND Legal Taxonomy can be customized to include specific terms to meet the needs of any Lawyer, Law Firm, or Legal Department.

As with all WAND Taxonomies, the WAND Legal Taxonomy is available by itself or as part of the WAND Taxonomy Library Portal.