Tuesday, March 27, 2018

The WAND Information Technology Taxonomy Undergoes Updates and Additions

As we have said before, the Information Technology industry is complex, constantly changing, and growing.  The WAND Information Technology Taxonomy continues to grow and change as well and has undergone another update.

We focused on three areas.


In this revision, we drilled even deeper into  IT Security and added terms to Security Threats, Attacks, Encryption and Intrusion Detection.

We also expanded Technologies and Fields to include 3D Printing, Reality Technologies, Blockchain Technology, Smart Machines, and Digital Platforms.

Then, we reviewed the current taxonomy to make sure we had the latest updates and versions of IT Certifications, Development Tools, Software Programs and Applications, and Languages.

Updates were also made in the areas of IT Administration, Development, Computer Graphics and Web Design, Data, and Service Providers.  We also added Enterprise Information Management as a top-level term.

This taxonomy now has 9,183 terms and 2,618 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, March 20, 2018

WAND Building and Construction Management Taxonomy Update!

The WAND Building and Construction Management Taxonomy has undergone an extensive review and update.

This taxonomy is designed specifically to tag and organize all types of documents associated with a construction project and is ideal for any construction management company. 

In this revision, Building and Construction Agreements has been expanded and now includes Contract Clauses and Provisions specific to the building and construction domain.  Contracts was also refined by project type.

The top level term of Testing and Inspections nearly doubled in size and now includes Methods and Tests for specific building elements.  Land Assembly now includes new Zoning and Land Planning concepts.  Construction Management now features a section on Construction Claims and other legal liabilities.

Terminology relevant to the construction design phase was expanded to include drawing types, proper sheet numbering, and the official plan review process.

Building codes were updated and expanded with the addition of Codes and Standards Authorities as well as Enforcement Agencies.  Codes and Permits were broken down by project element, work type, and type of occupancy.

The updated WAND Building and Construction Management Taxonomy now has 3,928 terms and nearly 3,000 synonyms.

The WAND Building and Construction Management Taxonomy is available as a standalone taxonomy or as part of the WAND Taxonomy Library Portal.

Thursday, March 8, 2018

WAND Banking Taxonomy Review and Update

We have just updated the WAND Banking Taxonomy.  This taxonomy now has 1,663 terms with 1,573 synonyms covering Banking Processes, Regulations, Lines of Business, Fees, Banking Documents, and much more.

The financial services industry has been quite proactive in adopting taxonomies due to complex compliance and retention requirements. WAND originally created this taxonomy leveraging experience in helping create taxonomies for dozens of credit unions and financial institutions.  We took this knowledge as a base and built on it to create a taxonomy that is a strong starter set for any commercial and retail banking institution.

The WAND Banking Taxonomy was specifically designed to help banks tag and organize their unstructured information with relevant, industry specific concepts, processes, subjects, and document types.

With the update, Banking Documents now holds narrower terms for Bank Customer Documents as well as Internal Bank Documents.  Bank Legislation and Regulations was also expanded - all Central Banks were added by region and there is a new section for International Banking Regulations and Regulatory Governing Bodies.  Also expanded were the categories of Banking Metrics and Risk Management.

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

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