Posts Tagged ‘benefits’

Making the Case for Semantic Tech in the Financial Sector

Wall Street

Amir Halfon of Marklogic recently discussed the ways that semantic technologies can create value in the financial sector, among other industries. One such way is through data provenance: “Due to the increased focus on data governance and regulatory compliance in recent years, there’s a growing need to capture the provenance and lineage of data as it goes through its various transformation and changes throughout its lifecycle. Semantic triples provide an excellent mechanism for capturing this information right along with the data it describes. A record representing a trade for instance, can be ‘decorated’ with information about the source of the different elements within it (e.g.: Cash Flow -> wasAttributedTo -> System 123). And this information can be continuously updated as the trade record changes over time, again without the constraints of a schema, which would have made this impossible.” Read more

Semantics, Unstructured Data, & Business Value

unstructured data

Luca Scagliarini of Expert System recently wrote, “Semantic technology is able to understand a text in a way that emulates human comprehension of information… More importantly, it also comprehends conversational language and all its ambiguities (slang, abbreviations, multi-language text) to arrive at an understanding of not just words, but the user’s intention. A good example of this at work can be seen in the recent analysis that the social research firm Sociometra conducted using over 30,000 comments made on social media of tourist destinations (museums, monuments, etc.) and general comments about the city of Rome, Italy. The analysis showcases the technology’s power for analyzing unstructured text and its strength in establishing connections between not just words, but more importantly, concepts.” Read more

Unlocking the Benefits of Semantic Search: Barbara Starr’s 5 Ways


Barbara Starr of Search Engine Land reports, “Search is changing. It is now more personal, more engaging, more interactive and more predictive. SERPs no longer display just 10 blue links — they have become more useful and more visually appealing across all device types. Semantic search is at the forefront of these changes, as evidenced most recently by the launch of Google’s new Hummingbird algorithm. Beginning with user intent and interpretation of the query itself, semantic technology is used to refine the query, extract entities as answers, personalize search results, predict search queries and more — providing a more interactive, conversational or dialogue-based search result.” Read more

Flexibility and the Semantic Database

David S. Read of Information Week recently discussed the benefits of semantic databases. He writes, “Don’t buy into the idea that semantic database technologies are just for consumer-facing services such as BBC Online or the semantic Web initiatives embraced by the likes of Best Buy and Cisco. In much the same way that consumerization drives innovation in end user computing, semantic database technologies deliver benefits that businesses of all stripes should be exploiting. At a high level, semantic databases offer five main benefits: They work with your existing relational databases. They align with Web technologies. Their underlying technology speeds integration of multiple databases. They’re based on data structures that are flexible by design. And thus they can help enterprises tackle big data challenges.” Read more

Big Data & Semantic Web: An Ideal Marriage

Jeff Bertolucci of Information Week recently discussed how the evolution of Big Data may be just what the Semantic Web needs to reach its full potential. He writes, “In a phone interview with InformationWeek, Cambridge Semantics CTO Sean Martin summed up the Semantic Web in a nutshell: ‘In essence, all you’re doing is tagging data and giving it a description of what it is… If you can put more information in — more metadata with the data — then the software can interrogate the data to find out what the data is, and what it’s capable of,’ added Martin, who believes the rise of big data could help spur the adoption of Semantic Web technologies.” Read more

Key Benefits of Using Semantic Web Technology

Arnaud Le Hors and Steve Speicher of IBM recently composed a case study: “Open Services Lifecycle Collaboration framework based on Linked Data.” In the introduction they write, “The Rational group in IBM has for several years been employing a read/write usage of Linked Data as an architectural style for integrating a suite of applications, and we have shipped commercial products using this technology. We have found that this read/write usage of Linked Data has helped us solve several perennial problems that we had been unable to successfully solve with other application integration architectural styles that we have explored in the past.” Read more

Benefits of Open Data for Economic Research

Guo of recently discussed the benefits of open data for economic research. He writes, “There used to be a time when data was costly: There was not much data around. Comparable GDP data, for example, has only been collected starting in the early mid 20th Century. Computing power was expensive and costly: Data and commands were stored on punch cards, and researchers only had limited hours to run their statistical analyses at the few computers available at hand.” Read more

5 Ways Semantic Technologies Help Us All

Janice Lawrence of Semantic Arts recently shared a list of five business benefits — and truly, public benefits — of semantic technology solutions. Here are the benefits that she came up with along with links to some of our own articles underscoring each point. First, semantic technology helps us “Find more relevant and useful information because it enables us to search information from disparate sources (federated search) and automatically refine our searches (faceted search).” See Introducing International Dataset Catalog Search for more on federated search. Read more

The Value of Linked Open Data

Anwen Robinson has written a new article regarding the value of linked data and the route to taking data from “linked” to “open.” Robinson states, “We live in a connected society, where devices and data are being pulled together to profoundly change business, our personal lives, society and even nations. In this introduction to this Agenda, I want to try to outline, in non-technical terms, some of the benefits to the sector (and ultimately the taxpayer) of extracting and linking data. I say ‘some of the benefits’ because, like Twitter, Facebook and the internet itself, this technology will provide visibility and intelligence that will profoundly change the world in unpredictable ways.” Read more

How Google+ Will Set itself Apart

A recent article takes a fresh perspective on Google+, “one of the more interesting social concepts to come along in a long time.” The author writes, “Google+ is headed
for 20 million members by this weekend, and, depending on who you talk to, it’s either an epic success or an epic failure. But I think many of my esteemed colleagues are looking at Google+ from the wrong point of view. Everyone is writing about circles, privacy, hangouts, and whether people will switch from Facebook to Google+. But much more interesting stuff is and has been going on behind the scenes. Brands, publishers and agencies should take note and prepare to participate.” Read more