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“If you don’t understand what your software engineers are talking about, perhaps it’s because they are using a vocabulary they invented for the problem they are solving.” This begins a white paper called, “The Business Value of Semantic Technology” by Chris Moran, CTO, Information Management Solutions Consultants, Inc.

Moran continues, “Engineers invent a vocabulary and data structure for each system they build and each problem they solve, and only the engineers who built the system understand this structure and vocabulary. Even other engineers must learn it in order to make the data usable. In most enterprises today, we have as many different ways to ask questions of our data as we have systems to store it. We have as many different vocabularies and data structures as we have systems. The problem is actually worse than it sounds….”

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Nathan Eddy of eWeek reports that, according to Gartner analysts, open data is “far more consequential for increasing revenue and business value” than Big Data. He writes, “Open data, according to the research firm, refers to the idea that certain data should be freely available to everyone to use and republish as they wish, without restrictions from copyright, patents or other forms of control.” Read more