Any data-driven industry – and these days, that’s almost all of them – knows the challenges around bringing together data from many systems and from across many years to make use of it. There’s too much focus on making copies and transforming information, rather than getting value out of it.
It doesn’t have to be that way. Broad benefits await when an organization looks to how subscribing to the Linked Data model changes the game, offering a far more mature and sustainable approach to working with data than typical platform upgrades or conversion projects.
At the upcoming Semantic Technology & Business Conference in New York City in October, K. Krasnow Waterman will deliver the opening keynote focused on how and why Linked Data is a value to businesses in so many respects, including driving revenues and easing risk management and compliance requirements. “If you take that first step and make [Linked Data] your project, the value associated with it is so much greater than the next platform upgrade, because it unleashes all this opportunity to do things with data that you haven’t been able to do before,” says Krasnow Waterman, a visiting fellow at MIT whose work includes having created Linked Data Product Lab and Linked Data Ventures program, a web technology and entrepreneurship course, and CEO of LawTechIntersect, which offers data/technology management and policy consulting for private companies and government agencies.
At hand is the opportunity to manipulate your data across multiple data sources and have it lead to other data. “A great feature of Linked Data is the ability of data to reference other data,” says Krasnow Waterman. “So as you are tagging it and as people are supplementing it, that takes on an assistive capability that you simply don’t get from any other structured data that I know.”