Problem: I need to create a taxonomy for my client's business that represents entities in a specific industry.
Initial Hypothesis: Either start by interviewing stakeholders and building up a taxonomy that is offered as a Service application or
Buy an existing industry taxonomy http://blog.wandinc.com/2011/02/list-of-taxonomies-for-sharepoint-2010.html and offer it via a Service Application
Resolution: My preferred option would be to buy a taxonomy and try amend the taxonomy with key stakeholders. WAND have good taxonomies I believe: http://www.wandinc.com/
Initial Hypothesis: Either start by interviewing stakeholders and building up a taxonomy that is offered as a Service application or
Buy an existing industry taxonomy http://blog.wandinc.com/2011/02/list-of-taxonomies-for-sharepoint-2010.html and offer it via a Service Application
Resolution: My preferred option would be to buy a taxonomy and try amend the taxonomy with key stakeholders. WAND have good taxonomies I believe: http://www.wandinc.com/
Taxonomy Definition: A hierarchical classification system that organizes concepts into parent-child relationships. Tree-like structure e.g., categories and subcategories. Used too group and categorize items based on shared characteristics.
Example: Animal Kingdom > Mammals > Primates > Humans
Ontology Definition: A more complex and flexible framework that defines the relationships between concepts, not just hierarchical ones. Graph-like structure (can include many types of relationships).Used to model knowledge domains, including properties, rules, and interconnections.
Example: API Graphs. Railway Track has railway sleepers made by different manufacturers. Uses semantic web and linked data links.