Scopes and Internals
The WAND General Business Taxonomy is a starter set of terminology for businesses with nearly 500 terms and covers five major functional areas that are common to companies: IT, Legal, HR, Accounting and Finance, and Sales and Marketing.
Customization and Extension
The WAND General Business Taxonomy can be easily customized by personalizing the thesaurus with complementary lexicons. It can also be exploited in combination with the TEMIS Smart Taxonomy Facilitator (STF) Skill Cartridge® Framework to create a Skill Cartridge® focused on general business topics.
STF adds two distinctive features to the thesaurus-based extraction :
- Fuzzy Term Matching that produces and recognizes variants of thesaurus terms, minimizing silence and increasing recall
- Relevance Scoring, that evaluates the contextual relevance of each recognized term, discarding the less relevant ones improving precision. Relevance Scoring exploits a range of heuristics, including statistics and part-of-speech tagging.
Adjusting STF Fuzzy-Term Matching and Relevance Scoring parameters or retraining the Skill Cartridge®'s statistical models to adapt to a corpus that is specifically representative of your content will enable you to adjust semantic enrichment behavior.
The WAND General Business Taxonomy is a terrific starting point for many companies, to begin creating their own term sets. It is also perfect for experimenting with the managed metadata services and term store in SharePoint 2010.