Semantic Data 2024: Taxonomy, Ontology, and Knowledge Graphs

Aligning your organization around a common purpose requires an often overlooked transformation – a shift to a semantic mindset.

Organizations that have a semantic mindset possess a shared understanding of the meaning of core business concepts that is internalized among the organization’s members and business units. 

With a semantic mindset, organizations can realize tangible business results from their investment in data infrastructure: 

• Alignment of data with organization objectives
• Enabling the discovery, sharing, and analysis of an organization’s critical data assets
• Ability to optimize information-dense business processes 
• Making data meaningful and transparently accessible
• Creating customer and employee experiences that put the power in the hands of the users of data.

Building a semantic mindset requires far more than the simple act of constructing taxonomies, ontologies, or knowledge graphs. It requires aligning strategy, resources, technology, workflows, implementation, training and education that serve all of an organization’s constituents.