Data the new oil
Clive Humby, mathematician and data scientist, already stated in 2006: "Data is the new oil!
"Data is the new oil. It's valuable, but if unrefined it cannot really be used. It has to be changed into gas, plastic, chemicals, etc to create a valuable entity that drives profitable activity; so must data be broken down, analysed for it to have value."
People can use data and create value by accessing contextual knowledge such as rules, dictionaries or keyword registers and linking the resulting information with the stored content.
If, on the other hand, machines are supposed to assume decision tasks in reference to the stored knowledge or exchange data, which themselves contain information about how to structure and interpret them (so-called metadata), they need a representation of the underlying terms and their correlations.
With the help of ontologies, such knowledge representations can be modelled. Unlike data models, which are mainly intended for use in IT, ontologies represent knowledge in a form that can also be used by IT non-professionals. Ontologies and the associated tools are suitable for use in companies that, with the help of their employees and their expertise, want to create formal definitions of terms and their relationships as a basis for a common understanding in the company.
The value of an ontology stands or falls with the extent of the recognition and approval ("ontological commitment") it obtains within the company. In most cases, such acceptance is easier to achieve the more decision-makers and stakeholders are involved in the design process. On the other hand, the complexity usually increases with the number of people involved in the concept.
With the help of ontologies, valuable information can be generated from the raw ingredient "data". We help you to select suitable tools for the creation of generally valid and understandable ontologies. These ontologies can later be added to websites, ERP- or shop- systems.
|For example: Hagen |
The term "Hagen" can be a city in Germany, a ship's name, the first name of a person or their surname.
A web search with the keyword "Hagen" would provide more relevant results with the additional information available in this way.
The share of e-learning in continuing education and the demand for digital content for decision support in professional practice are steadily increasing. Reasons for this are the better compatibility of family and work, lower costs than on-the-job training and the adhoc availability of information. The future belongs to completely new learning and teaching concepts that are reinvented within the digital world. But for the creation of e-learning content or tutorials high-quality images, texts and videos are necessary.
The goal of the development is a system for publishers, e-learning providers and doctors' practices, which helps authors to provide content simply and systematically with meta-information using a semi-automatic assistance system. For this purpose, an author should be given concrete suggestions for the meta description within defined categories on the basis of a free text entered by him. In addition, authors are assisted in establishing exploitation rights and in enforcing the payment of their content.