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LexisNexis Launches Taxonomy Program
Unorganized Data Costs Companies Millions of Dollars Each Year
TORONTO, Canada, June 06, 2005 - LexisNexis U.S., a leading provider of legal, news, and business information services, today announced the launch of a new taxonomy program that allows companies to license proprietary LexisNexis® taxonomies and access expert consulting services. LexisNexis indexing technology has underpinned the LexisNexis® services for more than 15 years, and now companies can leverage these world-class taxonomies within their own enterprise and across all content.
With the enormous growth of information, many companies are struggling with how to organize internal and external information so employees can find the information they need. Anexpert in information usability estimates that poor classification of enterprise data costs a 10,000-user organization $10M annually.1 As a result, enterprises are looking to rapidly deploy tools to help them centralize, classify, and organize content. Taxonomies are a critical element to a successful Enterprise Content Management (ECM) system because they provide structure to unstructured content.
"We’ve been managing diverse content for more than 31 years, so we have the experience and technology in place to help companies organize vast amounts of information very quickly. It’s about finding the information that you need to make better business decisions," said Elizabeth Rector, senior vice president of Corporate and Public Markets for LexisNexis. "As we talked with customers about their changing information management needs, they began to realize how significant it would be if they could replicate the LexisNexis taxonomies within their own companies. This ongoing dialog with customers and growing demand for taxonomy expertise has led to our formalized taxonomy solution today."
A team of LexisNexis consultants can help customers with organizing unstructured data —internal and external—to make sure the right information is received by the right audience. They can determine which solution is best suited for a customer, providing pre-fabricated taxonomies for Subjects, Industries, Geographic Locations, Companies, Organizations, and People. Custom Terms can also be developed by expert indexers to supplement any of these offerings.
This announcement further strengthens the LexisNexis portfolio of Content Integration Solutions to help companies better index, manage, and organize internal and external content. This suite includes LexisNexis® Web Services Kit, LexisNexis® Publisher, LexisNexis® Portal Components, and LexisNexis® Taxonomy. LexisNexis services were designed to be compatible with all ECM providers as well as Enterprise Portal providers. For more information, go to: www.lexisnexis.com/integrationsolutions.
LexisNexis taxonomies are available through LexisNexis sales representatives and pricing will be structured according to a customer’s needs. For more information, call 1-800-227-4908, or go to www.lexisnexis.com/taxonomy.
1Jakob Nielsen, the guru of usability, referenced in, "Information Intelligence: Content Classification and the Enterprise Taxonomy Practice," Delphi Group, June 2004.
About LexisNexis
LexisNexis® (www.lexisnexis.com) is a leader in comprehensive and authoritative legal, news and business information and tailored applications. A member of Reed Elsevier Group plc [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), the company does business in 100 countries with 13,000 employees worldwide. In addition to its flagship Web-based Lexis® and Nexis® research services, the company includes some of the world’s most respected legal publishers such as Martindale-Hubbell, Matthew Bender®, Butterworths, JurisClasseur, Abeledo-Perrot and Orac.
LexisNexis works closely with its customers to address job-specific and organization-wide information needs, driving productivity and confident decision-making.
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