Measuring the Value of your Semantic Layer: KPIs for Taxonomies, Ontologies, and Knowledge Graphs

Enterprise Knowledge 13 Feb 2024
Utilizing semantic applications in your business, such as an enterprise taxonomy, ontology, or knowledge graph, can increase efficiency, reduce cognitive load, and improve cohesion across the enterprise, among other benefits. While these benefits are extremely valuable they can be difficult to quantify and measure. Utilizing Key Performance Indicators (KPIs) is a common tactic that can directly tie the semantic integration into the business value it creates. This can be utilized to increase buy-in from leadership, build a common understanding of goals and trajectory, keep projects on track, and to tell powerful stories about the benefits created through these critical investments.    Why KPIs? KPIs are evaluation metrics that are specific, measurable, and goal-oriented.