While so many of today’s technologies are new, they are being used to address some of the business world’s oldest problems, especially customer service.

Not that customer service was ever a 40-hour, M-F job, but today, anything less than 24/7 is simply not possible for most. The issues that many organizations are trying to manage today are related to the challenges of keeping ahead of a customer base and global supply chain that are always on, and more connected, than ever before.

We’re working with many organizations on strengthening their customer service operations and while the applications are often different, the needs, the goals, are the same:

• Open and optimize communication channels with customers: Be able to hear them, communicate with them 24/7, learn from them.
• Improve the company’s offering of online resources and access to them.
• Improve efficiencies, reduce costs and improve customer satisfaction.

Today, we’re proud to announce our work with Vodafone, one of the world’s largest mobile communications groups. Working with technology partner Assist, we’re using our Cogito Answers semantic platform to provide SMS based customer service that is now successfully handling more that 500,000 SMS requests each month. When a user sends an SMS to the system—“how much will I pay for calls to London?”—Cogito Answers interprets and categorizes the request and quickly retrieves the answer from the internal knowledge base.

We’re seeing similar adoptions of our technology in public administration, and especially in the financial sector. In our last webinar, “Using Semantic Technology to Transform Customer Support,” we heard from attendees across several industries who are interested in semantic technology, but they ask: Who hosts the solution? How long does it take to integrate new content? What happens if the answer provided needs to be changed? Can we track the questions and answers to proactively identify new trends in questions? What if our industry uses words in a different way form the general public?

Customer service is a natural application for semantic technology because it excels at the point where customers and technology converge. The critical areas where semantics can make a difference in customer service are:

• Customer call centers. With greater access to support resources and information, representatives are able to anticipate and quickly resolve customer issues, resulting in significant cost savings and increased productivity.
• Online and mobile self-help. Customers send emails or text messages any time in natural language and receive immediate, accurate responses from internal knowledge bases, 24/7.
• Voice of the customer. Learn what customers are saying about your brand, products or competitors by analyzing social media conversations in discussion forums, Twitter, Facebook and more. Leveraging Sentiment Analysis helps to more accurately measure customer churn and responses to marketing campaigns, new products or special offers.
• Market and sales cycle intelligence. Data collected from real-time intelligence reporting, combined with customer experience data such as preferences, opinions and sales tracking enables greater insight into sales drivers, or important early warning signals to product development. Proactively monitor intelligence for sentiment to understand peaks in traffic or conversations to better prepare customer service, sales and manufacturing.

To learn more about our Vodafone announcement, click here to read the press release.

To access the recording of our recent customer service webinar, visit our archives.

Over the past two weeks, news around Steve Jobs—his death, his funeral, tributes—have dominated the web-sphere. Twitter was the place where many immediately went to share quotes, links to online memorials, commercials, cartoons and photos from years past, and to comment about anything and everything related to Jobs.

We thought it would be interesting to take a sample of the tweets over a 12-day period and use our semantic software, in this case, the Cogito Search Explore Engine, to further explore and filter the tweets and see what patterns, people and trends emerged in the data. The benefit of Cogito SEE is that applies semantic technology to the data for automatic text comprehension, and it is able to attack data from different angles, not just quantitatively.

(A significant number of tweets related to Steve Jobs centered around his creations and related brands.)

Using filters and different visualization features, we were able to look at the material through various lenses. Filtering the tweets by Places, People and Organizations and using a subject-action-object (SAO) analysis to better understand the roles of words used to form the tweets gave us different levels of detail about the tweets.

Using the Conceptual Maps feature allowed exploration of these categories, and provided a unique view into all of the people, places, organizations and concepts being discussed.

(The concept map for Silicon Valley highlights concepts, people, organizations and places for further exploration.)

On a personal note, I never met Steve Jobs, but his products are what piqued my interest in computers when I was about 12 years old, and you could say that I indirectly followed him throughout my adult life. It is strange, but I, and many from my generation, are missing him already.

“Here’s to the crazy ones.”

To see our full analysis of the Steve Jobs tweets, click here to access our report.

Last week, we participated in the panel discussion “Beyond Sentiment: Mining Social and other Media for More than Positive and Negatives” at the SemTechBiz conference in London. Our group Tom Reamy (KAPS Group), Marie Wallace (IBM), along with my colleague Marcello Pellacani from Expert System and our partner, Fabio Lazzarini from Cribis D&B, had a lively session around our individual perspectives and trends, techniques and ideas for the future.

As with all discussions of technology, the topics of “where we’re going” and “what’s next” were top of mind. We’re constantly looking forward, trying to anticipate future applications, functionality and drivers for our technology, not to mention staying on top of an industry that is forever working to create products and applications that will change our lives in ways we haven’t yet imagined.

As Marie mentioned in her thoughtful recap of the event, traditional content analytics have “hit a wall” in social media analysis. Semantic technologies are increasingly being recognized for their ability to provide a new level of understanding of context for analyzing social media. And as Tweets and posts on Facebook and Google+ continue to influence consumers, and therefore marketers, advertisers, product development, there is a real need to understand intent and opinion, beyond Like and sarcasm.

At Expert System, we continue to make investments in our technology to better understand sentiment in context and to better understand what’s behind an expressed opinion. These are some of the most important scenarios where semantics are making a difference:

• Improving processing of anaphora, which are used commonly in social media communications, such as posts on blogs, Facebook, Google+ or Twitter. The interpretation of anaphora is important for a correct analysis of sentiment among several posts, or even in the same post where information is not always explicity expressed. Correct processing of anaphora allows you to almost double the collection of opinions and sentiment expressed online (i.e., “I love the new iPhone” and, a few posts later “But I don’t love it any more” where the person is still talking about the iPhone).
• This also applies to identifying influencers. Analyzing style and tone of writing, you can also understand if someone writing under two different usernames is actually the same person. The same opinion expressed by different people has a different weight than the same opinion expressed repeatedly by the same person.
• Refining the analysis of sentences in which there is a comparison between entities, companies or products (“I think the Fiat 500 is much cooler than the Beetle.”).
• Improving analysis of difficult to interpret information such as that written in ungrammatical slang or acronyms, which is common in Tweets, Facebook posts and other communications between friends or limited by 140 characters.
• Distinguishing whether an expression is emotional or intentional (“It would be amazing if that dress was also in red” or “If there was a grey iPhone I’d buy one right now.”).

From the perspective of our customers, they want to be able to use sentiment to drive better decision making, and this is where semantic technology excels, and where we will continue to grow.

Despite the summer heat and family vacations that usually mark the month of August, this year, August has been anything but quiet. More economic crises in both Europe and the U.S. (the public debt crisis only adding to the problems), have forced more government involvement (bringing some leaders out of their usual August vacations), while in the hi-tech world, companies are busy acquiring one another and spinning off: Google purchasing Motorola Mobility and HP acquiring Autonomy, abandoning webOS and announcing the spin-off of its PC division.

While risky, Google’s acquisition has the potential to be successful (and even if it’s not, Google has broad shoulders), but the purchase of Autonomy by HP seems to be more risky, not only for the price, but the method of payment (spending 80% of existing cash at a time when liquidity is more valuable than gold). To get positive ROI from a $10B deal seems more like a leap of faith.

The Autonomy of today is very different than the Autonomy of a few years ago. Today, it is a conglomerate of diverse companies, acquired over time, where enterprise search revenue represents only a portion of total sales (less than half if you read the P&L closely). In practice, HP is entering into new territory—the software business—where it will be selling a complex product in a field filled with aggressive competitors (This article from The Register does a good job of explaining the challenges here).  I’m curious to see how it all shakes out.

By this time next year, we’ll have a better understanding of who was right, and hopefully, also more peace in the world and stability in world markets. But for now, even as we can see that the year is almost gone, we’ll continue to work hard to a strong finish for 2011 amidst this ever changing world.

In an original conclusion to SemTech 2011, and perhaps also to reiterate that the main objective of semantic technology is to make knowledge more accessible, the event organizers invited Laura Campbell, director of strategic initiatives at the Library of Congress, the oldest cultural institution in the United States, and one of the largest libraries in the world, to provide the closing keynote.

Campbell began her presentation by explaining that one of the most pressing problems in wanting to ensure the acquisition and preservation of the largest collection of knowledge and easy access to the best examples of American creativity (strategic objectives of the Library of Congress), is management of our changing connections to available content.

In fact, not only are our ties to content increasing, but also increasingly diverse. Audio, video and images have long since accompanied and even sometimes replaced traditional content; to be able to better manage this complexity, the Library has implemented very stringent processes for the creation of metadata and classification, using automated tools that cannot be separated from automatic text understanding. And because their mission is also to share knowledge, the Library of Congress is a major supporter of Linked Data.

The initiative, created through the movement of Tim Berners-Lee, aims to make it possible to connect unlinked data, via the Web, and to break down the barriers that make correlation of similar information so difficult. Linked Data is perhaps one of the first globally successful initiatives related to the Semantic Web. Some governments, most notably the American and British, have long made it easy to access a myriad of different data which, when enriched with meaning (through semantics), can help develop applications that make this data available for a variety of activities to benefit not only the organizations but especially the people. Italy, too, though still lagging behind other nations, is trying to gain ground in this area, and there are many initiatives that are worth following closely, including this one at Linked Open Data Italia.

Regardless of the interest in seeing a site developed on the principles of the semantic web, if you have never surfed the website of the Library of Congress, I suggest you do so. This is a unique collection of knowledge, and especially the section devoted to digital collections is impressive in terms of quality and quantity of information.

And so, with the presentation of Campbell, halfway between technology and humanities, this year’s Semantic Technology Conference was brought to a close. And like any good conference, it leaves us with much food for thought:

1. Big Data: In every sector, public and private alike, the amount of information that an organization (and implicitly the individuals who belong to it) have to consult and process is increasing exponentially. But that’s not all—the number of sources is also increasing, and it’s even more difficult to understand which information is more important. The deluge of data now, and to come, is increasingly made ​​up of unstructured information: Reports, documents, academic papers, blogs, social media, etc. To control these flows of information and extract value requires a combination of technology and discipline to follow well-defined processes. It is now clear that those who can find an effective way to combine these two resources will win, because they will be able to take advantage of access to all relevant knowledge at the right time. Semantic technologies play an important role in the technological part of this equation. On the other hand, for many, ignoring the problem of data proliferation could be catastrophic.
2. Start Simple: It is increasingly clear that semantics = complexity is false. Today, there are applications that are not only easy to understand, but also easy to implement and provide clear ROI. Areas such as customer care, competitive intelligence and social media monitoring come to mind. To automate the dialogue with customers while maintaining quality is a goal easily reached by mature semantic technologies. To refine real-time market news and competition, identifying what is important for various business functions, is easy if you have clear goals in mind and if you have the right technology platform. Anticipating trends, or preventing damage from the viral distribution of news or gossip on a single company or product is feasible if you have a solution that is able to extract the information you need. You can create value right away even in these simple areas, and as you better understand the technology’s potential, you can begin a process of creating even more advanced and important solutions.
3. Be Current: Technology is changing even faster than market conditions. A recurring theme in all of the success stories I heard over the course of the conference was the importance of not putting your technology choices on auto pilot just because maybe the first few years have proven successful. Rather than delegating decisions to outside consultants, it’s important to stay close to your technology so that you can grow together and adjust both as you change, and as the market changes. Looking around is important, as in all activities, and it is even more so when it comes to innovation. Maybe it’s time to move a bit of the budget dedicated to maintaining the status quo instead to initiatives that help keep pace with the times, and more so if you are realizing that you are exploiting only a fraction of the information that is available to you.

And with this, I close my diary of this year’s Semantic Technology Conference. Thank you for the time you spent reading my posts. Now, it’s time to leave the Hilton and take the cable car out to the Bay, where I expect a long dinner Mark Twain style with crabs and cold beer. But if semantic technology is still on your mind, you can reach me at @Scagliarini or lscagliarini at expertsystem.it.

It’s just after 7 a.m. when I go into the conference hall. As I glance at the schedule of presentations, which, like the workday here in California, starts early, I look around and see dozens of people bent over on smartphones, tablets, and improbably, even some 15-inch laptops.

Everyone seems really busy reading email or taking a quick peek at online newspapers, or perhaps, in the case of some Italian tourists, they are just looking at photos taken in Death Valley, a horrible place at the border between California and Nevada, and inexplicably very popular among his countrymen. In any case, regardless of the reason, the picture is a perfect slice of reality given all the ways we enjoy and share information today that would have been unthinkable even 15 years ago.

We have access to such a diverse variety of tools—more than we can actually manage. And we are so overexposed to the so-called information stream that it’s harder for us to access the really important information at the exact moment that it’s actually important. The situation is particularly problematic for companies because being able to effectively control this flood of information provides a unique opportunity to streamline some operations, to obtain a competitive advantage and therefore, higher profits.

There’s obviously a lot of attention paid to any tool or process that can help manage this. And semantic technologies, with their inherent ability to bring order to this chaos and create the conditions for optimal management of the stream—always more important—are designed to become a driver of corporate information management activities.

Perhaps that’s why I appreciate the Semantic Technology Conference organizers’ choice to offer a series of presentations dedicated to different market sectors to highlight the solutions available to address the various problems caused by this explosion of information.

One of the areas where the situation is particularly critical is financial. In this context, the speech that was the most interesting to me was that of Wells Fargo’s David Newman. Newman argues that traditional information management systems are no longer sufficient to effectively manage the continuously growing flow of data. The reasons are varied, and include the fact that the increasing amount of information, without an intelligent filtering system, can lead to higher, unsustainable infrastructure costs. Moreover, the growing tendency of the various business functions to solve this problem by developing solutions calibrated only on their needs, creates a flurry of data silos that do not communicate with each other, which in turn results in duplicated information across various company offices.

As a potential customer, Newman advised technology providers to abandon the technical language and instead, suggested areas where they expect, in the initial phase, the greatest innovations. These areas include customer care, fraud monitoring systems, credit risk management processes, and activities in support of intelligence analysts.

In all these areas, semantic technologies can provide value. First and foremost, they allow more efficient management of information flows, based on the automatic and real-time identification of relevant information, and second, increasing interoperability and data sharing, reducing the side effects of segmentation and making all the information available, regardless of who produced it and where it’s stored.

The presentation of Leo Keller from Blue Ocean offered some very interesting ideas for applications in support of market intelligence. Keller presented the results of some research on the predictability of price fluctuations in shares of a company as a result of information extracted from social media. Among these studies, it is worth mentioning that of Frei, which shows a positive correlation between the number of employee tweets from a certain company and the price of the shares of the same company, but it is unable to demonstrate a correlation between sentiment and price. Similarly, another study by Arthur J. Connor showed no obvious correlation between changes in the number of fans on the company Facebook page and the value of its shares.

Finally, the presentation from Drew Warren of Recognos Financial has shown how the integration of data extracted from the Internet with traditional data sources can benefit in evaluating a company’s credit risk. Internet sources can in fact provide additional information complementary to structured information such as budgets, balance sheets, etc. The integration of standard data with information derived, for example, from analysis of local newspapers, can make it possible to collect additional information that may give a more complete and certainly more current picture of an organization’s degree of risk.

The opportunity to use semantic technology in the financial sector is clearly not limited to the examples described above. Though outside observers believe that will take time to identify which of these solutions can bring higher value to companies.

After the shock caused by the two drops of rain that fell Monday night (in the San Francisco Bay area it almost never rains between the end of April to late October), SemTech’s nearly 1,000 participants gathered for the keynote speech that opened the conference.

As if to disprove the critics who still paint the world of semantic technologies as a very technical and niche  sector, when it comes to addressing business problems, the first speech was completely dedicated to one of the most important issues for companies across all industries—customer.

Bill Guinn, of Amdocs, delivered concrete examples of how a system of customer care, where semantic technologies are fully integrated with traditional CRM solutions, can create value. It started from the three areas in which we can construct a process of interaction with customers.

1. Customer Care:

• Contact with customer care is typically summarized in an email or phone call from the customer. The statistics offer a bleak view of the customer experience, regardless of the sector (particularly evident in the problems of telephone and electricity companies, but also banks and government). Research indicates that 35% of people abandon attempts to make contact with the company because of too much time wasted in automatic response queues. In addition, 22% of people who do talk with someone are then transferred to another contact, losing precious time in the process. Then, there are the call center operators.

• Call center operators receive phone calls or emails with limited background information, and therefore spend 28% of the time only collecting basic information about the customer. In 25% of cases you are unable to precisely identify the main reason for the customer’s problem, and are often passed along to another operator. When you consider that the average cost of handling a call is $7.50 for every phone call and a little more for email, it is clear that creating a smarter way may have significant ROI.

• The creation of this type of intelligent management system for customer requests cannot be taken into consideration without  the functionality offered by semantic technologies. For example, you can begin by offering customers the chance to ask questions about the use of a product or service via the website or via SMS. Customers can ask detailed questions about special offers and promotions or the price, and obtain, thanks to the comprehension of words, precise and accurate responses instead of a long list of “possible” answers. In addition, automatic semantic analysis of all previous interactions with the customer can be immediately available to call centers operators, as well as other data that can be useful in creating an environment that minimizes the time necessary to have a detailed understanding of the customer’s request.

2. Revenue Generation. A second area where the intervention of semantic technologies can add value is linked to revenue generation, because it allows you to manage detailed information on customer preferences, starting from the opinions expressed on blogs, forums and social media. Understanding customer needs enables the chance to make targeted offers, and can influence ideas for promotions and product development. The analysis of customers’ links with the social network can multiply in proportion to the investment: targeted offers for a customer can also be extended to his contacts, who are likely to have similar tastes and needs.

3. Customer Churn. Another area where semantic technologies can deliver value is that of customer churn, or the process by which we choose one  product over another. The real-time analysis of the reasons why, which are most often expressed in written text as part of the company’s own communications, can help enable early attempts to keep the customer relationship alive (such as through special offers , discounts, etc.).
***

In the second speech we heard about the application of semantic technologies in the world of online publishing, a timely topic given the continuing state of crisis in the sector. In recounting the experience carried out with the BBC, John O’Donovan’s Press Association, described  why the solution that many people traditionally use to address the poor performance of a site, that is, change the Content Management System, is the most expensive mistake an online publisher can make.

The value provided by the semantic comprehension of online content, especially when it comes to articles and news, has proven its significant and measurable ROI for some time now. O’Donovan showed that a semantic system that categorizes, creates metadata and, in a nutshell, gives a little order to content is of considerable value because it can determine:

• Increasing the number of pages viewed and time spent on a site by users, for example by creating a dynamic list of related news. The correlation between texts is made possible by the analysis of semantic content in the moment of creation.
• Improving the ranking of sites on search engines through content optimization to attract a greater number of unique visitors.
• A better experience for readers, thanks to better managing content and making it more navigable. The advantages, in terms of content usage, are due to the dynamically created content linking people, organizations, etc., and automatically highlighted in the articles. This feature basically allows readers to filter content in an intelligent manner, based on their content (topics, people cited, events, etc.). and not only on the attributes of files (images, video, news).
• Reduced costs of creating content resulting from the automatic generation of metadata. Content creators can now devote more time to higher value activities.

The experience of the BBC, as well as some Italian newspapers, such as Il Sole 24 Ore, shows that this is possible even with relatively small investments. It is difficult to understand because so far, only a limited number of publishers have implemented these innovative solutions and integrated semantic functionality into their systems. What is certain is that the opportunity must be seized now because tomorrow may be too late.

As the Semantic Technology Conference kicks off here in San Francisco, today I am excited to announce the launch of our new Cogito Search Explore Engine.

For me, Cogito SEE is a reflection of where we are today and where we’re headed in the world of information management/search/analytics. We are accessing and sharing information in ways we could have only imagined 20 years ago. Today, we all have more information outlets than we know what to do with, and more tools with which to share it than ever before. “The stream,” as it’s increasingly being referred to, is a living, ever changing flow, a potentially rich source of information. But it poses an even greater challenge to those who want to tap into its depth and breadth for only the things we’re looking for, when we need them.

This is particularly challenging on an enterprise level, where the need to be able to capture what’s important and meaningful from the stream—and be able to merge that with internal data—translates into better customer service, improved product development and competitive advantage—the bottom line. Capturing the information that makes this possible is about more than search, but also about being able to filter results. This is where a semantic platform excels, and particularly where Cogito SEE excels.

The new Cogito SEE meets the growing needs of enterprise search by not only enabling more effective access to internal information, but by being able to intercept and filter the most critical information from the stream, and using new features to enable complex analysis.

These features, at the heart of Cogito SEE, extend powerful semantic capabilities beyond the point of search and discovery to the visualization and navigation of results. Where traditional filtering methods limit filtering based on file attributes, Cogito SEE enables drill down into results based on comprehension of the content.

In this view, results are broken down into sub categories based on the content, and each category can be further explored.

Our new visualization features are user friendly, and offer further opportunities to filter content as well as dynamic navigation between different views of the results. New visual features offer a variety of ways to view results:

A stream focus that is dynamically updated.

Maps integration that show a geographical concentration of results.

These are just a few of the new features we’re excited about. Visit our website to learn more about the Cogito Search Explore Engine, and if you’re at SemTech today, we hope you’ll visit us in booth #306.

If not, drop us an email at demo@expertsystem.it to request access to our online demo.

The Semantic Technology Conference begins today in San Francisco and for the next three days, it will focus on the leading providers and the companies who have chosen to implement semantic technology to solve the problems of knowledge management, customer service and monitoring the views expressed on social media (sentiment analysis).

That semantic technologies are no longer purely niche is proven not only by the increasing number of diverse companies present, and by the rich number of case studies that crowd the agenda (pharmaceutical and financial markets for now are the leadeers) but also by the fact that the San Francisco event is just one of three editions of the conference this year. The first European edition will be held in London in September, followed by the Washington D.C. event in October, focusing on applications devoted to government organizations.  In particular, I believe that the London event will be an excellent opportunity to demonstrate that, at least in this sector, European software companies are also cutting edge!

Apart from the multiple global events, the rosy future of semantic technology was also confirmed by rumblings of a series of rumors, one of which could become news today.  The recent news announced by three giants of the search world confirmed the rumors: The definition of a common standard that outlines the guidelines for adding structured information to web pages (the famous metadata) in an effort to improve user experience by improving search results and reducing the presence of spam and low quality links at the top of results.

The inclusion of metadata should enable search engines to automatically include the contents of a page and, therefore, to obtain useful information to best position a site in the results. Obviously, for now Yahoo, Google and Bing have limited themselves only to the definition of these standards, leaving the webmaster to the task of manually tagging information in HTML pages.

With this announcement, they have thus indirectly confirmed what all the ‘little people’ already knew, namely that the quality of search results has seriously declined in recent years, and that it was therefore necessary to do something to improve user experience. This announcement also comes at a time of enormous opportunity for companies with technologies such as automatic language comprehension, particularly for those who can offer meaning comprehension, because it is essential to automate the encoding of information.

Semantic software automatically understands the semantic meaning of content and can replace manual labor. Obviously, those who are able to offer webmasters a tool with high quality results that is at the same time scalable and easy to use, will have access to a potential gold mine. Instead, the rumors that may become news today here in San Francisco are about bringing voice recognition to the center of the new operating  system iOS5 for iPhone and iPad. This feature may allow users to interact with their smartphone or tablet in ways that are even more natural and better suited to the conditions in which these tools are used. If not announced by Steve Jobs today, it’s likely that this news will only be delayed a few months, at the most. If you consider the potential adoption of a tool like this and the absolute importance of semantic technologies in transforming good speech to text in a real search engine, you can understand why the focus on semantics has grown so significantly over the last twelve months.

Turning back to the conference, I wanted to highlight three very different presentations that I think clearly identify why, regardless of the sector in which you operate, it’s important to pay attention to what will be happening in San Francisco over the next few days.

• Realizing Efficiency & Interoperability: SOA & Semantic Technology in the Business Mission Area. Dennis Wisnoski from the U.S. DoD will give high visibility to the efforts in place within U.S. defence operations to increase interoperability between the different systems used across the organization. This is a vision that will not only help to better share intelligence activities among analysts, but also improve the efficiency: the objective in times of significant budget cuts.
• Dynamic Semantic Publishing, The BBC’s Jem Rayfield is  part of a series of presentations on the future of media, which is always a topic of great interest. Jem, who has experienced the effectiveness first hand, will focus on creating value for publishers in mechanisms that create dynamic connections between diverse and constantly updated content, allowing to better engage users by providing more usable content (with invariable production costs) and therefore increase the number of pages read per user and therefore, advertising sales.
• The Next Generation Consumer Business: Semantically Enabled for Real-Time Intelligence, Bill Guinn. Finally, I look forward to this presentation, because the real point of no return for semantic technologies will be a successful consumer application. I expect to have a clear understanding of how the automatic and real-time context in which a user operates, made possible through an integration of semantic technologies with other technologies—such as cell phones and geographical positioning—may assist in revolutionizing interactions with customers by improving not only their level of satisfaction but also by reducing the operating costs. 

Over the next few days, I’ll let you know, in real-time updates via Twitter @scagliarini, if the event is meeting expectations, and whether it will also offer even more surprises with the launch of new products. Stay tuned!

In economic times like these, a company’s ability to identify the right areas for investment is more important than ever before. This is especially the case when it comes to software investments, which are most often used to reduce costs or to gain competitive advantage over the competition.

The use of semantic technologies for automating manual tasks, or for making previously out of reach knowledge more accessible, is (fortunately for us!) an area where companies are still making investments despite the crisis, because they understand the importance of having this strategic advantage.

Still, when I suggest an automated solution to replace a manual activity (tagging, categorization, monitoring information flows) to potential customers, I am occasionally met with some resistance. Many times, the customer is not able to properly evaluate the pros and cons, and ends up opting for a very basic solution, and in doing so, loses the opportunity for tremendous cost savings and service improvements.

In economically challenging times, the aversion to taking risks is higher than normal, and businesses are scared to take the leap, instead waiting to defer that decision to more financially secure days. The fear that an automatic solution will not be able to perform with the same accuracy as a manual one is understandable, but it’s the wrong way to look at the question. Considering all of the benefits and advantages that can be gained with a successful semantic technology deployment, in my opinion, the risks are negligible compared to the rewards you will reap in terms of overall reduced costs, competitive advantage and more efficient operations.

The costs of an automated system are much lower (typically, the investment is recovered within the first year) compared to a manual operation. Scalability is not an issue, and you can easily add or modify various aspects of the functionality, freeing people for the more complex and greater value added tasks that—no matter how sophisticated or clever technology is—cannot be replicated or automated.

Certainly the need to take risks is not for everyone, but, in the words of Don Abbondio, “se uno il coraggio non c’è l’ha, non se lo può dare:” if one doesn’t have courage, then he also has none to give!