When I am trying to hard to create just a ‘tag cloud’ in this blog, Reuters, using its Calais web services takes any unstructured content, understands it and discovers the entities, events, relations and categories in the text and returns the results in RDF context.
Now backtracking a little…
What if your traditional business model gets challenged by the Globalized and Connected Environment?. Will you Surrender, survive or Lead?. The ‘Reuters’ says it will Lead. Very Timely, Intelligent and Courageous Move by the Leadership at Reuters.
When the information is redundant, open and freely available in the internet, why would any one want to pay for the information (to Reuters)?. It looks like Reuters has clearly understood threats and opportunities in the changing world and responded with not just a fitting response but leads the way for information-centric companies.
In the world of abundant information, it’s the ‘attention’ and ‘quality of information’ is scarce and that is what Reuters planning to monetize on. To provide high-quality content that would be useful to its customers, Reuters have turned to one of the most promising technologies of the next generation Internet – that is – Semantic Web. And the result is its acquisition of ClearForest technologies.
The smarter the web gets using Calais Web Services, the more the benefits for Reuters. The fact is Reuters will be in a much better position to deliver high-quality information and insights into its customers, not just raw data.
As far as end-users are concerned, pls do check out Open Calais website. The potential of these services look promising. As a blogger keys-in the text in the blog post, the wordpress blog plugin enriched by the Calais will understand the patterns and recommend pictures from Flickr. Sounds Cool!
Think about these possibilities in real business applications…And am sure the Semantic Web has the potential to generate the next killer app!