WAND Releases Oil and Gas Taxonomy

Posted by Joachim Bartels | Apr 11, 2012 | Member, Member News, Taxonomy, Uncategorized, United States, Wand | 0 |

The Oil and Gas industry accounts for hundreds of billions of dollars every year in global economic activity. In an industry of this magnitude, sophisticated document management and workflows are crucial. WAND has developed and released a taxonomy specifically for the oil and gas industry as a foundation for a strong corporate metadata model.

The WAND Oil and Gas Taxonomy includes 1513 terms with 270 synonyms covering upstream and downstream terminology and documents for the petroleum drilling industry. Processes, concepts, functions, business areas, equipment and supplies are all covered in this taxonomy.

As with all WAND foundation taxonomies, an oil and gas company can start with this taxonomy and quickly customize it with terminology specific to its organization. This dramatically speeds up a metadata and taxonomy initiative.

Source: Wand Inc.

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.