sharepoint - why metadata is important
DESCRIPTION
This slide deck presents why good information management should be a core competency in any organization. Those who ignore this need are paying for it even though it doesn't show up on the balance sheet. Feel free to download and edit as needed to use for your own purposes. Please share any feedback as well!TRANSCRIPT
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Everyone is in the information business.
What separates industries is how they use their information…
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Oil companies need information on where to drill for oil.
Pharmaceutical companies need information on what drugs work and how.
Financial services companies need information on what assets are worth.
This may sound obvious, but when you consider what a poor job most companies do at managing their information it makes you wonder…
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Over 30 billion original documents are created every year.
- 85% will never be retrieved.- 50% are duplicates.- 60% of stored documents are
obsolete.
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For every $1 spent to create a document,
$10 is spent on its management.
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Hours per week the average information worker spends:
14.5 13.39.5
3.52.2
3.0
reading and answering emails
creating content
searching for content
recreating content they couldn’t find
searching but not finding
version control issues
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Your (mis)information is costing you millions.
Some back-of-the-napkin math should show how much productivity is lost.
8.7 hrs/week wasted
x 50 weeks x $30/hr x 1000 employees
$13.05 million lost
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You’re working for your data. Shouldn’t your data be working for you? (the answer is yes)
One of the keys is metadata.
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noun; data about data. Metadata is a way of identifying information.
metadata
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puppy
furrydog
golden retriever canine
Essentially, metadata are descriptors. Some metadata for this puppy might be:
mammal
Fido
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How does this come into play? For example, lets say you search for the following terms:
What might the results look like for each term?
“dog” “golden retriever puppy”
How useful would the results be?
How much time would you have to spend going through the results to find what you actually wanted?
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“dog” “golden retriever puppy”
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“dog” “golden retriever puppy”
Clearly, this more specific search term is better. But it only works if someone has taken the time to associate the metadata.
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This puppy example illustrates not only the effectiveness of metadata but also the importance of tagging content with metadata.
If users don’t take the time to attach metadata when they create, upload, or edit documents the benefits will be lost.
DOC
document name
audience
expiration date
version
department
project
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So how do you manage metadata in SharePoint 2007?
Delete slide if
you
use SP
2010
In SharePoint 2007, metadata is captured in list columns. When you create a file or item, upload a file, or edit a file or item, you can enter information in the columns.
Below are the columns for a basic task list. Anytime a task is created or edited, these fields can be changed. This metadata tells you information about the tasks and lets you manipulate the list – for instance, by filtering Status to only show tasks that have not been started.
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So how do you manage metadata in SharePoint 2010?
Delete slide if
you
use SP
2007
Microsoft spent a great deal of effort improving SharePoint’s metadata capabilities for the 2010 version.
You can tag items, documents, and pages with keywords. As you type, pre-configured keywords are suggested. You also have the option of creating new keywords. SharePoint 2010 even allows you to tag an external page with keywords.
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So how do you manage metadata in SharePoint 2010?
Delete slide if
you
use SP
2007
The Tag Cloud Web Part creates a tag cloud of the most commonly used keywords.
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So how do you manage metadata in SharePoint 2010?
Delete slide if
you
use SP
2007
You don’t want users out on their own creating keywords. The Term Store Management Tool lets you predefine keywords and terms that can be used across all your SharePoint sites. This even supports multilingual terms.
Keywords:Business PlanExpense ReportMarketing PlanPurchase OrderTime-off RequestRelocation FormFinancial EstimateChange OrderProcurement Contract
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Remember: If you don’t manage your information, your business will pay for it.
Information management should become a core competency for every organization. This can’t happen without the use of metadata.
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