According to a recent article, “Wal-Mart Stores paid just over $300 million in cash for Kosmix.”
The semantic web is extending its reach into more and more businesses with tremendous effect. Ebags.com, for example saw a 33% rise in holiday sales in 2010 over its 2009 holiday sales. The company’s co-founder credits much of that increase to their new semantic retail platform powered by Endeca Technologies.
Boulder, Colorado, June 23, 2010 –The NBJ Summit (www.nbjsummit.com) announced it will play host to eight-time Olympic medalist Apolo Ohno at the 2010 NBJ Summit. The American short track speed skating competitor will give the closing keynote speech at the 2010 event on July 23rd. Apolo is the most decorated American Winter Olympic athlete of all time and one of only four Americans who have won three medals in a single Winter Olympic games. In addition, Ohno is a principal with 8 Zone, a dietary supplement company.
Semantic Technologies have much to offer today’s successful business, with regulatory, operational and economic forces combining to require that timely and accurate data from across the enterprise be available on demand and at the point of need. Clear benefits are often disguised, though, by obscure language, serious misconceptions about what ‘the Semantic Web’ could or should be, and an unfortunate tendency to advocate ‘semantic technology’ per se rather than specific solutions to tangible business problems.
World Wide Web inventor Sir Tim Berners-Lee declared the Semantic Web ‘open for business’ in 2008, celebrating the ratification of the SPARQL query specification by the World Wide Web Consortium (W3C); the organisation of which he is Director. “I think we’ve got all the pieces to be able to go ahead and do pretty much everything,” he stated in an interview.