{"id":4024,"date":"2021-03-15T13:10:25","date_gmt":"2021-03-15T13:10:25","guid":{"rendered":"https:\/\/www.flare-solutions.com\/?p=4024"},"modified":"2021-03-15T13:10:25","modified_gmt":"2021-03-15T13:10:25","slug":"should-you-buy-or-build-your-taxonomy","status":"publish","type":"post","link":"https:\/\/flare-solutions.com\/FS2026\/news\/should-you-buy-or-build-your-taxonomy\/","title":{"rendered":"Should you buy or build your taxonomy?"},"content":{"rendered":"\n
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A taxonomy is a hierarchical list used for classifying things, such as documents and other content and will ensure that they are easier to find and retrieve. Building a taxonomy will ensure that it fits your very specific needs, but it will take a great deal of time, skill, knowledge and budget, any of which could be in short supply. Buying an industry-specific taxonomy will give you immediate benefit and will remove the pain of creating one yourself. It will also be interoperable with other organisations that you may deal with.<\/p>\n\n\n\n

The table below shows some of the outcomes from both approaches.<\/p>\n\n\n\n

\n\n\n\n\n\n\n
\u00a0<\/td>\nPurchased Taxonomy<\/strong><\/td>\nCustom Created Taxonomy<\/strong><\/td>\n<\/tr>\n
Completeness<\/strong><\/td>\nStarts at a high level of completeness
Ongoing maintenance across multiple clients ensures currency<\/td>\n		Long lead time to establish basic coverage
High levels of coverage may be unachievable<\/td>\n<\/tr>\n
Cost of Ownership<\/strong><\/td>\nHigher initial cost
Lower life-time cost<\/td>\n		Initial perceived cost may be low
Higher ongoing maintenance and development costs
Cost of internal\/diverted resources<\/td>\n<\/tr>\n
Value<\/strong><\/td>\nLow risk
High initial value<\/td>\n		High risk
Low initial value
High value if successful<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n\n\n\n

Flare’s approach allows you to embed a sophisticated, off-the-shelf taxonomy, and combine it with custom classes to meet any specific needs.\u00a0 Flare also offers a service to manage your taxonomies, to keep it up to date with industry and technology trends.<\/p>\n\n\n\n

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A taxonomy is a hierarchical list used for classifying things, such as documents and other content and will ensure that they are easier to find and retrieve. Building a taxonomy will ensure that it fits your very specific needs, but it will take a great deal of time, skill, knowledge and budget, any of which could be in short supply. Buying an industry-specific taxonomy will give you immediate benefit and will remove the pain of creating one yourself. It will also be interoperable with other organisations that you may deal with.<\/p>\n

Flare’s approach allows you to embed a sophisticated, off-the-shelf taxonomy, and combine it with custom classes to meet any specific needs. Flare also offers a service to manage your taxonomies, to keep it up to date with industry and technology trends.<\/p>\n","protected":false},"author":1,"featured_media":4031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","content-type":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[3],"tags":[43],"class_list":["post-4024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-taxonomies"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/flare-solutions.com\/FS2026\/wp-json\/wp\/v2\/posts\/4024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flare-solutions.com\/FS2026\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flare-solutions.com\/FS2026\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flare-solutions.com\/FS2026\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/flare-solutions.com\/FS2026\/wp-json\/wp\/v2\/comments?post=4024"}],"version-history":[{"count":0,"href":"https:\/\/flare-solutions.com\/FS2026\/wp-json\/wp\/v2\/posts\/4024\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flare-solutions.com\/FS2026\/wp-json\/wp\/v2\/media\/4031"}],"wp:attachment":[{"href":"https:\/\/flare-solutions.com\/FS2026\/wp-json\/wp\/v2\/media?parent=4024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flare-solutions.com\/FS2026\/wp-json\/wp\/v2\/categories?post=4024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flare-solutions.com\/FS2026\/wp-json\/wp\/v2\/tags?post=4024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}