Word of the Week - Folksonomy

A means of classifying and categorizing data on the web through collaborative efforts from the online community. Commonly known as (though not strictly synonymous to) ‘tagging’.

The basic idea behind a Folksonomy is rather than save files in a typical folder structure, you simply apply a tag to that file ('Budget' for instance). And then, when you need to find the file, you search for 'budget'. No need to click-thru that giant list of folders. Or, at least that is the basic idea.

Unfortunately, folksonomies won't improve your organizational skills.