The basic tenet of a CMS system is that it differentiates between content and format, thus making it easier for content creators to focus on content and not look & feel. It also promotes content reuse and hence if same content is shown in different ways, one does not need to re-enter the content.
However, imho, [...]

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So now they’ve announced MediaBin Presentation WorkBench for PowerPoint Files. Tomorrow they’ll have a workbench for PDfs, another one for word docs, xls and so on. I’m already confused with the product lot they have - mediabin, worksite, teamsite, livesite, mailsite, records manager and a zillion others. It would be better if they could educate [...]

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This approach can be used if the external applications expose their functionality thru an http (or https) interface. There are different options to achieve the integration and following factors affect the choice:

Format of data provided by the application.
Flexibility provided by the application to customize the look and feel and other aspects
Complexity of [...]

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The fundamental essence of a web portal is its capacity to accommodate Heterogeneity - integrating many different resources for rendering a unified user experience and it’s Scalability - the ability to do so for more users than ever before. And that is what many of the clients are asking for these days.
I, along with my [...]

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