In the face of small, one or two word queries, high volumes of diverse docu
ments on the Web are overwhelming search and ranking technologies that are
based on document similarity measures. The increase of multimedia data with
in documents sharply exacerbates the shortcomings of these approaches. Rece
ntly, research prototypes and commercial experiments have added techniques
that augment similarity-based search and ranking. These techniques rely on
judgments about the 'value' of documents. Judgments are obtained directly f
rom users, are derived by conjecture based on observations of user behavior
, or are surmised from analyses of documents and collections. All these sys
tems have been pursued independently, and no common understanding of the un
derlying processes has been presented. We survey existing value-based appro
aches, develop a reference architecture that helps compare the approaches,
and categorize the constituent algorithms. We explain the options for colle
cting value metadata, and for using that metadata to improve search, rankin
g of results, and the enhancement of information browsing. Based on our sur
vey and analysis, we then point to several open problems.