"As one of the most influential artists of her generation, Taylor Swift has seen incredible success on the Billboard charts,” said Janice Min, co-president and chief creative officer of Guggenheim Media's Entertainment Group, which consists of Billboard and The Hollywood Reporter. "Over the course of her career, she’s charted 60 entries on the Billboard Hot 100 -- the most of any female artist since her debut in 2006. We are tremendously excited to be honoring her as the 2014 Billboard Woman of the Year for the second time."
The award goes to the female artist who "has shaped and inspired the music industry with her success, leadership and innovation over the past twelve months."