Tag Archive for Enterprise Data Management Council

The Office of Financial Research To Look Hard At FIBO For Financial Instrument Reference Database

Ontologies are getting a thumbs up to serve as the basis for the Office of Financial Research’s Instruments database. Last week, the Data & Technology Subcommittee of the OFR Financial Research Advisory Committee (FRAC) recommended that the OFR “adopt the goal of developing and validating a comprehensive ontology for financial instruments as part of its…

FIBO Technology Summit At SemTechBiz: Financial Industry And Sem Tech Leaders Discuss Ontology Evaluation Tools, FLORA-2's Potential, And More

Last week’s Semantic Technology & Business Conference played host to the FIBO (Financial Business Industry Ontology) Technology Summit. The event, which saw some 60 conference participants from the semantic web, financial industry and other sectors, as well as academia, was led by David S. Newman, SVP & Strategic Planning Manager Enterprise Architecture, at Wells Fargo…

SemTechBiz Puts Spotlight On Financial Industry Business Ontology

The financial services industry is taking to semantic tech in an important way, and that’s in the form of the Financial Industry Business Ontology (FIBO), which aims to standardize the language used to precisely define the terms, conditions, and characteristics of financial instruments; the legal and relationship structure of business entities; the content and time…

Financial Services Industry Sees Operational Value in FIBO

Back in March, The Semantic Web Blog wrote an article about FIBO, the Financial Industry Business Ontology that’s on its way to being an Object Management Group series of standards. There, we explored its value as an open semantic standard that can be used by financial institutions and industry regulators, both to support conformance to…

Fashionable Data Management: What’s In This Year

by Angela Guess A new article takes a look at the results of a recent report issued by the Enterprise Data Management Council regarding which data management trends are in and which are out. The article states, “Among the top forty-three unpopular [trends]: disclosure; global location number; data overload; operational risk management and golden copies.…

Ontologies Here, There, and Everywhere

What do the Open Travel Association, the Filoli historic site of the National Trust for Historic Preservation, and the Ontology Platform Special Interest Group (PSIG) at the Object Management Group all have in common? Ontologies, of course! Starting at the most obvious point, the Ontology PSIG developed the Ontology Definition Metamodel (ODM), and at the…