Ontologies Gain Importance

Strapline: Regulation & Standards

david-saul-state-street

The financial industry must familiarize itself with ontologies, stated David Saul, vice president and chief scientist at State Street Corporation, who spoke at the recent North American Financial Information Summit.

"Data is traveling not only with its representation, but its meaning and relationship to other data," he said. "Think about what that opens up in its ability to do things with that data, which we couldn't do before."

The hurdle to implementing ontologies has typically been translatio

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