The finance industry is no stranger to data-intensive processes. Hopefully the goal of most of those technologies is to improve and increase the data processing power. At least one technology firm is making the case that the answer to these challenges is in smarter data processing. Fierce Finance IT brought this news to our attention in their article, “Brain over brawn: Semantic technology and machine learning take new role in managing finance data.”
With a semantic technology-based platform, it is applying their power to financial processes as wide-ranging as securities master management. Semantic data aids the process because of three main benefits: its capabilities to structure unstructured data, integrate data very quickly, and deeply mine data for relationships.
Semantic technology, artificial intelligence, and machine learning continue to evolve and be used in a variety of applications. It has never been more important to have someone with the expertise and knowledge handling your content, developing your taxonomies, and making your information findable.
Melody K. Smith
Sponsored by Access Innovations, the world leader in thesaurus, ontology, and taxonomy creation and metadata application.