Taxonomies Can Help Standardization

January 4, 2012 / Melody Smith / Comments Off on Taxonomies Can Help Standardization

The International Swaps and Derivatives Association (ISDA) has released a report that attempts to standardize products that exist in the world of over-the-counter (OTC) derivatives. This venture into taxonomies will help compliance efforts by improving the reporting under new regulations.

This interesting news was found on FinCad in their article, “ISDA releases draft derivative taxonomies.” This system of classification is in response to a request for more information in the market for these risk management tools. The taxonomies will probably evolve over time as new products are created and additional feedback is received.

A solid taxonomy can make content more discoverable. Find a professional to help you create a standards-based taxonomy so your content is findable and your customers are happy. Access Innovations is one of a very small number of companies able to help its clients generate ANSI/ISO/W3C-compliant taxonomies.

Melody K. Smith

Sponsored by Access Innovations, the world leader in thesaurus, ontology, and taxonomy creation and metadata application.

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Melody Smith

Melody K. Smith has provided organizational, social media and digital communication services to a large non-profit for the past twenty years. Prior to that she championed employee engagement and communications in the healthcare field. She holds a Bachelors degree in Marketing. When not wrangling and writing TaxoDiary content for your reading pleasure, Melody writes fiction, rescues dogs and throws legendary dinner parties.