A recent study revealed that an open standard for fixed-income reference data would better coordinate taxonomies, even with the Enterprise Data Management (EDM) Council’s Financial Industry Business Ontology (FIBO). Waters Technology brought this news to our attention in their article, “Study Recommends Open Standard For Taxonomies.”
Standards create consistency and in taxonomies, that is key for success. The common language and classification from the beginning result in fast and thorough results.
Proper indexing against a strong standards-based taxonomy increases the findability of data. 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.