Legal entity identifiers are a form of semantic data. The lack of legal entity identifiers is partly at fault for the failure of investment banking firms in 2008 and after. The vital data was lacking when crucial business decisions needed to be made by organizations. Accessing risk exposure was compromised and the fallout was harsh. Search Data Management brought this news to our attention in their article, “Legal entity identifier, other semantic data mean better governance.”
Even with semantic technology power, information management for any type of business is critical for fast, easy, and comprehensive findability. One key way to ensure this is through a solid taxonomy, based on standards, built by someone with years of experience in the field. 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 taxonomies, metadata, and semantic enrichment to make your content findable.