[Editor’s Note: As our own Jennifer Zaino recently reported, the Enterprise Data Management (EDM) Council, a not-for-profit trade association dedicated to addressing the practical business strategies and technical implementation realities of enterprise data management held a two day FIBO Technology Summit in conjunction with MediaBistro’s Semantic Technology & Business (SemTechBiz) Conference, June 7th and 8th in San Francisco, California.  SemTechBiz was chosen for the summit because of its close proximity to the leading minds in Silicon Valley.
 
In afternoon and morning sessions, lead by distinguished academic and industry leaders, 60 top developers discussed 4 key technology challenges and developed plans that will lead to solutions critical to simultaneously lowering the cost of operations in financial institutions and ensuring the transparency required by regulations put in place since the beginning of the financial crisis of 2008.
 
Michael Atkin, EDM Council Managing Director began the deliberations with the following charge to the assembled experts.]

Photo of Mike Atkin, Managing Director, EDM CouncilI spent the majority of my professional life as the scribe, analyst, advocate, facilitator and therapist for the information industry.   I started with the traditional publishers and then moved on to my engagement in the financial information industry.  I watched the business of information evolve through lots of IT revolutions … from microfiche to Boolean search to CD-ROM to videotext to client server architecture to the Internet and beyond.

At the baseline of everything was the concept of data tagging – as the key to search, retrieval and data value.  I saw the evolution from SGML (which gave rise to the database industry).  I witnessed the separation of content from form with the development of HTML.  And now we are standing at the forefront of capturing meaning with formal ontologies and using inference-based processing to perform complex analysis.

I have been both a witness to (and an organizer of) the information industry for the better part of 30 years.  It is my clear opinion that this development – and by that I mean the tagging of meaning and semantic processing is the most important development I have witnessed.  It is about the representation of knowledge.  It is about complex analytical processing.  It is about the science of meaning.  It is about the next phase of innovation for the information industry.

Let me see if I can put all of this into perspective for you.  Because my goal is to enlist you into our journey.  Read more