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AI and New Standards Promise to Make Scientific Data More Useful by Making it Reusable and Accessible

Scientific scholarship generates an unimaginable amount of data – so how do researchers keep track of it? And how do they make sure that it’s accessible for use by both humans and machines? To improve and advance science, scientists need to be able to reproduce others’ data or combine data from multiple sources to learn […]

SEND Data Standardization: Streamlining Nonclinical Study Submissions for FDA Approval

The Clinical Data Interchange Standards Consortium (CDISC) has established a set of open data standards for the representation and exchange of standardized study data collected over the course of nonclinical and clinical studies. The CDISC Standard for Exchange of Nonclinical Data (SEND) can be used to represent and exchange nonclinical study data. Regulatory agencies like […]

The Importance of Global Cooperation on Green Taxonomies

A green taxonomy is a classification system for defining the concept of environmental sustainability, which, in turn, provides clarity for investors on the economic activities and investments various jurisdictions consider sustainable or not. Prior to the existence of green taxonomies, the definition of environmental sustainability varied widely, and the impetus for the inception of the […]

How AI can help ESG Data Standardization in BFSI

The BFSI sector faces the challenge of standardizing Environmental, Social, and Governance (ESG) data, hindering effective analysis and comparison. AI presents a transformative solution by leveraging advanced algorithms and techniques to automate data processes, ensure accuracy and consistency, and facilitate compliance with reporting frameworks. For example, AI algorithms can employ data cleansing techniques such as […]

Applying Data Ontology Concepts to Protect Data

Data breaches continue to be a thorn for most organizations despite the sophisticated and innovative cybersecurity tools that are used to stop what is now the inevitable cost of doing business in a hyperconnected world. Given the growing complexity. of attacks through advanced automation, simply throwing resources at responding lacks the scale necessary to effectively […]

Singapore vs EU: Similarities and Differences Between Taxonomies

Sustainable finance taxonomies play a crucial role in guiding investments toward environmentally and socially responsible activities. Though at different stages of development, Singapore (SG) and the European Union (EU) have both developed taxonomies to support transparency on the sustainability of different economic activities and facilitate sustainable investment decisions. The most significant distinction between the two […]

UNECE, ISO, IEC and ITU Focus on Semantic Interoperability to Advance e-Business

Organizations face the challenge of efficiently integrating and making sense of vast amounts of diverse data. Semantics and semantic interoperability provide a solution by enabling the meaningful interpretation and integration of data across heterogeneous systems. To address this critical need and promote cooperation in the field of electronic business, an event was organized by the […]

EU Commission Affirms Role of Guarantees of Origin in EU Taxonomy Alignment

The European Commission has endorsed Guarantees of Origin (GOs) as a primary method for proving renewable energy consumption in line with the EU Taxonomy by requiring companies to report on ‘contractual arrangements’ for energy consumption under the newly adopted European Sustainability Reporting Standards (ESRS). This could in turn drive demand for documented renewables covered by […]

EDGAR System Upgraded to Release 23.2: Embracing IFRS 2023 Taxonomy and New Data Formats

The U.S. Securities and Exchange Commission’s (SEC) filing process is backed by the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system, which has long been at the vanguard of financial reporting. The International Financial Reporting Standards (IFRS) 2023 taxonomy was added to EDGAR in its most recent version, Release 23.2, which represents a significant advancement. […]

Hong Kong ESG Taxonomy and its Global Regulatory Synergies

Hong Kong’s Prototype of a Green Classification Framework is a taxonomy that applies to all regulated banks under the Hong Kong Monetary Authority (HKMA). A green taxonomy is essential within each financial market as it defines a common language and criteria for assessing the environmental sustainability of financial products and investments. As with the EU […]