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SEC Accepts 2024 GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy

The Financial Accounting Standards Board (FASB) announced that the U.S. Securities and Exchange Commission (SEC) accepted the 2024 GAAP Financial Reporting Taxonomy (GRT) and the 2024 SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”). The FASB also finalized the 2024 DQC Rules Taxonomy (DQCRT), which together with the GAAP Taxonomy are collectively […]

The Competitive Advantages of Connecting Data with a Semantic Layer

Life sciences companies are overwhelmed with the amount of data available in their organization. These vast amounts mean that valuable data is often overlooked during decision-marking or is not reused properly, impacting resources and efficiencies. On top of this, more and more publicly available and licensed data is becoming available. This data can be extremely […]

OAGi Releases IOF Core Ontology Version 202401

The Industrial Ontologies Foundry (IOF) announced the 202401 release of its suite of ontologies. Historically, this is the second release. The release contains enhancements to the IOF Core Ontology. They include constructs that enable precise expressions of temporal relations between events and processes and powerful constraint-checking and inferencing capabilities on them. The flexibility to use […]

Embracing the Future of Sustainable Finance: The Singapore-Asia Taxonomy

The Singapore-Asia Taxonomy was launched in December 2023. The framework provides detailed thresholds and criteria for defining green and transition activities across eight key sectors, which represent 90% of Asia’s greenhouse gas (GHG) emissions. The Singapore-Asia Taxonomy is a guiding framework that will benefit businesses, and financial institutions who adopt it by helping them to […]

Transforming Manufacturing with the Help of Ontologies

Manufacturing ontologies play a crucial role in the architecture and improvements of manufacturing systems, particularly in the context of Industry 4.0. They provide an effective way to manage information and data from production systems by describing them in a common language, which is critical for digital transformation. Also, Ontologies provide semantic support for sharing and […]

CFTC Advisory Committee Votes to Advance Digital Assets Taxonomy

The Commodities Futures Trading Commission’s (CFTC) Global Markets Advisory Committee (GMAC) recently voted to advance the Digital Asset Markets Subcommittee’s taxonomy recommendation to provide consistent language for participants in the digital asset ecosystem and “support U.S. regulatory clarity and international alignment.” It aims to standardize terminology for classifying assets and their functions to provide increased […]

Ontology Mapping: Finding the Right Automated Approach

Ontologies are crucial for unlocking information. However, similar types have been created for different needs, reducing their interoperability. Critical for knowledge integration is the ability to reconcile terms from one ontology to related concepts in other ontologies. Performing ontology alignments can be complex, often requiring subject matter expertise to recognize context and nuance. Several unsupervised […]

Semantic Tagging: Create Meaningful Tags for your Text Data

Textual information can be found in almost every area of individual and organizational activities. Handling this huge amount of data and harnessing its power requires the implementation of effective data strategies. Due to the difficulties and costs of implementing the appropriate policies, much of this valuable information is often overlooked and not effectively exploited. Textual […]

Colombia Unveils New Taxonomy Guidelines to Accelerate Green Finance

In April 2022, the Colombian Government launched the first Taxonomy in Latin America and the Caribbean (LAC) to support the mobilization of capital for sustainability objectives. This milestone not only marks the region’s first-ever taxonomy but also positions Colombia as a trailblazer, with a high level of interoperability with the EU Taxonomy. Aligning with international […]

Introducing hybrid search: combining full-text and semantic search for optimal balance

The rapid advancement of AI technology is undeniably reshaping human-machine interactions. Historically, communication with machines necessitated intermediaries like programming languages and structured scripts. Now, with the arrival of GPTs and AI-assisted bots, machine-learning models are approaching a deeper comprehension of natural human language. This evolution brings humans and machines closer, changing how we seek and […]