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Unleashing the Power of Semantic Layers: Simplifying Data Re(use) and Integration

Organizations grapple with the imperative of effective data management and integration in the era of data-driven decision-making. Customers frequently express concerns about consolidating data from multiple sources and exposing it to various applications. In the pharmaceutical and life sciences R&D sectors, the challenge of integrating and linking data generated at different stages of the research […]

AtScale Launches SML to Standardize Semantic Modeling and Foster Collaboration

AtScale has unveiled the open-source release of its Semantic Modeling Language (SML), a groundbreaking move aimed at promoting semantic model portability and fostering a thriving community of model builders. By establishing a unified modeling language, AtScale, a pioneer in data analytics acceleration, envisions creating a vast repository of shareable semantic models to facilitate seamless transfer […]

Overcoming AI Hallucinations with RAG and Knowledge Graphs

Generative AI relies on vast amounts of data to generate responses to user queries. For instance, OpenAI’s GPT-3 was trained on the massive CommonCrawl data set comprising 570 gigabytes and 400 billion tokens. However, these data sets, although enormous, are static snapshots that cannot respond to queries about events unfolding in real-time. AI responses can […]

SNOMED International Welcomes Hungary to a Growing and Global Community of Practice

SNOMED International announced that Hungary has become a SNOMED International Member. Hungary joins a community of 49 Members globally. It is the fifth following the announcement of EU funding for Member states wishing to adopt SNOMED CT. SNOMED CT is a comprehensive, multilingual healthcare terminology created by healthcare professionals to capture the care of individuals […]

ESMA’s Long-term Vision on the Functioning of the Sustainable Finance Framework

The European Securities and Markets Authority (“ESMA”) recently published an opinion reflecting its long-term vision on the Sustainable Finance Regulatory Framework (the “Opinion”). The Opinion provides suggestions, proposals for amendments, and insights on the current challenges of the regulatory framework applicable to sustainable finance (the “Framework”). According to ESMA, the Framework aims to ensure financial […]

How Will Australia’s New Sustainable Finance Taxonomy Impact the Mining Sector?

The Australian Sustainable Finance Institute (ASFI) is developing an Australian taxonomy following the development of sustainable finance taxonomies in the European Union, ASEAN, and other important markets. The taxonomy solidifies the Federal Government’s mission to drive a net-zero transition domestically and internationally through various regulatory tools. The taxonomy is complex, evolving, and subject to continuous […]

UK Regulators Launch Consultation on the Future of Digital Financial Reporting

The Financial Reporting Council (FRC) and other UK regulators have launched a wide-ranging consultation on the future of digital financial reporting in the country, signaling potential significant changes to how companies submit financial information. The recently released discussion paper addresses key developments in the regulatory landscape following the UK’s exit from the European Union and […]

IAB Tech Lab Unveils New Privacy Taxonomy for the Digital Media Sector

The IAB Tech Lab, a nonprofit organization that sets standards for the digital media industry, introduced a new framework designed to standardize the way that businesses manage and classify personal data. The new IAB Tech Lab Privacy Taxonomy seeks to improve transparency and streamline privacy compliance across digital advertising. The goals of the taxonomy are […]

IASB Looks to Update Accounting Taxonomy

Following the IASB’s exposure draft on renewable energy contracts, the board proposed to update the IFRS Accounting Taxonomy 2024 to reflect the proposed disclosure requirements. To ensure timely integration with the IFRS Accounting Taxonomy 2025, scheduled to be published in March, the IASB obtained permission from the Due Process Oversight Committee to publish the proposed […]

Understanding the GRI Mandate and Its Taxonomy: A Pathway to Transparent and Sustainable Reporting

In today’s business landscape, transparency and accountability are not just buzzwords; they are essential components of corporate sustainability. As stakeholders increasingly demand more comprehensive and reliable sustainability reports, frameworks like the Global Reporting Initiative (GRI) have gained prominence. The GRI mandate and its accompanying taxonomy are central to this movement, providing a standardized approach to […]