EDM Council Begins Development of FIBO
Architect of ontology points to practical allocations, issues readiness evaluation system
The EDM Council has begun efforts to engage its members in further development of its Financial Industry Business Ontology (FIBO), created in collaboration with the Object Management Group (OMG) standards consortium.
Practical applications for FIBO are beginning with harmonization, scenario-based analytics, business process automation and inclusion in web infrastructure for securities processing, according to Mike Atkin, managing director of the EDM Council, who spoke in a January 21 webinar
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