Semantics in Financial Services -David Newman

Semantic Applications for Financial Services: Presentation to the Silicon Valley Semantic Technology Group David Newman Strategic Planning Manager Enterprise Technology Architecture and Planning Wells Fargo Bank January 14, 2010

Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Disclaimer: The content in this presentation represents only the views of the presenter and does not represent or imply acknowledged adoption by Wells Fargo Bank

The Case for Semantic Technology

Key Business and IT Drivers for Semantic Technology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Limitations of Conventional Integration and Database Technologies ,[object Object],[object Object],[object Object],[object Object],Conventional Technology Data Definition and Access Patterns Data Schema New Data Entity Physical Database New Physical Table for New Entity Application Software Business Rules in Code Access Update Define

Limitations of Conventional Integration and Database Technologies (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Limitations of Conventional Integration and Database Technologies (c0ntinued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Benefits of Semantic Technology ,[object Object],[object Object],[object Object],[object Object],Semantic Technology Data Definition and Access Patterns TBox (terminology) ABox (assertions) New Data Entity Ontology / Semantic Schema Physical Database Some Business Rules Added to Ontology Application Software Some Inferred Data Some Business Rules Removed from Code Physical Format Unchanged after New Data Entity Added Access Update Define

Benefits of Semantic Technology (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Benefits of Semantic Technology (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Benefits of Semantic Technology (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Overview of Semantic Technology

Origins ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Aristotle

Semantic Ontology Model ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Subject (domain) Predicate (property) Object (range) RDF Triples/ Statements Aligns linguistically with how we think and speak Jackson Pollock “ Convergence ”

Basic Principles of Semantic Technology ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

W3C Semantic Technology Languages ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],GRDDL/XSLT Transform W3C Semantic Language Stack OWL SPARQL RDFS SWRL (RIF) RDF GRDDL POWDER XML URI

Foundational Concepts based on Description Logic ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Assertions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Property Expressions ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Complex Classes ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Semantic Technology Providers and Adopters

(Some) Providers of Semantic Technology Pellet RacerPro Sesame OWLAPI Languages Ontology Editors Triple Stores Middleware Reasoners

(Some) Adopters of Semantic Technology

Semantic Applications for Financial Services ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Semantic Applications for Financial Services (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Implications for Enterprise Architecture and Data Management Organizations ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Recommended Semantic Technology Books and Articles

The Power of Semantic Technology: Mind over Meta Article in Data Strategy Journal Spring 2009

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Follow-up or Questions ,[object Object],[object Object]

Semantics in Financial Services -David Newman

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