Semantic webs and the future of operational risk

The power of a common language of finance

David Saul, State Street

In 1998 Tim Berners-Lee, the inventor of the World Wide Web, wrote a paper entitled 'Semantic web roadmap'. In the paper he explained that the web was designed as an information space, with the goal that it should be useful for not only human-to-human communication, but also that machines would be able to participate and help. He went on to say the following: "One of the major obstacles to this has been the fact that most information on the web is designed for human consumption, and even if i