For Wall Street, a Matter of Semantics
New standards, technologies, products prompting adoption
Semantics--the study of meaning in language--may date back to the ancient Greeks, but only now is a technological take on the subject gaining traction on Wall Street. Due in large part to the ever-escalating volumes of data that trading firms must digest on a daily basis--Aite Group reports a near-quadrupling of U.S. equity messaging since December 2006--they are turning to so-called semantic technologies for help.
Semantic technology applies meaning, or markers, to disparate data and text in a standardized manner, making them machine-readable and interoperable, which allows computers to more easily correlate information, communicate about it, and then make the big jump--performing tasks that call for reasoning and inference.
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