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Cambridge Semantics Underscores Need for Smart Data during “Data Demonstration Day” on Capitol Hill

May 22, 2013

DATA Act fuels interest in how the U.S. Federal Government can achieve spending transparency through technology.

Boston, MA (PRWEB) May 22, 2013

Cambridge Semantics was one of just 22 companies invited to present at last week´s “Data Demonstration Day” on Capitol Hill, hosted by The Data Transparency Coalition. Cambridge Semantics joined EMC, Google, Microsoft and others to showcase how innovative data management applications can address the requirements of the proposed Digital Accountability and Transparency Act (DATA Act).

Originally introduced in 2011 by Committee Chairman Darrell Issa (R“CA) and Sen. Mark Warner (D“VA ), the DATA Act is designed to provide transparency into U.S. Federal Government spending. Under this legislation the government will be required to adopt standard identifiers and markup languages for its spending data. At the event, Cambridge Semantics demonstrated how the federal government will need to adopt a “Smart Data” approach to enable new, flexible, accessible, and fully interactive views into spending data.

“Data standards–in either government or industry–are a foundational building block to letting people and organizations exchange and understand information. Smart data standards go one step further and help organizations reuse and link together disparate data sets to really see the big picture,” said Cambridge Semantics co-founder and VP of Marketing & Technology, Lee Feigenbaum. “We are honored to have had the opportunity to showcase the power of semantics-based solutions as Congress and the federal government consider how Smart Data initiatives can address potential DATA Act requirements.”

Smart Data solutions are already being used by large pharmaceutical and financial institutions to address a variety of enterprise data management and end user data consumption challenges. From risk analysis to fraud surveillance, financial compliance to competitive intelligence, Cambridge Semantics provides an open platform for building interactive Smart Data solutions based on semantic technology.

To learn more about Cambridge Semantics visit http://www.cambridgesemantics.com.

About Cambridge Semantics

Cambridge Semantics provides the award-winning Anzo software suite, an open platform for building interactive Unified Information Access (UIA) solutions. Enterprises face an increasing need to rapidly discover, understand, combine, and act on data from diverse sources both from within and across organizational boundaries. Anzo makes it easy for both IT and end users to deal with this need by rapidly creating solutions that leverage unified access to structured and unstructured data from varied sources in the context of specific business problems.

Cambridge Semantics is privately held and based in Boston, Massachusetts. For more information visit http://www.cambridgesemantics.com or follow us on Twitter @CamSemantics.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/5/prweb10758278.htm


Source: prweb