ReadWriteWeb

In the coming years, we will see a revolution in the ability of machines to access, process, and apply information. This revolution will emerge from three distinct areas of activity connected to the Semantic Web: the Web of Data, the Web of Services, and the Web of Identity providers. These webs aim to make semantic knowledge of data accessible, semantic services available and connectable, and semantic knowledge of individuals processable, respectively. In this post, we will look at the first of these Webs (of Data) and see how making information accessible to machines will transform how we find information.

Amid the dark days on Wall Street and in global markets, it seems to be up to technology to step up and deliver solid analysis and rational scrutiny. The US market regulator, the Securities and Exchange Commission (SEC), ratified a proposal on Wednesday for public companies and mutual fund companies to file their financial statements in XBRL (eXtensible Business Reporting Language). The XML-based language is also known as "Interactive Data" in financial circles and promises faster analysis with wider coverage. All things being equal, it will mitigate the poor analysis and regulation that's been contributing to stupendously bad financial decisions.