Hypercube works in the financial sector to deliver business domain modelling, data architecture, mapping and systems integration services. Our focus is developing an understanding of the business meanings of data elements and messaging terms across the organisation.
We deliver this using the latest Semantic Web technology, including ontology, taxonomy modelling, business process and choreography. We have been at the forefront of developing a methodology for creating the kind of concept-centered ontology that can be used for common business language and cross-platform integration.
We focus on applying the science of semantics to real world data management problems such as integration, reporting and business rules implementation. Mike Bennett has been central to the development of a methodology which brings together the knowledge engineering and semantic technology aspects of this problem. This methodology, based on the work carried out for the Financial Industry Business Ontology (FIBO), takes semantics beyond the technology sphere by applying well-established principles from information science and applied ontology. The methodology also covers the different kinds of models that may be used in technology development and in business communications - essentially a geometry of meaning.
Hypercube is part of the Semantic Shed, an informal community of practice for the development and deployment of conceptual business ontologies. This community continues to develop the above methodology and framework.
Ontologies are based on formal logic, which is expressed using standard notations for capturing semantics, such as the emerging "Semantics for Modeling and Information Federation" (SMIF) standard and the the widely used Web Ontology Language (OWL) so that the content can be used in development and design of data structures and messaging.
Part of the methodology is the provision of business-readable formats for capturing and displaying meanings for data terms, with no technical formatting or arcane graphical language. This provides an easily readable graphical summary for business domain experts to review and validate the content of data models.
By understanding the meaning of data terms across the organisation clients can integrate systems, re-use data and communicate more effectively, providing the best return on the value of your data assets.
We believe our approach is the key to enterprise data management. It allows optimal use of data resources, effective and future-proof systems integration and transparent end-to-end communication across the entire supply chain.
The Applied Semantics Summer Camp took place in the week of August 22 - 26 near Carmarthen, Wales.
This was an informal time of teaching and exploration on the industrial application of applied ontology. This event was aimed at business analysts and systems analysts wishing to extend their skill set into this new and we think profitable area where technology meets applied philosophy. The intended outcome was for participants to be able confidently to create or extend reference ontologies for use in integration and reporting and beyond. A technical track focussed on different physical applications of semantic technology while the business track dived deeper into conceptual semantics.
The course started with a basic grounding in cognitive science and philosophy, followed by more detailed development of the new methodology. Areas covered included classification theory, concept formation, terminology, re-use of established ontologies and so on. Invited speakers covered a number of aspects of these topics. In-depth sessions will included types of formal logic, how to frame different logical expressions, how to use different ontological "partitions", ontology design patterns, design of operational ontologies for inference processing applications and so on. There was also a less formal component in which we brainstormed a number of possible novel applications that are made possible by the use of this kind of ontology.
If you have heard about the "Semantic Web", or if you have had to deal with issues of common meaning across disparate data sources, there will have been something in this for you. Note that this was intended to be complementary to more technically-focused ontology training. The focus here was to take the work being done in the "Applied Ontology" academic community and explore how we can use it in solving day to day business problems.
We hope to repeat and extend this in future years - please stay tuned or mail us to indicate your interest. The Summer Camp material can also be presented within a client firm, either in-house or as an off-site boot camp.
The immediate outcome of the Summer Camp was the creation of a new and growing community of practice, called the Semantic Shed. Associated with this is a growing list of freelance consultants and small firms who have contributed to the methodology and are able to deliver results based on this thinking.
In this webinar in 2015, Mike Bennett set out the conceptual ontology modeling principles which are such a central part of how Hypercube delivers.
A complete recording of the webinar is available here.
or downloadable as a ZIP File here.
Slides are available here or on Slideshare.
We may re-run this webinar again in the near future - let us know if you are interested.
In April 2008, the Enterprise Data Management Council (EDMC) appointed us to develop a global Financial Industry Business Ontology (the Semantics Repository). Mike Bennett is working with the EDM Council to complete this industry resource.
A good starting point for understanding this work, please refer to these slides. Other explanatory presentations and papers are available in the "Papers" section of this site.
As of 2014 work is ongoing in collaboration with the Object Management Group (Finance Domain Task Force) to elevate the Semantics Repository to a series of OMG standards for use by the industry.
For details of the OMG standardization work and progress please refer to the OMG FIBO Working Wiki
Full background and details of this work can be found in this Slide deck which was presented to the OMG's Ontology PSIG at the OMG Quarterly Meeting in Salt Lake City, Utah in June 2011.Follow @MikeHypercube