Partnership to Promote the Use of Artificial Intelligence in the Financial Services Industry

Companies in the industry generate large amounts of valuable data but face challenges to use and make sense of all that information. Artificial intelligence (AI) technologies can help solve this problem by linking and semantically enriching large amounts of data, ultimately making it more accessible. By making information available and easy to use, AI will allow companies in the sector to draw new insights from data and create new products and services. As a result, artificial intelligence is expected to generate trillions of Euros from savings and new business in the financial services industry globally.

With the goal of helping companies in the DACH region unleash the potential of enriched and organized data, the Semantic Web Company and MMG Management Consulting have entered a strategic partnership. The cooperation combines Semantic Web Company’s PoolParty Semantic Suite - the most complete and advanced semantic middleware platform on the global market - with MMG’s deep knowledge and network within the financial services and banking industry.

“We are very excited to partner with MMG Management Consulting” said Andreas Blumauer, CEO of Semantic Web Company. “The financial Services (FS) industry spent the last decades gathering data, and in turn, data management has become extremely complex. Data is often disconnected and stored in different formats, creating isolated repositories which prevent discovering new insights. We have already implemented our flagship solution, PoolParty, in various industries. With MMG Management Consulting, we have a strategic partner who knows the industry inside-out and is capable of developing respective use-cases.” said Blumauer.

“As a technology-prone management consulting boutique, we have initiated and led many process reengineering and digitization efforts within the financial services industry and have experienced first-hand the impact and inefficiency of disconnected data silos. With Semantic Web Company’s PoolParty, we found a solution that addresses the challenges of loosely connected data silos without the need for an intense overhaul of the underlying data management architecture and can unleash the extended potential of data.” said Ali Mahmoodian, Partner at MMG Management Consulting.

About Semantic Web Company

As a leading provider of graph-based metadata, search and analysis solutions, Semantic Web Company supports its customers in the development and implementation of enterprise knowledge graphs, in the extraction of useful knowledge from large data sets, and in the integration and linking of structured and unstructured data. The technology company also helps organizations to develop strategies that support the efficient introduction and implementation of innovative graph technologies.

Founded in 2004, the Semantic Web Company is the vendor of PoolParty Semantic Suite (www.poolparty.biz) and was named on KMWorld’s 2016 until 2020 prestigious list of “100 Companies that Matter in Knowledge Management.”