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Partnership to Promote the Use of Artificial Intelligence in the Financial Services Industry
VIENNA, ZURICH, 1 July 2020 - Semantic Web Company, a leading semantic knowledge graph provider and MMG Management Consulting, a specialized management consulting boutique announced a partnership to promote the use of innovative artificial intelligence technologies in the DACH region’s financial services industry.
Ali Mahmoodian
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.”
The company has recently been added to Gartner’s Magic Quadrant of Metadata Management Solutions in the category Visionary. Andreas Blumauer, Founder and CEO has been nominated to the Forbes Technology Council.
With Credit Suisse, Roche, Wolters Kluwer, Pearson and Phillips among their customer base of Forbes Global 2000 List, Semantic Web Company is continuously helping customers to roll-out their knowledge management and AI strategy within their organizations.
Semantic Web Company is headquartered in Austria, with branches in the UK, US and France. To learn more, visit semantic-web.com and www.poolparty.biz or follow them on LinkedIn and Twitter.
About MMG Management Consulting
MMG Management Consulting is a technology-prone management consulting boutique specialized in sourcing, digitalization and banking services and dedicated to addressing performance and efficiency by implementing emerging technologies in matured industries as well as mature technologies into traditionally conservative industries.
Within the financial services and banking industry, MMG combines a strategic approach with deep industry expertise driving performance improvement and innovation by fostering digitalization, distributed ledger technologies and artificial intelligence.
Having its roots in 1990s as a spin-off of a major consulting company, MMG Management Consulting was established in 2012 in Switzerland and 2016 in Austria.
Over the past 5 years, MMG Management Consulting has served some 50 clients; many of which are on the Forbes Global 2000 list.
To learn more, visit www.mmgmc.ch or follow them on LinkedIn.
For more information, please contact:
Danilo de Oliveira Pereira
Marketing Project Manager
Semantic Web Company GmbH
PoolParty Software Ltd.
Neubaugasse 1/ Top8
1070 Vienna
+43-(0)6604321499
www.semantic-web.com
Rachel Lim
Manager
MMG Management Consulting (Schweiz) AG
Lintheschergasse 13
8001 Zurich, Switzerland
+41 44 520 0896
www.mmgmc.ch
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