Wizdom Founder Dennis E. Wisnosky appointed to lead the standards implementation process for the Enterprise Data Management Council’s Financial Industry Business Ontology (FIBO) suite of standards"
 
For Immediate Release: February 11, 2013
Contact: Robin Davies
Wizdom Systems, Inc.
630.357.3000
EMAIL:RobinD@wizdom.com
Wizdom.com
  
Wizdom Founder Dennis E. Wisnosky appointed to lead the standards implementation process for the Enterprise Data Management Council’s Financial Industry Business Ontology (FIBO) suite of standards
Wisnosky will provide technical strategy and operational guidance
  

Naperville, IL, February 11, 2013 Wizdom Founder Dennis E. Wisnosky has been appointed to lead the standards implementation process for the Enterprise Data Management Council’s Financial Industry Business Ontology (FIBO) suite of standards. Wisnosky will provide technical strategy and operational guidance to help the Council finalize and implement FIBO standards.

"I am extremely honored to have the opportunity to work with the Council and its members on this most exciting product," said Dennis Wisnosky.  "FIBO, as it evolves, will prove to be the single business and technology solution that will both lower the cost of data management within financial industry firms, and provide the transparency to government regulators now required by law."

The Enterprise Data Management (EDM) Council is a not-for-profit trade association dedicated to addressing the practical business strategies and technical implementation realities of enterprise data management. The Council’s initiatives are based on the legal structures and obligations contained within the myriad of contracts that form the foundation of the financial industry. The Council has constructed this content into a business conceptual ontology that formally models the reality of how the financial industry operates.

Wisnosky brings extensive experience with enterprise architecture, ontology development and semantic deployment.
He is the former the Chief Technology Officer and Chief Architect in the U.S. Department of Defense Business Mission Area (BMA), within the Office of the Deputy Chief Management Officer (DCMO). In this role, Wisnosky was responsible for providing expert guidance and oversight in the design, development and modification of the federated architectures supporting the Department's Business Mission Area. This position incorporated oversight of the DoD Business Enterprise Architecture (BEA), Business Process Reengineering (BPR) and the corporate level systems, processes and data standards common across the DoD, and included Wisnosky leading the transformation of architecture-driven business systems and services development and deployment. Wisnosky focused substantially on data ontology, semantic web methods, Services Oriented Architecture and cloud computing throughout his tenure at the DoD.   In addition to multiple awards and accolades he received while in the private sector, Wisnosky received the FED 100 Award in 2006 and the Excellence in Government Leadership Award in 2011 in recognition of his accomplishments and contributions to the federal sector. 

FIBO presents the facts about financial instruments, business entities, loans, market data, transactions and corporate actions in a technology-neutral format along with precise definitions and defined business relationships. The open source FIBO initiative standardizes the language of financial contracts and promotes unambiguous shared meaning among all participants in the financial industry.

For more information about Dennis E. Wisnosky and the services Wizdom provides to improve semantic web technology, enterprise architecture, service oriented architecture and business processes, please contact Robin Davies at 630.357.3000 or RobinD@wizdom.com.

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