The revolution of business information systems and their corresponding data stores has transformed how global organisations produce and use information. This has happened in three parallel realms: enterprise business applications, personal productivity and content applications, and the internet. With the emergence of holistic and semantic data integration technologies, innovative organisations have started to leverage the immediacy and relevance of unstructured and Web data. This has enabled the use of rich enterprise applications and processes, and in the reverse scenario, real-time data in edge-of-enterprise Web applications.

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Data management and data cleansing is one of the most challenging and most ignored problems within the financial markets industry. The issue caused by the quality of data is no more pronounced that with the risk modelling and management departments.

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