A group of major technology companies, including Snowflake (SNOW), Salesforce (CRM), and dbt Labs, have launched the Open Semantic Interchange (OSI), an open-source initiative to create a common language for data. This would make it easier for firms to share information across different platforms and enhance the capabilities of AI systems.
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Other key partners include BlackRock (BLK), Mistral AI, RelationalAI, and Tableau. The group plans to create a shared data framework, likely using YAML, that will be managed by an independent organization.
Here’s Why Standardization Matters
Basically, different tools and platforms often interpret the same business metrics and metadata in their own ways. This inconsistency can cause confusion, slow down the adoption of new technologies, and impact trust in AI-driven insights.
The OSI will solve this by creating a single standard for business and industry terms, making data easier to share and reliable across AI and business intelligence (BI) tools.
According to Christian Kleinerman, EVP of Product at Snowflake, this isn’t about competition but about building essential, industry-wide infrastructure. He stated, “We are proud to be leading the charge alongside our partners to solve a foundational challenge for AI—the lack of a common semantic standard.”
BlackRock has already stated that the OSI framework will be integrated with its Aladdin platform to unify the investment management process with a common data language.
It must be noted that the success of the OSI depends heavily on the adoption of the standard by major cloud and analytics providers beyond the initial founding group.
Which Is the Best AI Stock to Buy?
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Currently, Meta (META), Alphabet (GOOGL), Micron (MU), Nvidia (NVDA), and Snowflake have earned Wall Street’s Strong Buy consensus rating, with NVDA offering the highest upside potential among them.
