AUSTIN, TX and OSLO, Norway, February 24, 2010--POSC Caesar Association (PCA) and FIATECH have agreed on a single “Joint Operational Reference Data” project plan to create in 2010 a stable, scalable and commercially-viable operation of the ISO15926 reference data system and associated services.
Boards of both member organizations have already agreed funding for the front-end phase to start in March, with a governance board and project manager already in place.
A key deliverable of this phase is the business model for the remainder of the investment project and the sustainable longer term operation, providing industry with free access to reference data in perpetuity. Existing and new members will be able to provide further investment in the implementation phases in the remainder of 2010.
“So much of what ISO15926 promises is already proven, and what industry now demands is a flexible, scalable and sustainable reference data operation on which business interoperability can depend. This joint FIATECH and PCA project will deliver that operation,” explains Ric Jackson, Director, FIATECH.
Nils Sandsmark, General Manager, PCA adds “the existing PCA reference data system and services have been developed over many years and were declared operational in 2009. PCA welcomes this opportunity to work with FIATECH to extend the global reach and scope of the joint reference data operation.”
“Come and see for yourself and share your expectations with us in ISO15926 workshops at the upcoming conferences,” adds Ian Glendinning, Joint Project Manager.
ISO15926 – provides unambiguous shared reference data that enables interoperability across disparate business and technical systems throughout the whole energy and capital facilities industries life cycles. Reference data comprises content as a Reference Data Library (RDL) that is an extensible Work-in-Progress (WIP), enabled and supported by Reference Data Services (RDS). That reference data ranges from basic dictionary terms to sophisticated information usage patterns supporting the most advanced semantic web uses as well as simple file exchanges.
POSC Caesar Association - PCA started as a Norwegian R&D project in 1993 to develop open standards for information integration and interoperability and became the international PCA members association in 1997. Having created ISO15926, it continues to support its development and use, and currently operates the PCA Reference Data Service. See http://www.posccaesar.org
FIATECH - is an industry consortium that provides global leadership in identifying and accelerating the development, demonstration and deployment of fully integrated and automated technologies to deliver the highest business value throughout the life cycle of all types of capital projects. See http://fiatech.org