VendEx Solutions Patents the Standard Identifier for Data
Summary
The VID identifies the ownership and provenance of all data, which is necessary for the control of intellectual property as generative AI accelerates the demand for data in training large language models. "The VID creates transparency and consistency in data descriptions, captures data provenance, and eliminates invoicing frictions that create a financial drag on the market. The ability to apply this identifier to all data will be the first step in eliminating some of the frictions that are starting to appear in the Artificial Intelligence space." VendEx provides a data and vendor management ecosystem built on a foundation of industry standard identifiers and a digital directory of vendor products and services, powering a suite of sophisticated integrated tools and workflows for both data management and data vendors. VendEx began in financial services and has expanded its solutions for data provenance and usage rights to other data-rich industries as the need for governance around generative AI and LLM explodes.