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On Canonical Companies
Creating universal systems of record
In Information Technology and tech startups, we talk about “systems of record”. It’s a system that is the source for a particular data that may also exist in other systems. That “system or record” is the ultimate source of truth. It’s the canonical record of data.
We often talk about these systems as the place a single company puts data they can refer to later as the single source of truth. A modern company will have a bunch of systems of record including products from companies like: SAP, Microsoft, Oracle, Intuit, Workday, Salesforce, Atlassian, etc.
As we move into the federated and distributed world of IoT and AI, new companies will need to be formed to store and process common data at the next layer of abstraction above these names. This is the universal system of record.
As we move into the federated and distributed world of IoT and AI, new companies will need to be formed to store and process common data at the next layer of abstraction above these names.
This is the universal system of record.
