49. A machine-readable storage medium having thereon instructions, which when executed by at least one computer: (A) collect context data from a plurality of applications that use a context management system; (B) store data corresponding to the collected context data on a centralized storage location; and (C) extract audit information by processing at least a subset of the data stored on the centralized storage location, wherein any of the plurality of applications supports the CCOW standard set; and wherein the machine-readable storage medium further comprises instructions which, when executed: (D) convert context data from a first data format to a second data format.
49. A machine-readable storage medium having thereon instructions, which when executed by at least one computer: (A) collect context data from a plurality of applications that use a context management system; (B) store data corresponding to the collected context data on a centralized storage location; and (C) extract audit information by processing at least a subset of the data stored on the centralized storage location, wherein any of the plurality of applications supports the CCOW standard set; and wherein the machine-readable storage medium further comprises instructions which, when executed: (D) convert context data from a first data format to a second data format. 55. The machine-readable storage medium of claim 49 , further having instructions, which when executed: (E) prevent execution of the data-access event if the data-access event is not authorized.