| | This event has been rescheduled to a future meeting date -TBA. IF you would like to receive updates, please send a request to [email protected] | | Introduction | Agenda |All Special Events | Become A Sponsor |
OMG Standards in Support of Business Communication | AGENDA | | 8:30 - 9:00 am | Registration | | 9:00 - 9:15 am | Welcome and Opening Remarks | | Andrew Watson, Vice President and Technical Director Object Management Group and John Hall, Model Systems | | 9:15 - 10:15 am | Keynote Presentation: Language Drives Business | | Kara Warburton, Consultant in Terminology Management, Termologic and International Chair of ISO Technical Committee 37 | Abstract: If developed properly, terminologies, vocabularies, and other lexical resources are tangible digital assets that can be used as effective business drivers. They are the DNA of communication processes that are becoming increasingly semi-automated through technologies such as controlled authoring and computer-assisted translation. Furthermore, these linguistic assets can enhance search, content management, and virtually any business process that needs to mine language. There is a mad rush to find ways to unlock the knowledge potential from massive volumes of unstructured content. Rationally structured terminology and other lexical resources could be a key part of the solution.
BIO: Kara Warburton is an expert in developing and managing terminologies and vocabularies. She holds a PhD degree and over 20 years experience in this field. She leads the development of international standards and best practices and is currently the International Chair of ISO Technical Committee 37, which publishes standards for terminology and other language resources. She operates a consultancy in terminology management which services international organizations and global enterprises. | | 10:15 - 10:30 am | Break | | 10:30 - 11:15 am | The Financial Industry Business Ontology | | Mike Bennett, Enterprise Data Management Council | | Abstract: The Financial Industry Business Ontology (FIBO) is an initiative to provide standardized, shared meaning across the financial services industry. Selected components of FIBO are being progressed through the OMG as a set of formal standards optimized for semantic technology applications. At the heart of FIBO is the Business Conceptual Ontology, a business reference model that provides the foundational semantics for these application ontologies. Mike will outline how the conceptual ontology addresses the requirements for unambiguous common meaning and how it bridges the space between business semantics and practical applications. Bio: Mike Bennett is the Head of Semantics and Standards at the EDM Council. He is the architect and editor of the Financial Industry Business Ontology (FIBO) and represents the Council within the Object Management Group and on ISO technical standards committees. He has over 15 years of experience with investment management standards and software. | | 11:15 - 12:00 noon | Applying OMG Standards to Contracts and Regulations | | John Hall, Model Systems | Abstract: Some methodology considerations for: analyzing and standardizing regulations and contracts, primarily using SBVR and the FIBO conceptual ontology; and developing rules and policies with SBVR. Examples are drawn from regulations for healthcare and finance and from contracts for international financial trading
BIO: John is a principal consultant with Model Systems, based in London, England. He has more than 40 years' experience in business and IT systems. John is active in OMG in the SBVR, Business Motivation Model (BMM) and Decision Modeling and Notation (DMN) task forces, and is co-chair of the Regulatory Compliance Special Interest Group. He is a charter member of the Business Rules Group and a board member of RuleML. | | Noon-1:30 pm | Lunch Break | | 1:30 - 2:15 pm | Case Study: Financial Regulations and Compliance - a Business Perspective | | Elie Abi-Lahoud, Governance, Risk and Compliance Centre, Ireland | | Abstract: Governance, Risk and Compliance (GRC) Information Systems provide key functionalities - ranging from risk program management to regulatory monitoring and reporting - to different stakeholders within an enterprise. Traditional approaches to GRC have proven to be ineffective in addressing key challenges facing the financial industry. These approaches are complex and siloed, they lack automation, and they rarely contain audit trails. New generation GRC Information Systems build on well defined business vocabularies and clearly articulated regulatory provisions to provide solutions for content management, data integration and advanced reporting. BIO: Elie Abi-Lahoud, PhD, has been working on innovative technologies for enterprise solutions for the past 12 years. He played a leading role in founding the Governance, Risk and Compliance Technology Centre (GRCTC), hosted by University College Cork, Ireland where he leads a multidisciplinary research team that is engaged in applying semantic technologies to GRC in financial services. Elie works with the Object Management Group (OMG), the Enterprise Data Management Council (EDMC) and thought leaders in the financial industry on a common vocabulary capturing shared domain-understanding, on a deeper understanding of regulations, and on improving regulation-aware decision-making. | | 2:15 - 3:00 pm | Tool Requirements for Semantic Analysis of Business Governance Documents | | Donald Chapin, Business Semantics | Abstract: Results of practice to date in developing and using tools to support the kinds of work presented in earlier sessions. Demonstration of software requirements for supporting SBVR, illustrated by using the software developed by the presenter and other supporting software for linguistic analysis. This software is used by the OMG for maintaining the SBVR specification and is being used to reverse engineer the FIBO conceptual ontology into SBVR.
BIO: Donald is a principal consultant with Business Semantics Ltd, based in London, England. He pioneered methods for defining concepts, structuring knowledge, and expressing business rules in the language of the business from the beginning of his career, when he co-founded a manufacturing company. He led the development of SBVR and is co-chair of the OMG's SBVR Revision Task Force and its Business Modeling and Integration Domain Task Force. He is the OMG Liaison to ISO TC 37 (Terminology and other Language and Content Resources) and a member of the British Standards Institute's Terminology Subcommittee. | | 3:00 - 3:30 pm | Break | | 3:30 - 4:15 pm | Making Semantics Accessible to Business Users in the Financial Sector: Looking at Standards Through the SBVR Lens. | | Richard Beatch, Semantics & Metadata Architect, Bloomberg LP | | Abstract: One of the constant challenges faced when attempting to develop and leverage Semantic Technologies in a business setting is presenting a semantic model to a business user in a manner they can both understand and, perhaps more importantly, see the value in. Various approaches have been tried over the years, all with their shortcomings. This talk will speak to this challenge and the idiosyncrasies of it in the Financial Sector by exploring two standards, one emerging in stages: the Financial Industry Business Ontology (FIBO), and one recently adopted by the OMG: the Financial Instrument Global Identifier (FIGI). The lens through which we will begin to look at these standards will be through the Semantics of Business Vocabulary and Rules (SBVR). We will look at opportunities to represent existing and emerging semantic standards, written initially in rdf/owl as sets of SBVR statements and explore how such an effort can help provide valuable, and frequently missing, business context to these standards as well as providing a solid grounding of the semantic models in financial reality. BIO: Richard Beatch, Ph.D. is currently the semantic and metadata architect for Bloomberg LP based out of Princeton NJ. He holds a Ph.D. in ontology and has worked extensively in the semantic technology space with roles ranging from Knowledge Architect through various senior management roles at a range of companies. Much of his work has focused on the intersection of well managed data and findability across a range of domains. For much of the past decade his work has focused on financial data and the development of semantics models aimed at optimizing the efficacy of that data. His current projects include leading a global FIBO content team on the development and standardization of FIBO Securities and FIBO Equities, serving as lead semantic architect in the development of the Financial Instrument Global Identifer (FIGI), an adopted OMG standard, and various semantics projects within Bloomberg LP. | | 4:15 pm - 5:00 pm | Panel Session | | Kara Warburton, Mike Bennett, Elie Abi-Lahoud, Donald Chapin, Richard Beatch | | 6:00 - 8:00 pm | OMG Evening Reception | | NOTE: If you register for the Technical Meeting Week, you do not have to pay the additional fee(s) to attend any or all of the special events. If you register only for special events, the special fees apply. |  Last updated on 11/09/2015 |
