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OMG TECHNICAL MEETING
OMG Standards in Support of
Take charge of what your systems
do for you
December 10, 2014 - 9:00 am - 5:00 pm
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Are you at
the business end of business information systems?
Do you own business documents - business policies, contracts,
interpretation of regulations (and consequent compliance action),
product and service specifications? Do you define requirements for
IT systems to support them?
You've probably heard about the Object Management Group (OMG) from
colleagues in your IT department: How OMG standards - such as the
Unified Modeling Language (UML) and Business Process Modeling and
Notation (BPNM) - support IT specifications and development; that
they are used world-wide by hundreds of thousands of business
analysts, system designers and IT developers; and that OMG continues
to develop new standards, such as Decision Modeling and Notation
(DMN), for rule-based decisions to support business processes.
that OMG also has standards that can directly support you?
standards can help you remove ambiguity from your business documents
where a misunderstood policy, contract or product specification can
be a serious business risk. They
can also help keep you in charge when you are developing information
requirements -- from broad business policies to database queries.
Central to the approach is a formal business dictionary, derived
from your business governance documents and documenting the meanings
intended by the authors for terms they use. It will provide a
coherent vocabulary for governance and operation of the real world
of the business. It will support authoring of the different kinds of
governance and operational documentation you need, in natural
language, with consistent semantics. And it will support this
semantics in terminology in multiple natural languages.
will also provide ‘semantic anchors’ for your IT systems. All
too often, business meanings are reduced to informal
‘description’ or ‘note’ entries in IT specifications. IT
staff then see the business in terms of the data that will model it,
and make data-oriented assumptions about what is required, and are
often wrong. Referencing the definitions in your business dictionary
from your IT specifications – and seeing where they are used in
business governance - will help ensure that the business requirement
is the driver.
business dictionary is built with the OMG's Semantics of Business
Vocabulary and Business Rules (SBVR). When you have built your
business dictionary, you can use SBVR to develop constraints and
obligations, such as business policies, contract terms and
conditions, and regulatory compliance.
standards include a formal Date and Time vocabulary (DTV) -
especially important for regulations and contracts - and the
Business Motivation Model (BMM), for defining and monitoring
policy-driven change. There is also the Financial Industry Business
Ontology (FIBO), being developed in stages
jointly by OMG and the Enterprise Data Management Council, and
already being trialed by a number of major financial institutions.
Join us on December 10th at the Hyatt Regency in Long Beach, CA and
see how the business side of your organization can benefit from
these and other OMG standards. Click here to view the full
agenda and to
for this informative event