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OMG Standards in Support of Business Communication
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.

But did
you know that OMG also has standards that can directly support you?

These 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.

It 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.

This 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.

Supporting 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 register for this informative event


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