Aligning Business and IT with Metadata: The Financial Services WayFinancial services institutions like international banks and insurance companies frequently need to adapt to changes in their environments, yet manage risk and ensure regulatory compliance. The author Hans Wegener reveals how metadata can be used to achieve a successful and technological evolution. This unique approach is divided into three parts to:
Wegener firstly illustrates the peculiarities of both metadata management and the financial services industry. He combines both, puts them into context of use, and explains where and how this makes life difficult, as well as where and how value is created. This enables the reader to understand the impact of metadata management on his/her organization, its typical side effects, necessities, and benefits. The book then goes onto reveal how different crosscutting concerns managed in large financial corporations (change, risk, and compliance management) can revolutionize business by supporting them with metadata management. This provides a blueprint to be used in strategic planning. Finally, the mechanics of three important practical areas are discussed in-depth, namely managing evolution, quality, and sustainability. This provides helpful scripts for practitioners to be used in real-life. |
From inside the book
Results 1-5 of 69
... Problems and their Resolution 7. Evolution: A Practical Guide 7.1. 7.2. 7.3. 7.4. 7.5. 7.6. 7.7. 7.8. 7.9. Overview 181 The 'management' in metadata management 182 Metamodeling 185 The activities of structured transformation 191 Dealing ...
... problems – for example, it depended on some out-dated database software – it was mandated for a 'simple upgrade'. However ... problem. In short, the old system worked by directly aggregating custom data feeds of risk information from the ...
... problem turned out to be so serious that we ultimately ended up building a whole new global risk management system to collect that information at its source, independently of the regional systems. In this way – and only in this way ...
... problems had become quite serious. Metadata management problems similar to my story are so prevalent in all ... problem in, say, manufacturing or telecommunications, few financial services managers are likely to be interested in ...
... problems. Modeling standards such as the Unified Modeling Language (UML), the Business Process Modeling Notation (BPMN), the Meta Object Facility (MOF) and the XML Metadata Interchange (XMI) are fueling this awareness, and spawning a ...
Contents
xvii | |
1 | |
21 | |
Part II The Value Proposition | 71 |
Part III Practical Problems and their Resolution | 179 |
Bibliography | 267 |
Index | 271 |
Other editions - View all
Aligning Business and IT with Metadata: The Financial Services Way Hans Wegener No preview available - 2007 |
Aligning Business and IT with Metadata: The Financial Services Way Hans Wegener No preview available - 2007 |