Wiley 978-0-470-03031-8 Datasheet

1IntroductionYou cannot expect the form before the idea, for they will come into being together.Arnold Sch¨onberg1.1 Why this book?Financial services

10 INTRODUCTIONThere is a difference to spaghetti bowls, however. Domains are used to arrange and structureyour view of the world. This structure ofte

ALIGNING BUSINESS AND IT WITH METADATA 11as metadata, political problems are to be expected. They are indeed so important thatthey must, in my opinion

12 INTRODUCTIONextrapolated to other areas, such as investment banking, reinsurance, primary insurance, orretail banking.As a general rule, the book w

ALIGNING BUSINESS AND IT WITH METADATA 13Many of the recommendations that are to follow are based on a model in which meta-data management is carefull

14 INTRODUCTIONIn terms of organizational level, this book appeals to the first two or three lines:• Chief officers, managers representing one of the ab

ALIGNING BUSINESS AND IT WITH METADATA 15support them, but also the organizational setup required and skills needed. Furthermore,they learn how to red

16 INTRODUCTIONemphasizes the interplay of architecture and metadata, describing how architectural buildingblocks relate to metamodel abstractions, an

ALIGNING BUSINESS AND IT WITH METADATA 17into. Ways to detect such deficits and countermeasures for tackling them are explained from arisk management p

18 INTRODUCTIONFinally, Chapter 10 puts forth a vision of an institutionalized corporate function forcombined change, risk, and compliance management.

ALIGNING BUSINESS AND IT WITH METADATA 19Mammalis aCat Dogis ahatesalso hatesFishlovesFigure 1.3: Data diagrams describe the structure of the data bei

2 INTRODUCTIONdesire to increase market transparency, whereas others reinforce requirements to avoid conflictsof interest, intended to reflect the impro

20 INTRODUCTIONProcess AProcess CProcess B Process DProcess EProcess FProcess GProcess HProcess IProcess JFigure 1.5: Process hierarchies illustrate w

ALIGNING BUSINESS AND IT WITH METADATA 3employees parts of the very flexibility you just gave them. The more complex your productsare, the less you wil

4 INTRODUCTION1.2 Change, risk, and complianceIn October 2003, a US Securities and Exchange Commission official cited the following keyexamination and

ALIGNING BUSINESS AND IT WITH METADATA 5great influence on what you will be better at, but also where you will, well, not be better. Thequestion is, wh

6 INTRODUCTIONthe question how to approach the issue of integrating a – possibly large – acquired company,or reorganizing the entire corporation, such

ALIGNING BUSINESS AND IT WITH METADATA 7red tape. You will want to grant them the flexibility they need to be creative, but only to anextent. You are u

8 INTRODUCTIONbureaucracy to your business processes. All its splendor comes at a cost. Therefore, in situationswhere it is difficult to understand a p

ALIGNING BUSINESS AND IT WITH METADATA 9how the use of metadata can contribute to an effective alignment, leading to better change,risk, and complianc