What is Business Glossary?
The
business glossary is a formal contract between the producers and consumers of
information across the enterprise.
It is intended to be the artifact
or reference that allows anyone to determine the meaning, type and context of
any term and, in particular, any business data element used in an initiative.
Business Glossary is a tool for Authoring, Managing,
and Sharing Business Metadata. Business Glossary is a tool for business users
that enables –
- The creation & management of a controlled
vocabulary
- Collaborative authoring of business metadata
A reference for learning about the information
assets of the enterprise –
- Meaning
- Dependencies
- Usage
- Quality
- Ownership/Responsibility
Benefits of InfoSphere Business
Glossary –
Business
Glossary provides users with a web-based tool for creating and managing
standard definitions of business and organization concepts by using a
controlled vocabulary.
The
tool divides metadata into categories, each of which contains terms. One can
use terms to classify other objects in the metadata repository that are based
on the needs of the organization.
One can
also designate users or groups as stewards for metadata objects. The result is
a system that builds a common language between business and information
technology.
Enables data governance
- Common language supports compliance regulations such
as Basel II
- Represent and expose business relationships and
lineage
- Track history of changes
- Assign stewards as single point of contact
- Administrators can tailor the tool to the needs of
their business users
- Access enterprise information you need when you need
it
- Use and re-use information assets based on common
semantic hub
Increased collaboration
- Capture and share annotations between team members
- Greater understanding of the context of information
- More prevalent use and reuse of trusted information
Why InfoSphere Business Glossary?
The
business glossary organizes metadata into categories that contain terms. Terms
can relate to the assets that are stored in the metadata repository or to
external assets according to the standards and practices of the enterprise.
One can also designate specific
users or user groups as stewards who are responsible for particular assets.
Assets in this instance refer to instances of metadata within the metadata
repository.
Business
Glossary is designed to also provide –
- Linkage between business Terms and IT assets for
understanding the contexts of IT and business
- Designed to answer: Where are the connection points?
- Assignment of Data Stewards to Terms and IT Assets
- A customizable,
publishable set of business Terms
- A data modeling tool (Rational Architect)
- An enterprise architecture hub for reuse of technical
metadata by development applications (Information Server)
- An enterprise metadata
repository (XMETA and Metadata Workbench)
A
common vocabulary gives diverse users a common understanding of business
concepts, improving communication and efficiency.
For example:
one department in an organization might use the word “customer,” a second
department might use the word “user,” and a third department might use the word
“client,” all to describe the same type of individual.
Business
Glossary enables the enterprise to capture these terms, define their meaning,
create relationships between them (in the example above, where all three terms
have the same meaning, they would be synonyms) and consolidate terminology to
achieve increased precision in communications.