Industrial Talk is onsite at OMG, Q1 Meeting and talking to Claude Baudoin, Co-Chair of Business Modeling and Integration Task Force with OMG about "Standard Business Reporting Model (SBRM)".





The conversation revolved around the need for a standardized business reporting model to improve efficiency and rigor in reporting across various domains. Claude Baudoin and Scott MacKenzie discussed the initiative's origins in response to increasing regulatory requirements and the importance of defining semantic relationships, constraints, and formulas. They also touched on the need to enhance reporting consistency and semantic rigor across domains, with a focus on standardizing a metamodel to enable tools to produce compliant reports. Later, Claude and Scott MacKenzie discussed the significance of standardization in the tech industry, with Claude emphasizing the importance of OMG standards like UML, and Scott MacKenzie highlighting the need for dynamic documents that keep up with time.
Action Items

[ ] Continue discussions with regulators and agencies to adopt the SBRM standard for defining their report formats.
[ ] Market the SBRM standard to tool vendors so they can build software that produces compliant reports.
[ ] Reach out to Claude via email (claude@omg.org) or LinkedIn to learn more or get involved with OMG's work.

Outline
Standardization and innovation in industry with OMG experts.

Industry professionals gather at Q1 quarterly meeting to discuss solutions and standards.
Scott MacKenzie and Claude Boudoir discuss OMG's impact on technology standards and industry collaboration.

Standardizing business reporting to improve accuracy and efficiency.

Standard Business Reporting model aims to make reports more rigorous and machine-readable.
Claude discusses how standardizing reporting can improve efficiency and accuracy in various industries.
Claude emphasizes importance of standardized reporting to ensure accuracy and efficiency in the financial industry.

Standardizing business reporting using a metamodel to ensure consistency and accuracy.

Claude explains the Standard Business Reporting model as a metamodel for various industries.
Claude: Standardize metamodel for semantic relationships in reports (OMG)
Claude: Tool vendors will create models compliant with standardized metamodel (SBRM)

Standardizing business reporting with OMG.

Claude explains the importance of marketing the standard to regulators and industry stakeholders.
Claude and Scott MacKenzie discuss the need for iterative feedback and vetting of the standard.
OMG standardizes documents through iterative revisions, ensuring dynamic updates.
Scott MacKenzie interviews Claude about OMG's work in standardizing business reporting.
Claude provides valuable insights on the challenges of creating regulatory reports.





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