DM Business Glossary

AJAX progress indicator
  • a

  • Accuracy
    A measurement of the veracity of data to its authoritative source. - Term details
  • Atomic Data
    Lowest level of detail, factual meaning. (i.e. Interest Rate) - Term details
  • Authoritative Data Domain
    A Data Domain that has been designated, verified, approved and enforced by the data management governing body. - Term details
  • Authoritative Data Source
    An officially designated system or repository for data that has been determined to be reliable and accurate. - Term details
  • Authoritative Provisioning Point
    A Provisioning Point that has been designated by the relevant data management governing body as providing data from an Authoritative Data Domain. - Term details
  • Authoritative Provisioning Point (APP) Manager
    An individual technologist (i.e. technical application manager) responsible for the environment to aggregate and transform data into conformed meaning for distribution to the business / function(...) - Term details
  • b

  • Business Architecture
    The strategy, design and execution of the capabilities needed to support the enterprise business functions. - Term details
  • Business Data Stewardship
    The function that implements and/or executes the data management program for its respective business data domain(s). - Term details
  • Business Element
    A unit of information that has a specific meaning in the context of a business process or collection of processes within a domain. - Term details
  • Business Glossary
    A collection of term names and definitions from the perspective of the business process. - Term details
  • Business Metadata
    Provides context about the data from the perspective of the business process. - Term details
  • Business Rule
    A statement that defines or constrains some aspect of the business process. - Term details
  • Business Term
    The name(s) and meaning of common business language. - Term details
  • c

  • Canonical Data Model
    A specialised form of Logical Data Model, developed with the target usage intention of being a reference artifact of elevated status above any/all other logical perspectives on the same subject(...) - Term details
  • Chief Data Officer
    The most senior executive in the enterprise responsible for the strategy and implementation of the data management program. - Term details
  • Completeness
    A measurement of the availability of required data attributes. - Term details
  • Conceptual Data Model
    A high level simplified data model used to express data concepts important to the business process. - Term details
  • Conformity
    A measurement of the alignment of content with the required standards. - Term details
  • Consistency
    A measurement of compliance with required formats, values or definitions. - Term details
  • Construct
    A generic representation of a concept unencumbered by unique characteristics of an industry or organization. - Term details
  • Coverage
    A measurement of the availability of required data records. - Term details
  • Critical Business Element
    A Business Element that is deemed materially important to one or more business processes. - Term details
  • Critical Data Element
    A Data Element that is aligned to a Critical Business Element and is deemed materially important. - Term details
  • d

  • Data Architecture
    The strategy and execution of how data is designed (identified and described) to support the enterprise objectives. - Term details
  • Data Architecture Function
    The function that defines and implements the data content strategy for a given subset of data. - Term details
  • Data Asset
    A data asset is any collection of data owned by an organization that is considered to have intrinsic value. - Term details
  • Data Attribute
    A logical representation of an atomic level Data Element. - Term details
  • Data Boundary
    Is the limit or perspective applied to a data element. - Term details
  • Data Classification
    The process of organizing data in categories for its most effective and efficient use. - Term details
  • Data Consumer
    A process, application or stakeholder that receives or uses data from a data producer. - Term details
  • Data Control
    The function that sets the enterprise data risk controls framework and strategy. - Term details
  • Data Custodian
    An individual responsible for one or more data controls. - Term details
  • Data Dimension
    A data dimension has a specific definition related to a data warehouse. - Term details
  • Data Domain
    A logical representation of a category of data that has been designated and named. - Term details
  • Data Element
    A unit of data that is considered in context to be indivisible. [ISO 2382-4:1999] - Term details
  • Data Engineering
    The execution of the non-physical components of the data infrastructure to assure the data is fit for purpose. - Term details
  • Data Entity
    A concept that represents a person, place or thing. - Term details
  • Data Flow
    A movement of data from one point to another, without involving any intermediaries at a specific level of granularity, to transport data. - Term details
  • Data Governance
    The function that defines and implements the standards, controls and best practices of the data management program in alignment with strategy. - Term details
  • Data Harmonization
    The process of aligning all representations of data to precise and consistent meaning. - Term details
  • Data Lifecycle
    A view of a data element as it exists in a range of stages from "birth to death". - Term details
  • Data Lineage
    Documentation of the sequence of movement and/or transformation of data as it flows between the consumer and the source(s). - Term details
  • Data Management Capability Assessment Model
    An industry-standard framework for the practice of data management.  It addresses the capabilities needed to position the business case, implement the operating model, ensure funding and support(...) - Term details
  • Data Model
    A model that presents the declarative structure of data through a defined scope and perspective, and to a given level of abstraction. - Term details
  • Data Normalization
    The process of aligning data to its defined parameters. - Term details
  • Data Officer
    The function performed by an executive responsible for the strategy and implementation of the data management program at a geographic, line-of-business or functional level. - Term details
  • Data Owner
    The person with overall accountability for the meaning, content, quality and distribution of a given set of data. - Term details
  • Data Producer
    A process, application or stakeholder that provisions data to one or more Data Consumers - Term details
  • Data Profiling
    The process of evaluating and grading a given source of data to determine whether it is fit for its intended purpose. - Term details
  • Data Provenance
    Documentation of the source of data with sufficient detail to allow reproducibility of a specific dataset. - Term details
  • Data Quality
    1) A measurement of qualitative and quantitative conditions that determine whether the data is fit for its intended use in a business process or operation. 2) The function that ensures the(...) - Term details
  • Data Quality Decay Rate
    The rate that a data attribute loses its level of quality over time if not maintained. Decay can be measured against all dimension of data quality. - Term details
  • Data Quality Dimensions
    Categories of measurement used to evaluate the degree to which data is fit for its intended purpose. - Term details
  • Data Quality Rule
    A statement that applies an algorithm or logic to a data value to measure the fit-for-purpose of the value. ALTERNATIVE Defined and documented criteria for measuring whether data is fit(...) - Term details
  • Data Security
    The protection of data from accidental or intentional unauthorized use, modification, destruction, disclosure or theft. - Term details
  • Data Set
    Any organized collection of data made available for consumption. - Term details
  • Data Sharing Agreement (DSA)
    An agreement that sets out a common set of rules to be adopted by the various organizations involved in a data sharing operation. - Term details
  • Data Sponsor
    An executive responsible for ensuring adequate funding of the data management program. - Term details
  • Data Traceability
    The ability to track a data construct back to the construct it was derived from as a more concrete instantiation. - Term details
  • Data Transformation
    The process of converting the meaning and format of data from one system to another. - Term details
  • Data-at-Rest
    Data that is in physical storage and accessible to those that need it. - Term details
  • Data-in-Motion
    Data that is in the process of being transported. - Term details
  • Data-in-Use
    Data that is in active maintenance. - Term details
  • Derived Data
    Data that are created from other data or calculated. - Term details
  • Determined Data
    Data elements that are subjective thereby including an element of opinion or human interpretation. (Subjective i.e. Gold Customer - alias: Interpreted) - Term details
  • Domain
    The operating level defined by a logical collection of data. - Term details
  • Dublin Core
    ISO 15836:2008 (Dublin Core) establishes a standard for cross-domain resource description, known as the Dublin Core Metadata Element Set. This defines the elements typically used in the context(...) - Term details
  • e

  • Enterprise
    The organization wide operating level processes. A Region operating level may be a subset of the Enterprise when a region has specific process requirements. - Term details
  • Enterprise Architecture
    The strategy and execution of how data, business and technology are holistically designed to support the enterprise. - Term details
  • Enterprise Metadata Repository
    The authoritative collection of metadata across the enterprise. The purpose is to provide a consistent and reliable means of access to the metadata. - Term details
  • Exception Handling
    A process by which records are catalogued, queued and remediated after failing a data quality rule. - Term details
  • Executive Data Steward
    An individual responsible for executing the data management strategy as defined by the Group Data Officer. - Term details
  • f

  • Financial Industry Business Ontology (FIBO)
    An open standards business conceptual model developed by EDM Council members of how all financial instruments, business entities and processes work in the financial industry. - Term details
  • Function
    1) The Line of Business and Control Function operating level entities in the organization. 2) An operational function of the organization (i.e. data quality function). - Term details
  • g

  • Golden Record
    A single, precisely defined, verified and officially designated version of data. - Term details
  • Guideline
    Recommended best practices that: 1) Support implementation of a standard or interpretation of policy requirements; or 2) address areas not covered by existing policy documents - Term details
  • i

  • Inference Processing
    Inference on the Semantic Web can be characterized by discovering new relationships. On the Semantic Web, data is modeled as a set of (named) relationships between resources. “Inference” means(...) - Term details
  • Information Architecture
    Is the combination of the disciplines of Data and Technology Architecture. - Term details
  • l

  • Logical Data Model
    A data model that is based on the data concepts that has all data attributes and relationships required to support the business process independent of any particular technology or solution. - Term details
  • m

  • Master Data
    Entities, relationships, and attributes which are identified as critical, shared across the enterprise, and foundational to key business processes and application systems, and peripheral and(...) - Term details
  • Master Data Management
    The process of achieving Master Data includes all the defined data management capabilities along with a process of compiling an authoritative value when sources present data variation. - Term details
  • Materiality
    The degree to which the use of a data element in the business process could result in a substantive impact to the financial, operational or reputational position of the organization. - Term details
  • Metadata
    Data that serves to provide additional information or context about other data. - Term details
  • Metadata Management
    The function that ensures the documentation, definition, and implementation of metadata. - Term details
  • Metadata Manager
    An individual who is responsible at the domain level to monitor the quality of the business element and data element metadata and assist with access and application of the metadata. - Term details
  • Model
    An executable representation of an idea or theory. - Term details
  • o

  • Ontology
    A hierarchical structure of concepts or entities within a domain, organised by relationships. - Term details
  • Operating Model
    A model representing how a business process or set of processes delivers value to its stakeholders. - Term details
  • Operational Metadata
    Contains information that is available in operational systems and run-time environments from the perspective of the process execution. - Term details
  • p

  • Personally Identifiable Information
    Any information that may be used to make a record of a person identifiable, directly or indirectly. - Term details
  • Physical Data Model
    A data model that is the instantiation of meaning, relationships and data attributes into a physical implementation automated by technology. - Term details
  • Physical Metadata
    Metadata that describes the physical location of data. - Term details
  • Policy
    High level directive that expresses goals and represents management expectations for legal, regulatory and/or organizational requirements. - Term details
  • Principle
    A statement of belief or foundational concepts that provide guidance for decision making and behaviors. - Term details
  • Procedure
    A low level step or task in a process that specifies how to achieve an activity. - Term details
  • Process
    A series of steps that when executed in order achieve the desired outcome. - Term details
  • Project Management Office
    An organizational body or entity assigned various responsibilities related to the centralized and coordinated management of those projects under its domain. Source: Project Management(...) - Term details
  • Protected Health Information
    Personal data concerning health should include all data pertaining to the health status of a person which reveal information relating to the past, current or future physical or mental health(...) - Term details
  • Provisioning Point
    A service from which data associated with a Data Domain can be acquired after it has been sourced. - Term details
  • r

  • RACI Matrix
    A tool to define a range of roles and responsibilities across the stakeholders of a data management program and respective processes. - Term details
  • Reference Data
    Data that defines the set of allowable values to be used by other data fields. - Term details
  • Resource Description Framework
    RDF is a standard model for data interchange on the Web. RDF has features that facilitate data merging even if the underlying schemas differ, and it specifically supports the evolution of(...) - Term details
  • s

  • Semantic Model
    A model that defines the meaning of things that are important to the business process and the relationships between those meanings. - Term details
  • Semantics
    Semantics is the linguistic and philosophical study of meaning. - Term details
  • Simple Knowledge Operating System
    The Simple Knowledge Organization System (SKOS) is a common data model for knowledge organization systems such as thesauri, classification schemes, subject heading systems and taxonomies. Using(...) - Term details
  • Source of Origin
    The genesis of data content prior to being captured electronically. - Term details
  • Stakeholder
    An interested participant (producer, consumer, supporting process) in the data ecosystem. - Term details
  • Standard
    A rule or set of rules that defines expected actions for achieving compliance to associated policies. - Term details
  • Subject Matter Expert
    An individual who is an authority in a business process, data manufacturing process or application. - Term details
  • System of Origin
    Any application or repository where data is initially captured. - Term details
  • System of Record
    The Authoritative Data Source for the specified Data Element after it has been remediated and validated. - Term details
  • t

  • Target Operating Model
    A presentation of the vision of the ideal future state Operating Model of a business process or a collection of processes within the organization. - Term details
  • Taxonomy
    An orderly classification of things or concepts into parent-child relationships. - Term details
  • Technical Data Stewardship
    The function that manages the technical implementation of the data management program. - Term details
  • Technical Metadata
    Used to describe the creation, organization, movement, change and storage of the data from the perspective of the physical implementation. - Term details
  • Technology Architecture
    The strategy and execution of how the physical infrastructure is designed to support the business and data needs of the organization. - Term details
  • Technology Architecture Function
    The function that supports the technical strategy, design, and execution plan for the technical infrastructure in alignment with the data strategy, design and execution to support the business(...) - Term details
  • Term
    A word or phrase used to describe a thing or express a concept in a clearly defined context. - Term details
  • Timeliness
    A measurement of the degree to which data is both representative of current conditions and available for use. - Term details
  • Transactional Data
    Data describing an event in a business process at a specific point in time. - Term details
  • u

  • Uniqueness
    A measurement of the degree that no record or attribute is recorded more than once. - Term details
  • w

  • Web Ontology Language
    Web Ontology Language (OWL) is a Semantic Web language designed to represent rich and complex knowledge about things, groups of things, and relations between things. Source:(...) - Term details
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