A Methodology for Conceptual Ontology Curation and Deployment

This presentation describes a formal methodology for the creation, curation and deployment of business conceptual ontologies, based on the FIBO experience. A formal model theory is set out, describing the separate dimensions of any model. This is used to define the principles for ontologies that are to be used as conceptual models and how to determine their ontological commitments based on business needs. The methodology then describes how to use this kind of resource in a range of application architectures including ontology based applications, querying and reporting applications, risk and compliance management and the use of the conceptual ontology in conventional application data model development n in solving complex integration problems. Both the conceptual model principles and the different deployment architectures are illustrated with examples using FIBO.

• Principles for conceptual ontology creation
• Practical examples in different architectures, based on FIBO
• Ontology driven software engineering
• Ontology based applications
• Use of ontology in conventional applications and data architecture
• Addressing complex integration issues in financial firms

Mike Bennett works with the Enterprise Data Management Council as Director for Semantics and Standards. Mike is the editor and originator of the EDM Council's Financial Industry Business Ontology, a project which is aimed at developing an industry consensus view and standard for financial instrument terms and definitions. Mike has worked on a number of financial industry standards, including the Market Data Definition Language (MDDL) and the FIX message standard, and has sat on ISO committees for the ISO 20022 messaging standard and the corresponding ISO model for securities terms.