Parabole
  • Platform
    • Training System
      • TRAIN
    • Analytical Tools
      • Cognitive Services
      • Digital Twin
  • Customer Success
    • Financial Services
    • Consumer Packaged Goods ( CPG)
    • Manufacturing
  • Company
    • About Us
    • Careers
    • Partners
    • Resource
  • Request Demo
Select Page

Building an enterprise-wide Business Glossary for business users just as one has ETL glossaries for technical people.

by Parabole.ai | May 20, 2021 | Uncategorized

A Customer Success story.

  • Form Analytics

AUTOMATED BUSINESS GLOSSARY

Background

The data landscape is changing so rapidly that without a consistent Enterprise Business Glossary, business users find themselves challenged to deal with a large repository of data dictionary or volumes of technical metadata with no practical method to understand what it all means.

Meanwhile, the Data Governance Office, tasked to create an enterprise glossary, is burdened with the collection of  Business Terms and then building consensus regarding nomenclature; “what they are called,” “what they mean,” “how they are related,” “who uses it,” etc.

The Challenge

The great challenge is that business users lack comprehensive documentation related to what they already know. Much of this information exists within the minds of individuals gathered over years of experience. The only way to attempt capture of this knowledge is to conduct manual interviews to understand Key Business Terms and their usage. This manual exercise is time-consuming and cost-prohibitive.

While the scale is a significant issue, the lack of subject matter knowledge within the data organization is also a challenge when attempting to solve a heretofore unsolved problem. When an operating team uncovers a business term and/or metadata, they may not possess the required knowledge regarding their specific meaning and usage.

Need of the hour is to have an Enterprise Business Glossary?

We all have seen a standard glossary, usually located at the beginning or end of a book, contract, or product manual. A Business Glossary is similar, in the sense it does comprise a listing of terms and their unique definitions, but slightly different, as business glossaries have additional information that brings the semantic context to the information.

-In a business glossary, Business Terms are defined using very specific business language and meanings which is agreed on by stakeholders.

-The business glossary will also have additional information such as business rules, which discuss how it is to be used, transformed, calculated, and related.

Why you need one?

Most organizations have a well-structured Data Dictionary. The Data Dictionary contains the technical description of data e.g., Schemas, Tables, Columns, System Specifications, etc. It normally gives details including; Data item, Data Type, Data Element, Member of, Description, etc., meant for data architects and IT professionals. Business users find it difficult to understand these descriptions of data. Business Glossaries bring standardized and unique meaning and context to data within data dictionaries making data easily understood and accessible by all relevant parties.

Our Approach: Unearthing your unstructured data

A machine-assisted approach to discovering key business terms, their meaning, and the relationships that exist to other business terms, along with likely contexts under which they are used, will be the “aha!” moment for any data-driven organization.

Building Business Glossary thru automation

The conventional (manual) method of creating a business glossary often leads to inconsistent definitions, irrelevant term inclusion and false leads. Data teams can easily get into the weeds and progress can be slow and frustrating for all involved. The most obvious solution to shortening the project cycle and ending this frustration is automation.

Introducing Metamap from Parabole

The Metadata discovery and analytics tool, powered by Parabole’s training system (TRAIN), can learn any domain and generate domain-specific language models and the knowledge models required to perform analysis on any enterprise documents. This lightweight training system requires no labelled data nor hours of subject matter expert’s time. This significantly reduces the person-hours required to train machine learning models.

METAMAP DISCOVERY PIPELINE

The learned model is then used to analyze unstructured data to discover key business terms, their definitions, relationships with other terms along with their contextual applicability.

Key constituents of Metamap

Discover Business Metadata from Unstructured Data

METAMAP discovers a list of Business Terms that are important to Business Users from all relevant enterprise documents. Users can then validate and curate the output based on their project requirements and Business Use Cases.

Fig 2: Machine assisted Phrase discovery and Semantic Relationship

Jumpstart Definition Writing

Developing meaningful definitions requires collaboration and multiple discussions with stakeholders making it a painstakingly difficult process. METAMAP assimilates all relevant definitions present within documents in one place, making it simple and easy for analysts/SME’s to validate and curate definitions prior to acceptance.

Fig 3: Machine assisted definition writing

Governing Definition Quality

Having a quality definition is key in the context of accuracy, completeness, consistency, and reliability. METAMAP comprehends the metadata definition quality rules and enforces them on the metadata (e.g., spelling errors/presence of acronym). It also suggests the corrected definition for analyst/SME review.

Fig 4: Govern Definition Quality

Connecting the conceptual world with the physical world

A conceptual data model shows how a Business Term connects to other Terms and as well as its linkages to policy, standards, reports, line of business etc. A physical data model has descriptions of table structures including; table name, column name, data type, relationship between tables etc. A metadata catalog view helps both business users and technical users by providing with a blended view of the conceptual world and technical world.

Fig 5: Connecting business metadata with physical data

METAMAP discovers the probable relationships between business metadata and their corresponding technical metadata. This helps in modeling the business view of data so that business stakeholders can take ownership of their data, they will no longer need to comprehend physical implementation at the database level.

Key benefits of automating business glossary

An Enterprise Business Glossary provides a single terminology for everyone in the organization so that misunderstandings are minimized. With automated Business Glossary, the Chief Data Office and their Business Partners can derive significant benefits, such as:

1. Single source of truth: All business terms from all reporting tools are automatically mapped and linked to their physical sources within the new glossary.

2. Improved Productivity and Speed of Delivery: It negates the need for face-to-face interviews with Subject Matter Experts Automation expands the capacity manifold by significantly growing coverage and accuracy saving months of manual work.

3. Seamless Collaboration: Easy access and collaboration create an environment that allows for easy interaction between stakeholders with a shared meta-data catalog and business glossary.

4. Re-usable Enterprise Knowledge: Knowledge graph technology enables the creation and access of enterprise knowledge critical for all meta-data discovery and analysis projects.

Write to us at info@parabole.ai to learn more about how an automated business glossary can help the Chief Data Office expand the coverage of data governance across lines of businesses.
Parabole Logo

email : info@parabole.ai

call us @ +1 516 652 1333

Platform

Traning System

- TRAIN

Analytical Tools

- Cognitive Services

- Digital Twin

Industry

Financial services

Consumer packaged goods

Manufacturing

Company

About Us

Careers

Partners

Resources

  • Terms Of Use
  • Privacy Policy
  • Twitter
2020 All rights reserved | Parabole.ai

This site uses functional cookies and external scripts to improve your experience.

Privacy settings

Privacy Settings

This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.

NOTE: These settings will only apply to the browser and device you are currently using.

By continuing to browse this website you consent to our use of cookies.

Privacy Policy
Your privacy and the protection of your sensitive personal information are important to us. Because we collect and/or store certain information from and about you, it is necessary for you to understand and agree to our privacy policy. By using the Company’s website (“Site”) and the services provided on or through the Site (“Services”), you consent to the Privacy Policy of the Company.

This Policy discloses which information do we collect about you and how do we use it. We also detail below our security policy which describes how your sensitive personal information is protected both electronically and physically.

Information that we may collect from you and about you
We may collect personal and personally identifiable information from you while you use our Site and/or the Services. The information may need to be submitted during registration or may be asked by us at a later stage or may be captured automatically by our systems, depending on your use of the Site and/or the Services. Some of the information that is sought from you must be provided and some is optional.
In addition to the above information, we also gather names and email addresses of people who contact us through our Site with questions about us or the Services. We collect this information for the sole purpose of responding to such inquiries and do not use the contact information unless consented to by those people. We also collect information about your computer and your visits to our Site, such as your IP address, IMAC address (or any other similar unique identifier) geographical location, browser type, length of visit, and page views through the use of log files. We use this information in the administration of our Site, research and analysis for improving our Site and Services, to evaluate the success of particular marketing/advertising campaigns, search engine optimization strategies, marketing activities, and for keeping a record of the transactions entered into through the Site. We maintain such information in our logs. We use also use such information for optimizing our Site.
No personal or personally identifiable information about any user that is collected will ever be distributed to any third party for any purpose, in any manner that is contrary to applicable laws and regulations.

How and When Your Information Is Shared With OtherParties
We may share your information with law enforcement or other government agencies as required by law or for the purposes of limiting fraud. We reserve the right to disclose your personal and personally identifiable information when we believe that disclosure is necessary to protect our rights and/or to comply with a judicial proceeding, court order, or legal process. Company works with a number of trusted partners that perform vital functions as part of our operations. Information is shared with these third parties only to the extent necessary for us to process the transactions you initiate or perform other specific services or for protection of legal rights. Our partners are legally and contractually required to keep your information private and secure.

Communications from our Site
When you register on our Site you will receive emails that confirm specific actions you requested. You will receive e-mail notifications confirming your registration, the successful verification of email addresses, and other information that requires verification or confirmation. We may also send you responses to emails you send us or queries posted by you, if applicable. From time to time, we may also send user surveys, requests for user feedback regarding your experience of the Site or Services or marketing offers. The completion of these surveys or requests for feedback or acceptance of any offer is strictly voluntary.

Passwords
At a minimum, we require the use of both numbers and letters in your password. We have also instituted secure steps by which you can regain access to your account should you forget your password, including the use of a security question. Your password is not known to any employee or third party with whom we may partner, and we will never ask for your password as a means of identifying yourself. You should never share your password with anyone, and if you ever receive an email purporting to come from us that asks for your password, you should immediately report this development to infot@parabole.ai

Compliance with Laws
Since the Site and the Company is resident in United States, we comply with all applicable Federal and New Jersey State laws. We take all steps to ensure compliance with all applicable laws at all times.

Security Policy
We have in place adequate safeguards for protecting your personal and sensitive information through strict policies and procedures, both electronically and physically. All data collected by the Company is considered highly confidential, and is maintained in a pass-word protected environment. The security of the data is achieved through a combination of network firewalls and servers with hardened operating systems. All our systems and servers are housed in a secure facility. Access to the systems and servers, both physical and electronic, is controlled and sanctioned by a high-ranking officer of the Company.

Changes to this Policy
The Company reserves the right to make changes to this Policy. If we do this, we will notify you of any such changes by posting the revised Privacy Policy on the Site or by sending you an e-mail. You should check this Privacy Policy link on our Site periodically for changes. All changes shall be effective upon posting or communication.

Your Queries
In case you have any doubts or questions regarding our Privacy Policy, you may write to us at info@parabole.ai

Powered by Cookie Information