Model Drivers: Datapoint modelling and its opportunity 2013-09-01

The Datapoint modelling breakthrough and its opportunity

2013-09

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About Model Drivers

Business model industrialization.

Model driven products and services: •Reporting•Testing•Regulatory conformance•Business strategy and business cases•Business architecture•Systems delivery

2013-09 Datapoint modelling and its opportunity

Datapoint modelling and its opportunity

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Agenda

A. The problemB. What is Datapoint Modelling?C. Steps to exploiting the opportunity of Data Point ModellingD. Summary and further reading

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A: The problem

Everyone wants their cake, and to eat it too. There is only one cake.Each data management approach has weaknesses

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One piece of data, many voices

All this must be true: • There can

only be one source of truth

• It must be concrete and accurate

• Many players must view it in their own, very differently ways

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Client data

I need ….. We order that… I don’t care!

No way can we…

Look, it …

I have to …

Accounts data


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The model-less reporting architecture

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No one can afford gaps, inconsistency, errors in 100’s

of business reports.Not sure which is worse –

wrong / late internal reports for decision making

Or wrong reports to regulatorsBusiness

Unit ABusiness

Unit BBusiness

Unit CBusiness

Unit D


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Will Logical Data Modelling solve the problem?

LDM has • Hard coded concepts

and relationships• Single set of opinions

of how things are

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Hard coded attributes of

concepts

Hard coded relationships

New concepts are big deal

Great for transaction processing


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Will Ontology based technologies solve the problem?

Ontologies are•Generic and global•Flexible

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Fox Rabbit

eats

“Concepts “ have

relationships: “Is like”, “Is A”

Carnivore Herbivore

Is in the family of

Mammal

Is a species of

Is in the family of

Is a species of

Great for understanding

complex worlds


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Will Data Warehouse technology solve the problem?

Star Schema models•Handle large volumes•Give access via many dimensions

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Client facts table

City

State

Country

Company

Department

Branch

Day

Month

Year


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B: What is Data Point Modelling?

Datapoint Modelling gives you both concrete data and flexibilityThe global business reporting language XBRL support DPMData point model meta model has one dozen main concepts The value of DPM shows in the user experience

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Data Point Modelling is getting global adoption

• Industry leaders are implementing Data Point Modelling for reporting and big data– XBRL International: Abstract Model– EBA : CRD IV

Reporting http://www.eba.europa.eu/News--Communications/Year/2013/Update-on-the-technical-standards-on-supervisory-r.aspx

– OMG (CWM includes data point modelling) http://en.wikipedia.org/wiki/Common_Warehouse_Metamodel

•Frsglobal– [Datapoint models] …will also give the regulatory authorities a tool to address

systemic industry-wide issues, something that has been called for time and time again in light of the financial crisis. Furthermore, the regulator will be able to combine information effectively in new and innovative ways.

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The Data Point Model

Data Point Models• Every piece of data

is unique, identifiable

• Every piece of data has a set of dimensions (Aspects)

• The aspects can be pulled together dynamically

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DP 1City

State

Country

Company

Department

Branch

Day

Month

Year

DP 1

DP 1

Daily Sales


ABOUT XBRL

•eXstensible Business Reporting Language•Reports business data in XML•Taxonomies define valid forms e.g. SEC Quarterly filing•Allows extensions by individual submitters•Scope includes:

– Accounts– Social responsibility– Carbon and other emissions– Many others

•Mandated by– SEC– EU– Governments of Australian, Singapore etc– China stock exchange– Many more

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Example implantation: The SEC and regulatory reports

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Massive volumes of

business data

Every data point

annotated with definition and

other meta data


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Example implementation: Arelle, open source XBRL

• Taxonomy review

• Basic ability with instance docs

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http://www.sec.gov/Archives/edgar/data/19617/000001961713000221/jpm-20121231.xml

JPMorgan instance doc

http://www.sec.gov/Archives/edgar/data/19617/000001961713000221/jpm-20121231.xml


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Data point model: the business report meta model has dozen main concepts

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Value

Value Set

Data point

Aspect

CubeBusiness class

Resource link

ResourceAxis

Axis coord.

Table


Abstract / Meta model of a report

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We get graphical, automated, logical report design

And mapping to the business domain

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C: Steps to exploiting the opportunity of DPM

1) Adopt the mental model2) Architect your understanding of your data3) Given users both concrete and flexible data with PDM4) Industrialize your reporting process

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1) Adopt the mental model

• There are a number of data architecting approaches, each with strengths and weaknesses

• The Data Point model supports both concrete data definitions and multiple view points

• DMP therefor is ideal for supporting reporting and analytic type functions

we are gearing up for a shift to polyglot persistence [1] -

where any decent sized enterprise will have a variety

of different data storage technologies for different

kinds of data. http://www.martinfowler.com/bliki/PolyglotPersistence.html


http://www.martinfowler.com/bliki/PolyglotPersistence.html#footnote-first-use

http://www.martinfowler.com/bliki/PolyglotPersistence.html




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Manage

2) Architect your understanding of your data

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Business Domain

DataData

warehouse

Consumer(Regulator, manager,

analyst..)

Extract &

formatSubmission

modellDR

Data point

model

Taxonomy design

Business domain

LDM

View, Publish,Analyse

Arelle, EDGAR

Oracle, NoSQLBusiness Objects, Cognos

RDF, SparqlOntology


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3) Given users both concrete and flexible data with PDM

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Taxonomy

Environment & technologycan be different –

the taxonomy has to be the same

Automated

Still un-happy, but with someone else

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4) Industrialize your reporting process

Implement the big ideas of Reporting Industrialization• Big idea 1: Industrialise the understanding of your data• Big idea 2: Industrialise your reporting and analytics

ecosystem• Big idea 3: Map your business data understanding to your

reporting and analytics requirements• Big idea 4: Drive reporting and analytics through

automation and tooling

See the presentation “How to industrialize business reporting”


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D: Summary and further reading

Data point modelling has strengths in reporting and analyticsIt supports industrialization of the reporting process



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D: Next steps

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Contact me http://uk.linkedin.com/in/gregsoulsby/ www.modeldrivers.us

News on twitter https://twitter.com/model_dr

This slide deck http://www.slideshare.net/greg.soulsby/

Next presentation: Building data point models To be updated here. Follow me on twitterhttps://twitter.com/model_dr

EDGAR – SEC online view of submitted http://www.sec.gov/edgar.shtml

Arelle – Open source XBRL software report http://arelle.org/

XBRL Abstract model specification http://www.xbrl.org/Specification/abstractmodel-primary/PWD-2012-06-06/abstractmodel-primary-pwd-2012-06-06.html

DATA POINT MODEL presentation, Ignacio Santos, Bank of Spain

http://www.openfiling.info/wp-content/upLoads/data/DPMvsMDM_1.pdf

EBA’s Data Point Model: A reporting game changer for management information

http://www.frsglobal.com/news_and_events/ebas-data-point-model-a-reporting-game-changer-for-management-information.html

EBA: Implementing Technical Standard (ITS) on Supervisory Reporting (Data Point Model)

http://www.eba.europa.eu/regulation-and-policy/supervisory-reporting/implementing-technical-standard-on-supervisory-reporting-data-point-model-/-/regulatory-activity/consultation-paper

The Data Point Model methodology in the European Supervision: COREP/FINREP

http://www.eurofiling.info/documents/DataPointModelMethodologyIB.pdf

http://uk.linkedin.com/in/gregsoulsby/

http://www.modeldrivers.us/

https://twitter.com/model_dr

http://www.slideshare.net/greg.soulsby/

https://twitter.com/model_dr

http://www.sec.gov/edgar.shtml

http://arelle.org/

http://www.xbrl.org/Specification/abstractmodel-primary/PWD-2012-06-06/abstractmodel-primary-pwd-2012-06-06.html

http://www.xbrl.org/Specification/abstractmodel-primary/PWD-2012-06-06/abstractmodel-primary-pwd-2012-06-06.html








