Claude Baudoin with OMG
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.
Bill Curtis with Consortium for Information and Software Quality
Industrial Talk is onsite at OMG, Q1 Meeting and talking to Bill Curtis, Executive Director with the Consortium for Information and Software Quality about “ISO 5055 – Software quality standards to positively impacting industry”.
The conversation centered around the importance of prioritizing software quality to improve productivity and reduce costs. The speakers highlighted the significant financial costs associated with software quality issues and emphasized the need for implementing and applying software security standards in the industry. They also discussed automated source code quality measures and the importance of software quality standards and certification, with one speaker expressing a preference for free and open-source software and the other emphasizing the need for a certification exam to test developers’ knowledge of ISO 5055.
Richard Robinson with Bloomberg
Industrial Talk is onsite at OMG, Q1 Meeting and talking to Richard Robinson, Chief Strategist and Author with Bloomberg LP about “Open Data and Standards Development for All”.
Scott MacKenzie and Richard discuss the importance of standardizing financial data modeling to improve data quality, with Richard highlighting the challenges of keeping track of multiple identifiers for the same company across different countries and exchanges. They also discuss the adoption and governance of financial data standards, with Scott MacKenzie highlighting the high demand for FIGI data and the importance of open source licensing for good governance. Richard Robinson and Scott MacKenzie then engage in a conversation about the significance of standards in the digital age, with Richard emphasizing the need for standards to ensure interoperability and facilitate innovation, while Scott expresses his amazement at the complexity of standards and their impact on everyday life.
Brian Schmidt with Northrup Grumman
Industrial Talk is onsite at OMG, Q1 Meeting and talking to Brian Schmidt, Technical Fellow and Chief Engineer with Northrop Grumman about “Digital Twin in the Defense and Aerospace Industry”.
Brian Schmidt and Scott MacKenzie discussed the potential of digital twin technology in various industries, highlighting its benefits, challenges, and the importance of collaboration to overcome them. They emphasized the need for trustworthiness and security in digital twins, as well as their potential to optimize operations and improve efficiency. Brian shared his experience as a new co-chair of the aerospace and defense working group within the Digital Twin Consortium, while Scott provided insights and questions to further explore the topic.
David McKee with Digital Twin Consortium
Industrial Talk is onsite at OMG, Q1 Meeting and talking to David McKee, DTC Ambassador with Digital Twin Consortium about “Data – Your digital journey must start with trustworthy data”.
Scott MacKenzie and David McKee discussed the importance of disrupting traditional business models for sustainability, emphasizing the need for companies to adopt sustainable practices not just for environmental reasons but also for societal impact. They highlighted the potential of digital technologies to drive sustainability in various sectors, including healthcare, construction, and energy. Later, Speaker 2 and Scott MacKenzie discussed the importance of sustainable digital twins and data management, emphasizing the need for responsible compute, energy, power, and storage, as well as the potential of digital twin technology to revolutionize the way complexes are managed and maintained.
