Primary tab navigation

What is a Business Information Exchange?


A business information exchange is a facility for sharing and maintaining data definitions for the entire organization and governing data to increase its accuracy, timeliness and value. It can address the challenges of confusing and conflicting data, increase user confidence and improve enterprise decisions.

A business information exchange helps organizations build and maintain a strong data governance and stewardship program that can turn data into trusted information. It allows business users to play an active role in information-centric projects and to collaborate with their technical teams, without the need for technical training. Decisions are more accurate, and business opportunities are more readily captured. The end result is an organization with a consistent understanding of information, what it means, how it is used and why it can be trusted.


How can a business information exchange help?

A shared understanding of enterprise information—facilitated by a business information exchange—is a key requirement for organizations. For instance, a financial analyst looking at loan applications for prospective borrowers needs to know exactly what a “mortgage risk” entails: the approved definition of “risk,” acceptable levels of risk, the business rules that are associated with “high-risk” and “low-risk” clients, and the location of a specific prospect on that scale. If analysts understand this information and trust that application data is aligned with the same business rules and definitions, they can make better approval decisions, more quickly and confidently.


Featured video


Dillard's

Dillard’s Department Store makes data definitions easily available to business users, improving buying decisions and sell-through rates, with a positive impact on the bottom line.

DISCOVER DATA STRUCTURES

This 2 minute video illustrates how InfoSphere Business Information Exchange can help you increase levels of trust and govern your information in the new era of computing

Contact IBM

Considering a purchase?

IBM InfoSphere Business Information Exchange

Aligning the goals of business and IT for better information governance and trusted information

Gartner: Make Your Information Infrastructure Governance-Ready

Learn how a strategic information infrastructure approach will help organizations overcome the barriers to information governance and begin to achieve better regulation over information assets.

Understanding big data so you can act with confidence

More data, more problems? Not if you have an agile, automated information integration and governance program in place

Integrating and Governing Big Data

With the dawn of a new era of computing and the growth of big data, information integration and governance is more important than ever before.