MISMO Preparing for the release of v3.2

I've been doing a lot of thinking about the next version of MISMO lately, partly because I chair a workgroup, but also because I just wrote a guest post about it for Tony Garritano’s Progress In Lending blog:  http://progressinlending.com/blog/2012/07/23/the-robustness-principal/#null

The main point of my post is about the power of a common reference for terms and definitions that can be used across the enterprise.   Its fairly well known that MISMO can improve communications between trading partners.  But, it can also be used internally to be the universal or master data layer between multiple systems and between departments.  Many organizations struggle with a lack of data quality and consistency. There's also usually minimal data governance and little collaboration between IT and business units. MISMO can provide a significant boost in designing and developing data strategies that stay pace with regulatory changes and technology modernization.  Why start from scratch when you can apply the benefits and strength of industry collaboration?

I'm always interested to hear what you have to say.  Please comment below.