The document introduces the Smart Data Models program which provides standardized data models for various domains. It explains that the program aims to enable agile standardization through contributions from the community. It outlines the governance structure and current status of the program, including the available domains, data models, contributors and tools. Participants are then guided through an exercise to turn a data source into a Smart Data Model by generating a JSON schema, example payload and submitting it as a pull request to the incubated repository on GitHub.