Guidance in Delivering Value through Architecture
You can create and deploy business and enterprise architectures that improve organizational understanding, increase business opportunities, support agility, and deliver value. Cutter’s Architecture team delivers continuous insights based on their hands-on experience assisting organizations worldwide.
The nature and complexities of crises in the financial market is gradually increasing, posing significant challenges, especially for large multinational banks, in managing risks and negotiating through a crisis successfully. Moreover, financial institutions must comply with strict regulations around risk management laid down by global financial regulators. Architects must harness various new technologies, such as big data, to help them build a next-generation architecture that complies with their enterprise’s business, IT, and external regulator needs. This Executive Update draws from my experience in developing, implementing, and governing the enterprise architecture for risk management for a large British multinational bank by leveraging big data technology.
Any portfolio analysis technique should embody the interests of all agents or stakeholders. Product managers earnestly pursue strategic alignment; administrators seek a healthy balance between growth opportunities and business constraints; and implementers work to deliver high-quality products on time and within budget.
Achieving Digital Business Transformation through Strategic Acquisitions: The Role of Enterprise Architecture
Here we illustrate how an EA capability can contribute to an acquisition process by preparing the firm so it is ready to acquire, identifying value-creating possibilities, engaging in direct integration efforts, and monitoring the progress of work. Through our research and practical experiences, we’ve come to appreciate the value of enterprise architecture as an activity or action (the process of architecting) over that of a static framework (the concept of architecture), thereby focusing on the outcomes and impact of EA rather than the idea.
This article defines a framework for delivering a business-driven approach to digital transformation and provides an example of how articulating end-to-end stakeholder value delivery can help frame, scope, and prioritize digital transformation investments. In addition, it links digital transformation to strategic business objectives, ensuring that transformation is driven by the business. Finally, the article outlines the role of technology transformation as an extension of end-to-end strategy delivery.
Given the fast-changing business environment, large legacy organizations need to embark on a digital transformation journey to stay relevant and flourish. Specifically, they need to work with a business-driven framework that enhances business capabilities with architectural principles in mind so the business can adapt faster. Business architecture is a discipline that can help in this journey by bringing to the business the same rigor and adherence to architectural principles that IT has matured over the past few decades. While all of the architectural principles are critical in such a transformation, two specific ones — modularity and reconfigurability — are needed so the enterprise can adapt and respond quickly to a fast and continuously changing environment.