Wednesday, July 9, 2008

Confirmation on Need for Enterprise Architecture

The need for institutions to have an enterprise architect has become more apparent, and can no longer be seen as just an opinion as I discovered in this article from Computing SA. A study conduct by Harvard Business report evaluating more than 200 companies worldwide found that companies that decided to utilize and define their enterprise architecture strategies had a significant competitive advantage. Below are the findings on the companies that participated who placed an importance on Enterprise Architecture.

- More competitive, especially in terms of entering new markets and launching new products and services.

- More profitable, both through increasing revenues and slashing costs.

- More easily able to embrace change, including regulatory change.

- Able to remove duplicate and redundant processes, including the IT systems which support these processes.

- Able to cut IT costs (by up to 25%), identify payback on IT and more easily merge the goals of business and IT.

- Able to manage their data more easily, with less manual rekeying of data, and reduced data error and redundancy.

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