from insurance business strategies to it execution using business architecture
TRANSCRIPT
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From Insurance Business Strategies
Email: [email protected] number:
(855) 798-2042 (USA & Canada)
to IT ExecutionUsing Business Architecture
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Benefits of a Business Architecture Practice Based on Expecting Savings
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• ROI in Q4 after initiating Business Architecture• IRR: 200-350% per year
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• 66% of HR and IT departments develop strategic plans that are not linked to the enterprise strategy.
Sources: the first 2 bullets are derived from The Strategy-to-Execution Process: A Critical Component of Transient Competitive Advantage in the European Business Review on November 7, 2013 and the last bullet is derived from various additional studies made by Towers Watson, Harvard Business Review, and McKinsey & Co.
Today’s Financial Institutions Disconnects
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• 95% of employees do not understand their organisation’s strategy
• Only 25% to 30% of business transformation initiatives are successful over the long term
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Value Map
Capability Map
Stakeholders Map
Organization Map
Information Map
ProductMap
Asset Map
Initiative Map
Strategy Map
BusinessArchitecture
11 Maps Related to Business Architecture
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Requirement Map
Process Map (BPMN)
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Value Map
Capability Map
Stakeholders Map
Organization Map
Information Map
ProductMap
Asset Map
Initiative Map
Strategy Map
BusinessArchitecture
Benchmark Consulting Canada Copyright 2016 – All Rights Reserved
Requirement Map
Process Map (BPMN)
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Mission + Vision + Objectives + Goals
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Vision + Objectives + Goals
IRIS Business Architect Copyright 2016 – All Rights Reserved
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Strategies & Tactics
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Company CD and/or Company AB Opportunities
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Company AB Opportunity SWOT Assessment
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Company AB – Initiatives to Fix Weaknesses
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Company CD – Initiatives to Fix Weaknesses
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Value Map
Capability Map
Stakeholders Map
Organization Map
Information Map
ProductMap
Asset Map
Initiative Map
Strategy Map
BusinessArchitecture
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Requirement Map
Process Map (BPMN)
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Initiatives to Purchase Company AB
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Company AB Integration Road Map
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Company AB Purchase Costs of Integration
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Company AB’s Human Resources Integration Sub-Initiative Diagram
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Value Map
Capability Map
Stakeholders Map
Organization Map
Information Map
ProductMap
Asset Map
Initiative Map
Strategy Map
BusinessArchitecture
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Requirement Map
Process Map (BPMN)
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Organization Chart
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Capabilities Relevant to the HR Department
IRIS Business Architect Copyright 2016 – All Rights Reserved
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Initiatives Relevant to the HR Department
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Processes Relevant to the HR Department
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Requirements Relevant to the HR Department
IRIS Business Architect Copyright 2016 – All Rights Reserved
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Value Map
Capability Map
Stakeholders Map
Organization Map
Information Map
ProductMap
Asset Map
Initiative Map
Strategy Map
BusinessArchitecture
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Requirement Map
Process Map (BPMN)
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Initial Insurance Policy Purchase Value Stream Diagram
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Initial Insurance Policy Purchase Value Stream/Capabilities
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Source: Panorama 360 Insurance Frameworks
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Performance Heat Map on Initial Insurance Policy Purchase
IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks
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Identify Customer Opportunities Measurements
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Processes Mapped to Value Stages
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Value Map
Capability Map
Stakeholders Map
Organization Map
Information Map
ProductMap
Asset Map
Initiative Map
Strategy Map
BusinessArchitecture
Benchmark Consulting Canada Copyright 2016 – All Rights Reserved
Requirement Map
Process Map (BPMN)
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Capability Map (Level 1)
IRIS Business Architect Copyright 2016 – All Rights Reserved Source: Panorama 360 Insurance Frameworks
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Tier-2 Customer Facing Capabilities (level 1 & 2)
IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks
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Performance Heat Map on Tier-2 Customer Facing Capabilities (level 1 & 2)
IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks
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Business Complexity Measurement on Tier-2 Customer Facing Capabilities (level 1 & 2)
IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks
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Capability/Org Chart Cross Mapping
IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks
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Capability/Information Concept Cross Mapping
IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks
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Assets Mapped to Capabilities
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Source: Panorama 360 Insurance Frameworks
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Requirements Mapped to Capabilities
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Source: Panorama 360 Insurance Frameworks
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Panorama 360
• 613 Business Capabilities• 502 Information Concepts• 472 relationships between
Capabilities and Information Concepts
• Learn more here:http://biz-architect.com/iris-insurance-wealth-management-framework-ready-prime-time/
Source of Business Capabilities and Information Concepts
IRIS Business Architect Copyright 2016 – All Rights Reserved
Panorama 360
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Thanks!
IRIS Business ArchitectEmail: [email protected]
Phone numbers: (855) 798-2042 x2010 (USA & Canada)
+1-514-798-2042 x2010 (elsewhere)