from insurance business strategies to it execution using business architecture

From Insurance Business Strategies

Email: [email protected] number:

(855) 798-2042 (USA & Canada)

to IT ExecutionUsing Business Architecture

mailto:[email protected]

Benefits of a Business Architecture Practice Based on Expecting Savings

Benchmark Consulting Canada Copyright 2016 – All Rights Reserved

• ROI in Q4 after initiating Business Architecture• IRR: 200-350% per year

• 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

IRIS Business Architect Copyright 2016 – All Rights Reserved

• 95% of employees do not understand their organisation’s strategy

• Only 25% to 30% of business transformation initiatives are successful over the long term

http://www.europeanbusinessreview.com/?p=701

http://www.europeanbusinessreview.com/?p=701

http://www.forbes.com/sites/victorlipman/2013/09/04/new-study-explores-why-change-management-fails-and-how-to-perhaps-succeed/

http://hbswk.hbs.edu/item/5170.html

http://www.mckinsey.com/insights/organization/How_to_beat_the_transformation_odds

Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map

BusinessArchitecture

11 Maps Related to Business Architecture


Requirement Map

Process Map (BPMN)

Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map



Requirement Map

Process Map (BPMN)

Mission + Vision + Objectives + Goals


Vision + Objectives + Goals


Strategies & Tactics


Company CD and/or Company AB Opportunities


Company AB Opportunity SWOT Assessment


Company AB – Initiatives to Fix Weaknesses


Company CD – Initiatives to Fix Weaknesses


Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map



Requirement Map

Process Map (BPMN)

Initiatives to Purchase Company AB


Company AB Integration Road Map


Company AB Purchase Costs of Integration


Company AB’s Human Resources Integration Sub-Initiative Diagram


Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map



Requirement Map

Process Map (BPMN)

Organization Chart


Capabilities Relevant to the HR Department


Initiatives Relevant to the HR Department


Processes Relevant to the HR Department


Requirements Relevant to the HR Department


Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map



Requirement Map

Process Map (BPMN)

Initial Insurance Policy Purchase Value Stream Diagram


Initial Insurance Policy Purchase Value Stream/Capabilities


Source: Panorama 360 Insurance Frameworks

Performance Heat Map on Initial Insurance Policy Purchase

IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks

Identify Customer Opportunities Measurements


Processes Mapped to Value Stages


Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map



Requirement Map

Process Map (BPMN)

Tier-2 Customer Facing Capabilities (level 1 & 2)


Performance Heat Map on Tier-2 Customer Facing Capabilities (level 1 & 2)


Business Complexity Measurement on Tier-2 Customer Facing Capabilities (level 1 & 2)


Capability/Org Chart Cross Mapping


Capability/Information Concept Cross Mapping


Assets Mapped to Capabilities



Requirements Mapped to Capabilities



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


Panorama 360

http://biz-architect.com/iris-insurance-wealth-management-framework-ready-prime-time/

http://biz-architect.com/iris-insurance-wealth-management-framework-ready-prime-time/

Thanks!

IRIS Business ArchitectEmail: [email protected]

Phone numbers: (855) 798-2042 x2010 (USA & Canada)

+1-514-798-2042 x2010 (elsewhere)

mailto:[email protected]

from insurance business strategies to it execution using business architecture

Technology