Aligning Business and IT with Metadata: The Financial by Hans Wegener PDF

By Hans Wegener

ISBN-10: 0470030313

ISBN-13: 9780470030318

ISBN-10: 0470510587

ISBN-13: 9780470510582

Monetary providers associations like overseas banks and insurance firms usually have to adapt to alterations of their environments, but deal with chance and confirm regulatory compliance.The writer Hans Wegener unearths how metadata can be utilized to accomplish a profitable and technological evolution.This new angle is split into 3 components to: 1. clarify how metadata can be utilized to extend an organization's skill to undertake alterations 2. define the peculiarities of economic companies and the way they have an effect on worth construction and answer layout three. current the sensible facet of successfully coping with metadata and maintaining long-term luck Wegener to start with illustrates the peculiarities of either metadata administration and the monetary companies undefined. He combines either, places them into context of use, and explains the place and the way this makes lifestyles tricky, in addition to the place and the way price is created. this allows the reader to appreciate the influence of metadata administration on his/her association, its commonplace unwanted effects, prerequisites, and benefits.The booklet then is going onto exhibit how diverse crosscutting issues controlled in huge monetary firms (change, hazard, and compliance administration) can revolutionize enterprise through assisting them with metadata administration. this offers a blueprint for use in strategic making plans. ultimately, the mechanics of 3 vital useful components are mentioned in-depth, particularly handling evolution, caliber, and sustainability. this offers priceless scripts for practitioners for use in real-life.

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Extra resources for Aligning Business and IT with Metadata: The Financial Services Way

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In my experience this is indispensable for understanding the levers of value creation at the disposal of business. On the flip side of the coin it helps tremendously in identifying areas where the use of metadata does not add value. 2 Tradeoffs in large multinational corporations As was mentioned already, one focus of this book is on large, multinational, globalized companies. This is important for two reasons. First, such firms are bound by the typical constraints of organizations beyond a certain size, which grew in a more or less uncontrolled fashion over an extended period of time.

Model integration’: Taking two specific modeling viewpoints and two models as its starting point, focuses on merging the models in such a way that both can be mapped to a third, unified model. Evolution is typically seen when changes occur within your realm of control. All that is required is for you to decide what an appropriate change in the model is in order to reflect the changes in the real world. For example, when your company changes its profit center structure to react to business needs, business associated with old profit centers must be updated to reflect the new ones.

Processes also give way to an event-oriented focus, which is natural to understanding a reactive activity like change adoption. Finally, they are extremely helpful in scoping. This becomes critical when the design space needs to be set, thus helping to assess value creation properly. Functional organization emphasizes arranging similar practices or disciplines in the same way – like procurement, development, or sales – , whereas process organization looks at what business data is dealt with and manipulated as part of that corporation’s operation, such as orders, contracts, or liabilities.

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Aligning Business and IT with Metadata: The Financial Services Way by Hans Wegener


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