Decision Model Management
On June 14, The Open Group launched the new version of the ArchiMate modeling language for enterprise architecture at the Enterprise Architecture Conference 2016 in London. This is a new step in the development of a standard that started in Netherlands, but in the meantime has received broad international acceptance.
Have you heard the good news?
There seems to be a lot of hype recently among CxO’s around ‘Going to the cloud’. Since its potential is so widely acknowledged and advertised and its opportunities seem endless, digitization of the organization is the New Normal. But what exactly does this digitization involve? And, more importantly, can we exploit all its potential? Read more
Earlier this month, I wrote the first blog post in a series based on a World Cafe discussion we had around the lacking relations between policies and measures in many organizations. The discussion took place in the form of 4 debate rounds. In the previous blog post, I presented Information Security as a necessity of life. There is no doubt that Information Security is a very important topic for most organizations, but during the debate, many participants were uncertain as to whether, and how to communicate to the rest of the company about it. In this blog post, I will present the conclusions of this discussion.
If we look at current IT-trends it is clear that everybody has heard of Big Data. Although there are some known successes (for example US retailer Target which through its extensive data could predict pregnancy faster than the person involved) many companies spend millions (or even billions) of dollars hoarding big data, without using it properly. Read more
Enterprise Portfolio Management (EPM) is the discipline that supports this allocation of investments to various asset categories of the organization, such as capabilities, applications, or infrastructure. EPM helps to create a healthy set of projects and programs that realize strategic goals.
Changing regulations, business strategies and compliancy standards require new business policies to be developed constantly. Consequently, new decisions will be made which need to be managed properly. However managing these new decisions is (of course) not without challenge. The field of decision management has steadily become more popular – first focusing on it being a better way to manage business rules, but lately shifting its focus to predictive analytics.
Capital allocation, i.e., deciding on investments, is probably the most important responsibility of the top management of any organization. This is no easy matter. Warren Buffett, chairman and CEO of Berkshire Hathaway and probably the most successful investor of the 20th century, described this in his 1987 letter to shareholders: Read more
Imagine you are asked to define business requirements and constraints for a set of business rules as part of the design of a solution. What approach would you use?
Strategy execution remains a challenging task for many organizations. The ‘Digital Enterprise’ requires major business transformations, delivered at speed. Most organizations are in a constant state of change. The ‘unfreeze-change-freeze’ model, reasoning from the current to a desired future state, no longer applies; the current state is always in flux and the future state is a moving target. Read more
Be honest, do you consider yourself a great decision maker? I believe, with a few exceptions, that many people are not able to make optimal decisions. Why you might ask? Well, the answer is quite simple: people don’t have the time to collect and analyze all the available data and information from information systems in your organization, suppliers, customers and other external sources.
A major challenge facing business today is how to harness the creative abilities and business knowledge of its employees to gain strategic advantages over its competitors that in turn result in significant increases in profitable sales and or reduction in business costs.
We have all experienced moments where we have had to make a big or important decision, without any form of guidance, help, or support. It’s a well-known fact that managers make many decisions based on gut feeling. This may be fine for smaller decisions, but what about big(ger) strategic decisions? Informed decision making is becoming a trend, with many organizations dispelling gut-based decisions and incorporating tools and analytics to help reach the best possible decision.
Sharing knowledge an good practices is one of the core values of BiZZdesign. We regularly organize and contribute to online and offline seminars, conferences and round tables. We recently had a very successful seminar on Enterprise Architecture in Dutch healthcare. After presentations on “Dilemma’s for Architects”, based on the relation between physical and digital architecture in hospitals and “Data Management”, we had a debate to discuss associated topics further with our attendees. Please share your good and worst practices by reacting to this blog.
The Open Group Architecture Framework (TOGAF) is the most popular framework for developing an enterprise architecture (EA). It is an open standard and may be used freely by any organization wishing to develop an enterprise architecture for use within that organization. BiZZdesign believes in an EA approach that is based on open standards and frameworks. We combine and pre-package frameworks and standards like TOGAF and ArchiMate as an accelerated approach to jump-start customers’ EA programs. In this blog we will explain how we use TOGAF as framework, apply it in practice, with the goal of doing business-outcome-driven EA.
Earlier this week, a large Dutch insurance company got itself into the national headlines after mixing up sensitive customer data. By mistake, over 2,500 participants in a large-scale medical research received an e-mail with information that was intended for other participants.
“In creating and handling the data, we made a mistake. This way we accidentally coupled the wrong information to the e-mail addresses of the research participants”. According to the insurance company, this was a “human error’’, and not an error in the organization’s system, which was tested extensively. Read more
Very few organizations have a systematic and reliable way of translating a business strategy into action across all relevant elements of the organization. Implementing a long-term plan by successive decomposition, design and realization steps is only possible in stable circumstances. Classical top-down strategy implementation cannot keep up with the transformation speed required in a rapidly changing environment.
Until quite recently, IT security was exclusively the domain of security specialists. However, in the last couple of years, organizations have started to realize that IT-related risks cannot be seen in isolation, and should be considered as an integral part of Enterprise Risk and Security Management (ERSM). ERSM includes methods and techniques used by organizations to manage all types of risks related to the achievements of their objectives.
In a previous blog post, Marc Lankhorst discussed the value of EA in managing risk, compliance and security in the enterprise. He suggested a number of steps to take next; two of these steps are discussed in more detail in this blog: