FDIC Enterprise Architecture Framework: Difference between revisions

Revision as of 17:35, 23 December 2011

Revision as of 09:05, 8 November 2012

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[[Image:FDIC’s Enterprise Architecture Framework.jpg|thumb|320px|FDIC’s Enterprise Architecture Framework from 2005.<ref>OIG (2005). [http://www.fdicoig.gov/reports05/05-018-508.shtml Implementation of E-Government Principles]. May 2005</ref>]]

'''FDIC Enterprise Architecture Framework''' is the [[Enterprise Architecture framework]] of the United States [[Federal Deposit Insurance Corporation]] (FDIC). A lot of the current article is about the Enterprise Architecture Framework developed around 2005, and currently anno 2011 out-of-date.

== Overview ==

The FDIC's framework for implementing its [[Enterprise Architecture]] is based on Federal and industry best practices, including the Chief Information Officer (CIO) Council's [[Federal Enterprise Architecture Framework]] (FEAF) and the [[Zachman Framework]] for Enterprise Architecture. FDIC's framework has been tailored to emphasize [[security]]. The FDIC EA framework complies with the FEAF and highlights the importance of security to all other components of the architecture.<ref name="FDICOIG05"> [http://www.fdicoig.gov/reports05/05-018-508-figure1.shtml Implementation of E-Government Principles] AUDIT REPORT, Report No. 05-018, May 2005</ref>

The FDIC EA framework includes five components. The first component, the Business Architecture, focuses on FDIC's business needs. The next three components, the [[Data Architecture]], Applications Architecture, and Technical Infrastructure Architectures, focus on the technological capabilities that support the business and information needs. The final component, the [[Security Architecture]], focuses on specific aspects of interest to the Corporation that span the enterprise and must be integral parts of all other architectures.<ref name="FDICOIG05"/>

== History ==

Historically, Federal agencies have managed IT investments autonomously. Until the new millennium, there has been little incentive for agencies to partner to effectively reuse IT investments, share IT knowledge, and explore joint solutions. A collective, government-wide effort, supported by the Federal CIO Council, utilizing the [[Federal Enterprise Architecture]] (FEA), has been undertaken in an effort to yield significant improvements in the management and reuse of IT investments, while improving services to citizens, and facilitating business relationships internally and externally. The FEA is a business-based framework that provides the Office of Management and Budget (OMB) and Federal agencies a way to monitor, analyze, and control Federal IT investments.<ref>FDIC (2003). ''[http://www.iriboffice.ir/LinkClick.aspx?fileticket=up56ppcNQ4M%3D&tabid=246&mid=634 Information Technology Strategic Plan 2004–2007]'' </ref> The FDIC first realized the value of EA in 1997, when two business executives had to reconcile data that had come from different systems for a high-profile report to the banking industry. The FDIC's first EA blueprint was published in December 2002.<ref>Gregg Kreizman, Cathleen E. Blanton (2005) "[http://www.aea-dc.org/resources/2006-7-12-Gail-Verley-FDIC-EA-Business-Alignment-Gartner.pdf The FDIC Is Aligning IT to Business Through Enterprise Architecture]" Gartner, Inc.</ref>

In 2004 the FDIC received a 2004 Enterprise Architecture Excellence Award from the Zachman Institute for Framework Advancement (ZIFA) for its initiative to manage corporate data collaboratively. [[John Zachman]], an expert on enterprise architecture, founded ZIFA, a network of information professionals supporting enterprise architecture's role in helping organizations operate from a corporate perspective.<ref>[http://www.fdic.gov/news/news/press/2004/pr13104.html FDIC Receives Technology Award]</ref>

== EA framework topics ==

=== FDIC EA framework ===

The FDIC EA framework from 2005 included five components.

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=== Future IT development ===

[[Image:Self-Funding Model for Future IT Development.jpg|thumb|320px|Self-Funding Model for Future IT Development, 2008.<ref name="FDIC08"> CIO Council (2008) [http://www.fdic.gov/about/strategic/it_plan/IT_Strategic_Plan_2.pdf Information Technology Strategic Plan 2008–2013], January 23, 2008.</ref>]]

The banking business model has become more complex, giving rise to financial instruments such as [[collateralized debt obligation]]s (CDOs) and [[structured investment vehicle]]s (SIVs) to manage risk. These instruments have created greater dependencies between the domestic and international financial markets. Financial institutions must, therefore, strike a balance between regulatory, legislative and banker concerns while appropriately managing risk.<ref name="FDIC08"/>

As cost savings are realized from a simplified IT environment and more efficient processes, the savings will be reinvested for IT improvements or accrue to the Corporation. This self-funding model is shown on the right. <ref name="FDIC08"/>

=== Five-year technology roadmap ===

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== Further reading ==

* Pallab Saha (2007). ''Handbook of Enterprise Systems Architecture in Practice‎Practice''. Chapter IX gives a detailed case study of the FDIC.

== External links ==

{{CommonscatCommons category|FCIC Enterprise architecture}}

* [http://www.fdic.gov/index.html FDIC] Homepage.