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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 entity. This self-funding model is shown on the right.
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The technology roadmap outlines the major initiatives for standardizing the IT environment and increasing IT’s efficiency and effectiveness over the next five years. The initiatives were determined by various sources including business-side IT roadmaps, executive management planning meetings, client planning sessions, and client year-end reviews. The three major initiatives identified are enterprise architecture, security and privacy programs, and fiscal discipline.
The enterprise architecture initiative will focus on simplifying the environment to ensure stable and economical performance for mission-critical applications. Simplifying the environment to decrease costs will include activities, such as decreasing the number of application systems and migrating applications off the mainframe. Efficiencies will also be gained by expanding capabilities for manipulating large data sets and storing traditional paper-based files electronically. The SOA service center will manage code (or services) for all development teams to discover and use, which will save time and costs in application development, testing and deployment.<ref name="FDIC08"/>▼
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The Corporation will continue to enhance IT security and privacy programs to address new and evolving risks by improving controls over sensitive data. In some cases, technology, such as scanning outgoing e-mail for sensitive information and encrypting removable storage devices, can mitigate potential risks. The other cornerstone of mitigating risk is educating employees of emerging security and privacy issues.<ref name="FDIC08"/>▼
▲The
Lastly, in order to continue sound fiscal discipline and responsibility, the Corporation will establish IT baselines and metrics, study steady-state costs, manage service level agreements, and more judiciously choose new development projects. These three areas – enterprise architecture, security and privacy programs, and fiscal discipline – are shown below with the estimated time frames.<ref name="FDIC08"/>▼
▲Lastly, in order to continue sound fiscal discipline and responsibility,
== See also ==
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