FDIC Enterprise Architecture Framework: Difference between revisions

Revision as of 02:25, 20 March 2011

Revision as of 15:57, 15 May 2011

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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of the current article is about the Enterprise Architecture Framework developed around 2005, and currently anno 2011 out-of-date.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 ==

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== 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 Federal Deposit Insurance Corporation (FDIC) recently 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 ==

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* ''[[Security Architecture]]'' : The Security Architecture establishes a framework for integrating safeguards into all layers of the FDIC's Enterprise Architecture. The security architecture uses a risk management and information assurance strategy that provides access control, confidentiality, integrity, and non-repudiation for the Corporation's information and systems.<ref name="FDICOIG05"/>

=== Future IT Developmentdevelopment ===

[[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"/>

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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 Corporation. This self-funding model is shown on the right. <ref name="FDIC08"/>

=== Five-Yearyear Technologytechnology Roadmaproadmap ===

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.<ref name="FDIC08"/>

[[Image:Five-Year Technology Roadmap.jpg|thumb|360px|Five-Year Technology Roadmap, 2008.]]