Proving the value of enterprise architecture (EA) projects is a key milestone for many customers.
That’s why we’re so pleased that Discover Financial Services, a Troux customer, has been recognized by InfoWorld and Forrester Research Inc. with the 2010 Enterprise Architecture Award in part because of the demonstrable value its Enterprise Architecture Repository has delivered. The repository, built using the Troux Transformation Platform and the companion Troux Standards application, produced $4.4 million in IT savings and/or cost avoidance in 2009 and another $390,000 in the first quarter of 2010.
Discover developed the repository so its EA function could move beyond a focus on technical analysis and standards to facilitating strategic business alignment across the financial services company. In practice, that has meant pulling together information about applications, their capabilities and their costs to allow business managers to make better choices about how IT supports the business. The repository now includes information on 450 unique applications, 338 owner assignment groups, 21 application categories, 24 business locations, 86 major business functions, 102 DB2 applications, 177 unique standards categories, 933 software products and 1024 software product versions. Some of the specific cost savings Discover has realized drives home the value of EA in an unusually clear way:
• Discover saved $400,000 in 2009 alone through mainframe software tuning.
• Working with Discover’s Architecture Review Board, the EA team was able to avoid the construction of a new data center in Asia by identifying a more efficient way to deliver the needed services using existing systems.
• The repository has cut the time required to bring new applications to market by 20% by giving developers clean, reliable information about existing applications they can use in requirements definition. Faster application delivery translates into business benefits in the fast-changing financial services industry.
• The repository has also reduced the time required for the Architecture Review Board to evaluate IT-related projects. In 2007 only 40 percent of submitted designs were reviewed and approved in less than 10 days, but by the end of 2009 that number increased to 92 percent.
All this is just an example of what an organization can do with the information produced by a properly-implemented EA initiative. Congratulations to Richard J. Reese, vice president of EA at Discover Financial Services, and the entire team at Discover. We’re proud to have worked with them to deliver such solid business value through the effective use of EA. We look forward to working with Discover to demonstrate further ROI improvements on their EA initiative, and to providing complete data to business management for improved decision-making.
You can read the full press release here