11 years, 1 month ago

Don’t Panic, Troux Has You Covered

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By: Ben Geller, VP Marketing, Troux

Did you know today is International Panic Day? An enterprise-wide technology failure is one of the biggest causes for panic in the business world behind maintaining profitability. If a company’s IT infrastructure or mission critical application goes down, it affects everyone – including customers.

Troux customer, Scottish Widows Investment Partnership (SWIP), a subsidiary of Lloyds Banking Group, supports over 500 financial professionals across a number of business teams including front office, compliance, risk and others. The company deploys cutting-edge technology to process huge volumes of data and manage sophisticated investment products, all within policies designed to meet industry and regulatory standards and policies. They can’t risk a possible technology failure.

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SWIP sought out an enterprise portfolio management partner to evolve their solution architecturepractice and help the company scale. With aggressive growth plans on the horizon, changes had to be implemented quickly.

Luckily the EA team engaged Troux early, and using the Troux Accelerator methodology and EPM approach, SWIP was able to identify critical business questions that needed to be addressed in order to prevent future growth issues. Within just 12 weeks, SWIP was able to capture and store mission-critical information from six enterprise portfolios spanning business architecture, applications, goals and strategy, investments, technology and information.

As a result, SWIP was able to create SWIP Transformation Architecture Repository (STAR), a common platform that manages all elements of SWIP architecture, which allows the EA team to access data and information in real-time, across the company and the portfolios to easily scale to meet business needs.

STAR has become not just a tool for enterprise portfolio management, but a decision-making tool for stakeholders across the company. For example, in the event of a service failure, the IT support team can refer to STAR to identify the impacted applications, business functions and business capabilities. Reports producing all the information on a specific server can be run in seconds, providing enhanced information to support failure recovery and inform affected areas of the business.

So, if your company lacks the visibility needed to understand and deal with the potential of an enterprise-wide technology failure before it happens – don’t panic – Troux has you covered.

To read more about Scottish Widow Investment Portfolio’s experience with Troux, please visit: http://www.troux.com/outgoing/case_study_swip.pdf. To learn how your company can benefit from Enterprise Portfolio Management, please visit www.troux.com