Abstract
Enterprises always have to pursue for profitability while maintaining long term competitive advantages. Today, this task becomes more challenging due to globalization and dynamic changing business environment. For each enterprise, this task can not be fulfilled without changes to its business infrastructure and IT systems. That is, enterprises need to transform themselves to adapt to both external and internal changes. This kind of transformation is not simply any transactional act, but rather a never-easy journey. In this paper, the concept of continual business transformation is introduced with key challenges identified. Based on experience from practical cases, we propose a set of business transformation technology framework that incorporates component-based approach and business-driven architecture. In the framework, CBM (Component Business Modeling) method is to identify transformation opportunities and provide guidance to IT architecture design from business perspectives. As transformation needs to be conducted in a holistic view, IT Blueprint in the framework is to provide an enterprise-wide IT design and governance model. To avoid building more silo applications as happening today in many cases, the IT Blueprint can be used to guide solution development for better alignment among different applications as well as across various stages during the transformation. Another keystone in the framework is Assetization, which is proposed for quality improvement and cost reduction from harvesting and reusing artifacts built in the transformation journey. Furthermore, we also illustrate how these methods and technologies were validated in a transformation engagement with a leading international bank in Asia-Pacific with satisfactory results.
Chapter PDF
Keywords
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
References
R.T. Pascale and J. Sternln, Your Company’s Secret Change Agents, Harvard Business Review May, 72–83 (2005).
S. Kapoor and K. Bhattacharya, A Technical Framework for Sense-and-Respond Business Management, IBM System Journal 44(1), 5–24 (2005).
R.K. Weiler, Decision Support: Overcoming Obstacles To Asset Reuse; http://www.informationweek.com/story/showArticle.jhtml?articleID=6502407
A. W. Brown, Large-scale Component-Based Development (Prentice-Hall, 2000).
A.W. Brown, Model-Driven Architecture: Principles and Practice, Journal of Systems and Software Modeling, 3(4), 314–327 (2004).
J. Magretta, Why Business Models Matter, Harvard Business Review, May, 86–92 (2002).
R. Veryard, Towards the Component-Based Business: Plug and Play (Springer, London, 2000).
S. Ramamurthy, Simplify to Succeed Optimize the Customer Franchise and Achieve Operational Scale, IBM Business Consulting Services G510-9108-00, 2003.
Building an Edge (January 23, 2005); http://www.ibm.com/industries/finance/bae, Volume 5, Number 6, June 22, 2004
J. Zhu, Z. Tian, and T. Li, Model-Driven Business Process Integration and Management: A Case Study with Bank SinoPac Regional Service Platform, IBM Journal of Research and Development 48(5/6), 649–670 (2004).
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2006 International Federation for Information Processing
About this paper
Cite this paper
Li, T., Ding, W., Tian, C., Cao, R., Yang, S., Zhu, J. (2006). Continual Business Transformation Technology. In: Tjoa, A.M., Xu, L., Chaudhry, S.S. (eds) Research and Practical Issues of Enterprise Information Systems. IFIP International Federation for Information Processing, vol 205. Springer, Boston, MA. https://doi.org/10.1007/0-387-34456-X_9
Download citation
DOI: https://doi.org/10.1007/0-387-34456-X_9
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-34345-7
Online ISBN: 978-0-387-34456-0
eBook Packages: Computer ScienceComputer Science (R0)