IBM Industry Models

Features and benefits

Features

The business value of the IBM Industry Models is their use to develop corporate standards that business and IT can use to implement key strategic business initiatives faster and more reliably. Based upon industry experience of more than 500 clients, and more than ten years of development, the IBM Industry Models are unique. The IBM Industry Models, which are part of the IBM InfoSphere Software portfolio, are used specifically for:

Integration through Service-Oriented Architectures – Customers are using the IBM Service Models as part of their SOA strategy to integrate legacy applications and new functionality through a layer of consistent service definitions that can be deployed on IBM middleware or on other infrastructures.
Core System Renewal – The IBM Industry Service Models are also being used as component blueprints for the development of new core applications such as policy administration systems or payment solutions.
Process Transformation – Customers are using the IBM Industry Process Models to streamline their core processes across organizational boundaries. The models provide a strong basis for defining to-be processes and can be used to choreograph services through their strong connection to the service models. Some of the most frequent processes being refactored by customers are account opening, claim management and customer service.
Data Governance and Standardization – Customers are using the IBM Industry Data Models to help define a corporate set of standard definitions and best practices around their data. The models provide business descriptive classifications (terminology and functions) and attribute-level definitions for any given data element. On behalf of the business, a data stewardship program can outline data quality guidelines. In turn, IT can then use data integration, business integration and master data management infrastructure to enforce standards and use data profiling techniques for compliance monitoring or exception alerting
Operational Insight – Customers are using the IBM Industry Data Models to provide a comprehensive analytical reporting framework encompassing key performance in areas such as relationship marketing, supply chain, profitability, risk and compliance, and asset and liability management.
Risk and Compliance – The IBM Industry Data Models support the reporting needs of a series of regulatory requirements such as Basel II, Sarbanes Oxley or the European Union Solvency regulation.
Enterprise Architecture – For any given industry, the models are interconnected and cross-referenced (this is usually referred to as traceability). In this respect, the Industry Models provide the structure and content for supporting the business and application layers of an enterprise architecture.

Key capabilities

Enables business users to easily scope and customize their own requirements.
Facilitates step-by-step business-focused development and roll-out.
Delivers regularly updated business, technical and regulatory content.
Creates open technology platforms for any application or integration solution.
Manages definitions and standards in complex IT environments.
Integrates with IBM’s Component Business Model used for business re-engineering.
Ensures usage of business definitions across an enterprise’s data, process and services layers.

The IBM Industry Models are

Proven – the top three banks and insurance companies worldwide are using the IBM Industry Models in various facets of their business-driven IT strategies, such as risk and compliance reporting and process transformation.
Business-ready - the models are proven to foster collaboration and approval between business and IT, as necessary, to turn business requirements into actionable solutions.
Regulation aware - subject matter experts have distilled compliance regulations into statutory reporting and business process requirements without the need for external development.
Comprehensive – they contain content garnered from multiple client engagements is turned into a suite of interrelated data, process and service models, with a proven methodology and models that require minimal customization.
Enterprise-standards – they support enterprise architectural standardization projects related to process and information-centric initiatives such as core system renewal, process transformation, and integration through Service Oriented Architecture, data governance, and consolidated operational insight, risk and compliance performance management projects.
Accelerated delivery – delivered with out of the box support for the industry’s leading performance management, information and process middleware, and development tooling from IBM, namely Cognos, InfoSphere, WebSphere and Rational respectively, in addition to leading third party products that accelerates the requirements definition, development and deployment project phases.

Benefits

Support on average over 85% of data requirements out of the box
Reduces process and service analysis and design by more than 40%.
Compresses project time significantly, compared to custom, in-house development projects.
Accelerates time taken to secure stakeholder approval by more than 50%
Reduces data warehouse deployment time by 10-15%