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.
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