Aligning Business and IT with Metadata: The Financial Services Way

Description

Financial services institutions like international banks and insurance companies frequently need to adapt to changes in their environments, yet manage risk and ensure regulatory compliance.The author Hans Wegener reveals how metadata can be used to achieve a successful and technological evolution.This unique approach is divided into three parts to: 1. Explain how metadata can be used to increase an organization's ability to adopt changes 2. Outline the peculiarities of financial corporations and how they affect value creation and solution design 3. Present the practical side of effectively managing metadata and sustaining long term success Wegener firstly illustrates the peculiarities of both metadata management and the financial services industry. He combines both, puts them into context of use, and explains where and how this makes life difficult, as well as where and how value is created. This enables the reader to understand the impact of metadata management on his/her organization, its typical side effects, necessities, and benefits.The book then goes onto reveal how different crosscutting concerns managed in large financial corporations (change, risk, and compliance management) can revolutionize business by supporting them with metadata management. This provides a blueprint to be used in strategic planning. Finally, the mechanics of three important practical areas are discussed in-depth, namely managing evolution, quality, and sustainability. This provides helpful scripts for practitioners to be used in real-life.