IT Strategy and Architecture
We help our clients develop focused or comprehensive technology strategies to prepare for tomorrow, deliver new capabilities today, and mitigate yesterday’s legacy challenges. We also create high-level roadmaps to help your organization understand what will be delivered when, and why.
You Can Get There From HereDemands on insurance IT have never been higher. Insurer IT groups are tasked with delivering an ever-expanding set of capabilities including faster speed-to-market, better distributor and customer service, and better analytical capabilities.
But too many insurers are dealing with the challenges of overly complex IT environments and brittle or redundant systems that cripple their ability to deliver business value rapidly or cost effectively.
While most insurers know the pain points within their existing environments, many need help in developing the vision that addresses their needs, while leveraging technology trends and leading industry solutions. It can be an even more daunting to define the roadmap of projects to implement that vision while keeping the business running.
We Can HelpWhether you are developing a multi-year strategic plan, a data architecture or a digital transformation, we can help you develop an IT strategy that includes:
- Current environment assessment
- Business and technology goals
- Guiding principles
- Blueprint of the technology vision
- Roadmap for delivery
Step 1: Current State AssessmentThrough a series of onsite and offsite meetings, we conduct a current state assessment including a review of the current state technology against existing and future business needs, technology risk and pain-points, and industry best practice. We interview key business and IT stakeholders, review existing documentation and plans.
The current state analysis will typically cover:
- Business Strategy Summary. Assessment of Strategic Opportunities, Vision, Critical Success Factors, Business Goals, decomposed by Business Function and supported with an Organization Diagram
- Current State Pain Points and System Capabilities. Assessment of the existing systems capabilities, risks, gaps and pain points — and the relative severity of these issues.
- IT Guiding Principles. Articulation of the fundamental IT values that guide the decision-making process.
- Technology and Process Observations. Analysis and documentation of the findings around flexibility, complexity, scalability, ease of use, and supportability of the current technology and processes.
Step 2: Strategic Enterprise BlueprintWe work with your team to develop, document and communicate the Strategic Enterprise Blueprint that outlines the organization’s technology vision. This includes:
- Vision Statement. Where does IT want to be and when does it want to get there?
- Focus Areas. What will IT focus on? This will be evaluated against industry areas of focus like digital or security.
- Enablers. What will allow the focus areas to progress? Areas of focus will include the operating model and the culture.
- Strategy Alignment. How can business goals be traced to IT goals? Are there any gaps? The existing IT strategy is assessed, and a target architecture is proposed.
- Data, Application and Technology Architectures. High level to be technology vision, including major components, technology, high level functions and integration strategies for the enterprise applications and data.
Step 3: High Level IT Roadmap
Through a series workshops, we work with your IT leadership to map out the set of projects or initiative to deliver the blueprint components and capabilities over time. A Proposed List of Projects by Business Functional Area will be identified and compared to the exiting list of anticipated projects. The roadmap may also address Interim Architectures and Business Capabilities that will exist along the way.