In light of the COVID-19 pandemic, The Open Group will host its upcoming virtual event (which was originally planned to take place face-to-face in Mumbai, India) on April 27 – 29, 2020. As an organization that prides itself on bringing people together globally, it is important to us that we continue to do so during these uncertain times. Everyone’s health and safety are the key priorities. The Open Group has planned for the virtual event to be conducive to time zones across the globe.
Recently, the Banking Industry Architecture Network (BIAN) published version 8.0 of its financial industry reference architecture. This provides a comprehensive model of the business capabilities, business scenarios, service domains and business objects used in banking and other financial services.
Like many of technology’s better creations, the IT4IT™ Reference Architecture standard was born out of necessity.
The IT landscape is continually shaped by innovation. Despite that being a cause for celebration for consumers and end-users, the introduction of these new technologies – such as the mainframe, the PC, client servers, the Internet, cloud computing, IoT, etc. – meant that the IT function had, effectively, lost track of what it needed to manage and control.
An open standard architecture-based approach to managing the business of IT was needed. This would have to be a holistic, end-to-end, service-based description of everything the IT function needs, and to be a good steward of all the IT components, solutions, and services within its remit. It was this issue that set in motion the train of events that brought us to where we are today. But there are no grounds for complacency. The work continues.
Even today the complexity and pervasiveness of, and the dependency on, IT systems continues to grow. In many cases, in many organizations today, the management solution is a loose collection of siloed processes. We are still not paying enough attention on how to remain in control. That is why the IT4IT standard is such an important instrument to manage IT, and why we have chosen to document how it came to be.
By Steve Nunn, President and CEO, The Open Group
As we usher in the new decade, I would like to express my sincerest wishes for you – our valued Members, The Open Group global community, and staff – to enjoy much happiness and great success in 2020.
What a year it has been here at The Open Group! As I reflect on 2019 and consider what is to come in 2020, one thing is very clear – The Open Group is doing even more of what it does best – helping to solve real business problems through technology standards.
As someone who cares about how business strategy and digital intersect, it is great to see complementary validations of business thinking. This is what I found after reading “Competing in The Age of AI”, released on January 6, 2020. The book’s authors extend and compliment “Designed for Digital” which was reviewed in September. Maybe the authors should take a walk across the Charles River.
In Competing in the Age of AI, authors Marco Iansiti and Karim Lakhani dig into the role of data and AI in driving the digital future. Their perspectives provide additional and supportive thinking from Designed for Digital.
The Open Group released two new bodies of work during The Open Group Denver event in July 2019. The first was a snapshot of what is intended to become The Open Agile Architecture Framework™ (O-AAF). The objective of this document is to cover both Digital Transformation and Agile Transformation of the enterprise, and is valid until January 15, 2020. The second new document was The Digital Practitioner Body of Knowledge™ Standard (DPBoK), Version 1.0, which assists individuals and organizations who wish to create and manage product offerings with an increasing digital component, or lead their organization through Digital Transformation.