Nearly 40 to 50% of business are failing today because of misguided strategies, and this means that almost half the projects that are being implemented are failing. Business today is becoming faster and faster, and this calls for rebooting business models to create more value in the marketplace. Enterprise architecture is about taking complex ideas and problems that are being faced in an environment and take these ideas and push them through the business to realize them as a series of products. It is about setting in some technology to reduce risk and create profitability. It is the job of business architecture to accelerate you through this process. There are ways that enterprise architecture has proved that it can and has supported businesses to a great extent, some good examples like ValueBlue empowers your organization to improve every day.
Let us get straight into the pros and cons of business architecture:
The advantages of having business architecture:
- It helps by reducing complexities: according to the needs of your business, the system prioritizes and enables project management.
- It standardizes the different processes involved in your business.
- It helps to enforce the discipline of business processes while reducing the risk to any business from IT system failures.
- Gives you a strategic overview of your business, and crucial insights that help you in minimizing any negative aspect to your business.
- Based on data, it suggests changes that can be made for the growth of your business taking your enterprise to new heights.
- The improvements and analysis are based on data-driven corroboration.
- It allows you to mitigate risks of implementations plans and is also scalable; this means that you don’t have to spend more money as your business grows.
The disadvantages of having business architecture:
- The first con of business architecture is the fact that it puts a massive dent in your pocket; this may result in you ending up spending more than what you have initially planned.
- It requires a lot of training as it is a very complex system; this can also result in clashes within the organization if not implemented properly.