Business Technology Solution Development

To deal with todays business and technology challenges and trends a new approach to delivering business value through business technology solution development and deployment is required. Craig & Kumar Management Consulting Inc. has defined this approach as the “Business Centric” approach.

Several complex business and technology challenges make traditional solution development approaches used by large solution development organizations ineffective for todays world. These challenges include:

• Increased pace of business and technology change and the ability of the organization to change
• Increased complexity of business and technology
• Continued lack of connection and alignment of business and technology
• Increased demands and expectations from clients and staff
• Real-time on-demand services
• Funding
• Extreme Legacy environments
• High failure rate of software development initiatives
• High solution operating costs
• Time to deliver
• Poor change management
• Lack of proper business knowledge capture
• Increased partnering and integration of business services, processes, information, and technology
• Large volumes of data, content, information, and knowledge
• New global business model structures
• Transition of management from art to science
• Need for transparency
• Enhanced reporting to support increased regulatory requirements
• Enhanced privacy and security requirements
• Increased auditing and traceability requirements
• Need for real-time business and technology monitoring, event pattern detection, and notification

To address these challenges and trends Craig & Kumar Management Consulting Inc. developed the business centric approach to solution development. The business centric approach to solution development uses methods and technologies focused on business knowledge capture, linkage and use versus traditional software development methods and tools. The key technology components of the business centric approach include:

• Business Architecture
• Business Process Management
• Business Rule Management / Enterprise Rule Book
• Enterprise Decision Management
• Business/Common Event Processing
• Service Oriented Enterprise and Architecture
• Business Activity Monitoring
• Business Intelligence and Reporting
• Enterprise Semantics Management
• Model Driven Development
• Enterprise Knowledge Repository
• Proven business and technology standards
• Rich Interface Experiences

These technologies are interwoven with traditional solution development lifecycle approaches, phases, activities, and deliverables with the combined goals of maximizing business knowledge capture that can generate executable processes and decision services aligned to business services; minimizing software development and source code; encouraging reuse; and providing the basis  for business activity monitoring and analysis that will enable continuous business improvement and agility.