I have predicted for some time (although not brave enough to do so publicly[**]) that the manner in which the finance and other industries conduct their business operational processes, both Architecturally at all levels and from a Software Development perspective, would cause spectacular business failure in some form or another at some point. As it turns out that amongst other things it was a lack of understanding and communication about the Business Architecture and Business Models that have appeared to cause this failure.
This paper explores some of the potential causes, and why people don’t speak up too loudly… (and can’t be too explicit). Obviously it has become easier now that we have the evidence and proof, but will anyone listen and more importantly act on improving their Enterprise Architecture – specifically the Business Architecture?
Access the PDF here: Lack Of EA – Financial Industry Collapse V0.01