Operational IT Risk Control Platform
Constant struggles in the IT Risk Control portfolios of COO, CIO, IT Area Leads and DevOps engineers, are predominantly because of lack of data driven, end to end chain control views.
Let’s try to understand what are these use cases, and which player play which role. We explain the story with the help of imaginary Bank and data set produced. This Data Set is covering different scenarios of money movement between individuals, institution to individuals and institution to institution. Goal of this Data Set is to mimic a supporting processing chain from the prospective of Financial Institution (such as Bank) and, elaborate on role of different applications serving the Business Process of Money Movement. Additionally, you would get familiar with the onboarding journey for SysAnalytix platform and get an idea of how data is used for learning and providing Artificial Intelligence powered Operational Chain Control for this dummy Financial Institution.
Money movement between Individuals
Periodic Money Movement between Institution & Individuals
Let’s take a scenario where an Employer has a Salary Commitment with its Employees and wants to pay Salary to them via a Financial Institution (Bank)
Money Exchange between Institutions
Or, a different scenario, where Institutions are involved in Money Movement, because of different reasons such as different Business Geographies, Currencies or other Customer Segments
Customer engagement pattern for a Bank
Amidst all these different User Journeys, for the Financial Institution, it is a Money Movement, irrespective of parties involved and and the actors like below
Internally, with the bank, this will be supported by a Business Process consisting of different Business Applications Logical Business Application supporting Customer Engagement
Logical Business Application supporting Customer Engagement
Further, these Logical Business Applications are realised by Physical Application Components which constitute part of the Overall Application Landscape for Financial Institution
Application Component View
Looking further, for realizing a Transaction (such as Money Movement between Individuals), bunch of applications will be involved depending on type of Money Movement, different processing trails will be formulated.
Transaction Processing Trail view
How will Operational IT Chain control work?
Data – Feed – Operational Control
Coming back, as we are trying to mimic the Money Movement as seen by the Financial Institution, the Demo Data Set will feed these Processing Trails in SysAnalytix ecosystem for your Tenant Domain and accordingly you would be able to enjoy the rich feature listing of SysAnalytix Platform.
Beyond the Demo Data, when you would like to hook up data sources of your organisation securely in SysAnalytix Platform, you can get more information in Data Shipper space which covers several possibilities of Data Feed such as Business Events, Application Logs, and Metrics etc.
The problem statement sounds interesting … there is definitely a need to have a connected view with clear impact analysis. If prediction power can be coupled on top of it then it would be perfect.