Use Of Industrial Standards As Means To Establish Common Information Structures - Ruth Sommar

The 2008 world crisis increased the pressure for information tracking, especially in banking and insurance sectors which led to many new rules, laws and reporting that must be complied. Information structures within any organization have to be aligned and consistent in order to fulfil these rules. Alignment can be faster achieved by using a common information reference for the whole organization. In order to create it, industrial standards represents a good basis. However, many challenges come along.

Questions:

• What is the balance between the straight use of the standard and adapting it to the specific organization?
• How to handle the old information structures and what is a good pace for transformation?
• Should the industrial model be applied to any single IT-system at the organization?

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