A Higher Level of Integration

This chapter discusses the concept of a multi‐dimensional view of information processing components and its importance for resource allocation and in identifying opportunities for relaxing constraints and improving overall efficiency. The multiple dimensions can include systems, processes, models, organizational units, product lines, compliance functions, or other important sub‐functions of the institution. It discusses simplifying this complex task by identifying key information cycles, so that the components listed above may be associated with one or more of these cycles. It considers the important step of developing an integrated view of the physical components of the information processing complex including data, data systems, platforms, models, and reporting applications. Combining this with process inventories, and the components listed above is complex and requires heavy maintenance for ongoing use. This suggests the need for an object‐oriented approach, for which several commercial products are now available.