Costs of data loss and theft can be in the millions, covering direct business losses, loss of intellectual property and business intelligence, audit and regulatory fines, compliance remediation costs and significantly — the loss of customer trust, reputation and brand equity.
I’m often asked, by both business and technology stakeholders, why they should spend money on enterprise architecture when their budgets are already too tight. A common reaction to budget cuts is to drop strategic work in favour of diverting funds to operational activities. Many fail to recognise that this is the time when a clear enterprise view of the organisation is vitally important. Although a large architecture program may not be appropriate, you may have to invest some money to avoid wasting significant money on poor decisions.
At EA we interview a lot of Architects in the course of placing talent and building teams for our enterprise clients. In fact according to our records that’s something approaching 8000 over the last ten years. Doing the math – this means around 15 per week – and that excludes the CVs received from those that we are unable to meet. That gives us a fair perspective on trending data on both the demands of clients and the capabilities and qualifications of applicants.