The Federal Deposit Insurance Corporation (FDIC) recently received a 2004 Enterprise Architecture Excellence Award from the Zachman Institute for Framework Advancement (ZIFA) for its initiative to manage corporate data collaboratively. John Zachman, an expert on enterprise architecture, founded ZIFA, a network of information professionals supporting enterprise architecture's role in helping organizations operate from a corporate perspective.
The award was conferred in recognition of the achievements of the Corporate Data Sharing Program, an initiative to identify, define and manage data as a corporate resource. The Corporate Data Sharing Program was instrumental in creating the FDIC's enterprise data architecture, the framework for maintaining data on a corporate-wide basis.
"We are very honored to receive this recognition, which belongs entirely to the more than 200 FDIC employees who steadfastly pursued a vision of managing data as a valuable corporate asset," said FDIC Chief Information Officer Michael Bartell. "Thanks to their commitment and dedication, the FDIC has now developed an enterprise data architecture that will serve the FDIC well now and into the future."
The Corporate Data Sharing Program also helped the FDIC design a target data architecture structure to make the FDIC's technology more streamlined. "With the data architecture structure we have created a new model for how we will store, access and manage our enterprise data," Bartell said.
Other recipients of the 2004 Enterprise Architecture Excellence AwardTM are: Volkswagen, Mobility Air Forces and the University of California at Irvine.
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Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 9,025 banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars - insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet via the World Wide Web at www.fdic.gov and may also be obtained through the FDIC's Public Information Center (877-275-3342 or (703) 562-2200).