Solution Architecture Report - IRDA

Solution Architecture Document - IRDA Business Analytics Project1. Executive Summary1.1 IntroductionPost AS IS study, Requirement gathering activity across all the eight departments under consideration ofthis project was started. Based on the requirements study and keeping in mind the differentfunctionalities to be expected out of the solution, the next stage was to propose and design a technicalplatform which would support all such functionalities. The purpose of this document is to provide thedesign the architecture of the envisaged business analytics solution based on the functionalrequirements.1.2 Solution ArchitecturePresently various external entities including Insurers are submitting data to IRDA in hardcopy documentsor in softcopies sent over email or through the memory disk. There is no central storage of data andreporting system in place so as to generate relevant information out of the raw data in form of reportsor analysis. To eliminate the cumbersome and complex manual processes involved in generatinginformation from the raw data, the envisaged solution needs to be designed in such a manner all thedifferent manual processes will be automated and correct information will be available to the businessusers at right point and with respect to the appropriate context.The overarching objective of the Business Analytics solution is to provide necessary data andinformation for analyzing the insurance companies and regulatory decision making.For designing the solution architecture, the system requirements have been considered as one of thekey input. Based on both functional and system requirements different views of the solution has beenrepresented to describe the entire solution in details.The architecture section includes following components:Business Analytics Solution Architectureo Reference Architecture - Gives an overview of the entire solution containing the keycomponents of the solution.o Functional View - Elaborates various functional components of the envisaged solution. Thefunctional components have been identified based on the functional requirements specified bythe business users across departments and across levels during the requirement gatheringactivities.o Overall envisaged technology platform of IRDA system will comprise of a set of applications andservices. A number of services will be hosted for internal consumption; typically to manage thebusiness processes and functions of IRDA as an organization and some external services throughcontent, data and application level integration will also be rendered through this platform to theinsurer, IRDA customers, employees and management team.o The functional view comprises of the following services / applications:Business Analytics Project Page 14