Message from CIO
The FDIC is emerging from a
period of intense focus on dealing with the effects of the financial crisis.
While the crisis placed enormous stress on the Corporation and its staff, it was generally very clear what needed to be done – identify and monitor troubled
banks, close failed banks, and manage receiverships to the benefit of depositors
and the insurance fund. During the crisis, the FDIC expanded our information
technology (IT) infrastructure and its operational resources to support the
FDIC’s workforce expansion and increased bank resolution activity. We
continue to make adjustments to IT infrastructure and operational resources to
accommodate organizational changes, resolution activity, and new regulatory
As we emerge from the crisis,
the FDIC needed to take a fresh look at our information technology strategy. We
have transformed our information technology strategy into a business technology
strategy, emphasizing what strategic imperatives are needed to provide business
value to the FDIC and to address any gaps in either business or
information technology capabilities.
We will carry
on with our application modernization efforts to address technology
obsolescence. We have made good progress over the past three years in addressing
the highest risk applications. We plan on having the bulk of the applications
completed over the next five years, following established roadmaps developed in
conjunction with business stakeholders.
imperatives reflect industry and government trends to address “big data”, an
increasingly mobile workforce and public, and electronic document management.
Over the next five years, FDIC will develop improved capabilities for
advanced analytics and the visual representation of information. We will also
move to a “mobile first” approach, creating information once to publish
anywhere. Paper will be substantially reduced as we adopt a methodology of “born
digital, stays digital.”
This plan is
a living document and we will periodically report on progress against the plan
and update the plan as needed.
I am pleased to present the
FDIC Business Technology Strategic Plan, 2013 – 2017. I look forward to working
with all FDIC stakeholders to successfully carry out this plan in support of the
execution of the FDIC’s mission. Russell G. Pittman Chief Information Officer
and Director, Division of Information Technology.
Russell G. Pittman
Officer and Director, Division of Information Technology