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Here are some of the benefits of an Enterprise Architecture tool (and repository) - that immediately come to mind:
- Supports reuse of design artifacts - and RAPID dependency & impact analysis - thus helping accelerate speed-of-delivery, and supports risks analysis - which in turns help with planning risk mitigation strategies (e.g., security, operations, performance, duplication of functionality, waste/costs, ...)
- Supports Application Lifecycle Management (ALM) and Application Portfolio Management (APM) - and application rationalization efforts
- Supports alignment with Policies, Standards, Processes, Procedures - and documenting conformance with regulatory requirements (i.e. Title 12 OCC regulations; Title 31 for Banking and Insurance regulations; Privacy regulations - such as GDPR, CCPA, ..., and the potential future American Data Privacy and Protection Act (ADPPA); Payment Card Industry Data Security Standards; etc.) - and mapping of Controls.
- Supports IT Governance mechanisms (e.g., for ARC, TRC/TRM, Security, Infrastructure)
- Acts as an IT knowledge repository - so the organization is not at risk of "tribal knowledge" walking out the door.
- Supports Agile processes - by serving as a shared repository of AS-IS, TO-BE, Roadmaps, and reusable artifacts - and helping improve analysis for development of Epics, Stories, and Tasks.