Financial Technology

Financial Technology

August 08, 2013

Service Oriented Architecture - Market Trends and Industry Analysis

Service Oriented Architecture (SOA) forms the basis for the development and functioning of today’s transactional systems. With the transaction systems going real time triggered by the wide reach of Internet, SOA is the way forward for process integration of Internet enabled eCommerce. SOA concepts are expected to sweep the technology trends over the next decade by revolutionizing the business transactions on Internet irrespective of the devices, geographic locations, processes and people.

SOA is today’s answer to the emerging trend for support over mobile systems with content being adaptable for presentation on smartphones and tablets. With cloud technology and mobile computing gaining grounds, organizations must find innovative methods to deploy analytics and capture data from social media for developing content for making business decisions. SOA is trending towards decentralization of data centers for implementing business-user-friendly systems embedded with computing layers and storage capacity.

User empowerment is the order of the day, and SOA fosters this empowerment of business intelligence tools and analytics to allow organizations to launch diagnostic analytics. The deployment of SOA requires a wide set of technology frameworks working seamlessly towards integration at final touch point to effectively manage the highly complex IT systems.

In this space, IBM (News - Alert) emerges as a leader in the market with a set of tools and technologies to manage this complexity of modern day’s IT infrastructure. IBM has the ability to support cloud based architecture to widen the reach of organizations to hit the user end-points. This will enable organizations to take their marketing campaigns directly to the user’s smartphone or tablet thus bringing in decentralization of managing the data and also instilling user empowerment.

The ability of IBM to integrate cloud technology will enable IBM to eliminate complexity at the user’s end while also supporting deployment of efficient systems. TheAnotherfeature of IBM SOA is its ability to manage security and scalability. With Internet and real time computing becoming a virtual truth, the complex systems developed by IBM are designed to deliver security and scalability in the SOA space. The basic requirements for successfully implementing SOA on cloud technology are reusability of services, security control systems, proper governance procedures and well-planned pricing structure.


blog comments powered by Disqus

FREE eNewsletter

Financial Technology Industry News