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SOA & WOA: Article

Progress Software Prepares Enterprises for Event-Driven SOA Business

Streamlining information provisioning and visibility

Progress Software is advising enterprises on how to keep up with the increasing velocity of business without getting left behind.

According to Hub Vandervoort, CTO of SOA Infrastructure Products, Progress Software, "An event-driven SOA infrastructure - from the enterprise service bus (ESB) and real-time data services to complex event processing (CEP) - can be used to streamline information provisioning and visibility at a fast enough pace to keep enterprises ahead of the acceleration of business transactions."

For example, the standard for trade to settlement time in the financial services sector has changed from T+3 (i.e. trade date plus three days) to T+0 (i.e. trade date plus zero days) in just a few years. This acceleration is repeating itself in almost every industry as business transactions are increasingly conducted in real-time.

Progress Software recognizes that this trend is as much an IT issue as a business compliance issue. Business leaders and compliance officers must all understand the relationship between the velocity of their business, commitment to customers, and the speed of their information provisioning and business visibility. Currently, this relationship is not well understood and often overlooked by both business and IT leadership.

As a result, Progress Software offers the following advice for enterprises impacted by the velocity of business:

  • An SOA is the foundation for a successful event-driven business pipeline.
  • Adopting an SOA infrastructure will enable your business to become more agile, and will support the asynchronous, distributed and federated requirements, while eliminating boundaries between business functions.
  • An SOA also permits introduction of real-time modifications with less disruption to the pipeline.

More Stories By SOA News Desk

SOA World Magazine News Desk trawls the world of distributed computing and SOA-related developments for the latest word on technologies, standards, products, and services and brings key information to you in a timely and convenient summary form.

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