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SOA Hike in Asia/Pacific
By CXOtoday Staff
Mumbai, Jun 06, 2007 1434 hrs IST
While business outcomes are crucial to sustain any project momentum, it is increasingly evident that Service Oriented Architecture (SOA) plays a vital role in aligning IT and a business function, reveals IDC.
According to IDC, SOA has been leveraged across a wide range of industries including banking, brokerage, insurance, and government sectors in Asia/Pacific. Institutionalization of SOA in financial services industries and public sector has reaped positive results.
A recent survey on the adoption of SOA in Asia/Pacific, conducted by IDC reveals that the 100 organizations that adopted SOA have mainly focused on reworking business processes and adopting a common set of internal processes, in order to optimize efficiencies.
The report says that in the brokerage and banking service industry, SOA has been found to be strategic to aid Straight-Through-Processing (STP) for trade order execution, and settlement and enabling the shift from transaction-based to exception-based processing. In the case of the insurance sector, SOA is the key provider of customer service through the simplification of business interfaces and effective service-level tracking, thereby facilitating tracking of key performance indicators.
IDC revealed that early adopters of SOA in the banking industries have mostly adopted middleware and application integration approaches, and opt for service integration, standardizing on an enterprise-messaging platform as a foundation for all new service developments. Most corporate board approvals for industry-specific SOA projects factor in cost justification; security and regulatory compliance needs, and detail the improvement of project execution and assessment.
According to the press release, in the government sector, SOA has been adopted in some countries such as Singapore and Australia, where the focus is currently on reduction of redundant e-government services, and simplifying the inter-operating service interfaces among the various public service departments. However, there is an increasing trend towards the end-to-end service management workflow that increases the depth and overall effectiveness of services through an integrated one-stop government service portal for mature economies.
SOA approach has been regarded favorably by Asia/Pacific organizations for increasing business process transparency, and as a change agent for reforming existing business processes and practices.
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