Service Oriented Architecture: SOA Systems Strategy & IT Organization Structure
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Financial enterprises today are faced with basic questions regarding a service-oriented architecture:
- How does the paradigm of a service-oriented architecture apply to banking and its IT environment?
- Why are many financial institutions investing in Web services?
- How are they leveraging legacy applications within an SOA framework?
The service-oriented approach provides for more efficient and effective IT solutions in light of varying and sometimes conflicting business requirements, as well as the evolving industrialization of the financial value chain. Fragmented, hard-wired application infrastructures are limited in their flexibility and do not address the needs of a volatile financial industry environment cost effectively. The service-oriented approach provides the modular framework to systematically integrate, evolve and manage solutions with varying characteristics.
According to CIO Magazine, with a potential return on investment of 200 percent, the SOA approach can better connect your technology to your business needs.