SERVICE ORIENTED ARCHITECTURE
Business Process Management & SOA
In today’s competitive environment many companies are constantly merging, consolidating and striving to uncover new growth opportunities. Therefore the business leaders are recognizing the value that comes from working more closely with IT professionals and with the growing adoption rate of a service-oriented architecture (SOA) strategy, more and more organizations are realizing that the alignment of IT and business delivers tangible results and significant returns in terms of productivity, competitive advantage and cost savings. However, to seize these new opportunities and realize the benefits that can be derived from an SOA, companies need to streamline their business processes and eliminate the re-creation of the wheel that too often happens when an organization and its technology resources are locked into silos. So for today’s organizations as they aim to more effectively and efficiently compete in an ever-changing marketplace. This growing need has led to the rise of the business process management (BPM). BPM solution will take existing processes, streamline them to meet business goals and, ultimately, impact the bottom and top lines in a positive way. The value of BPM is further evidenced by the results that can be realized from business and IT working more closely together. One of the most significant benefits is the fact that BPM helps to put business process control in the hands of business managers. By providing decision-makers with up-to-date business information, BPM allows them to make better decisions immediately without relying on IT support. BPM is growing in popularity and is complementary to SOA due to its ability to help make business processes more efficient and effective while enabling an organization to more easily adapt to changing business requirements. BPM based on SOA is technology’s response to the growing demand for a flexible business environment that is not hindered by application silos. So when business processes are automated, streamlined and supported by a strong SOA governance framework, BPM can deliver on its promise of transforming IT processes to dynamically adapt to business needs. For these reasons, BPM is being widely embraced. In fact, analysts state that the BPM tools market will exceed by $3 billion in the near future and also according to Gartner Research, Service-oriented architecture (SOA) will be used in more than 50 percent of new mission-critical operational applications and business processes designed in 2007 and in more than 80 percent by 2010.