The proliferation of Web Services, the advancement of SOA, and the increasing adoption of SaaS is driving the industry to gravitate toward more of an integrated, best-of-breed approach. We’ve all heard the adage: “no one vendor does it all.” There used to be a number of concerning limitations with a multiple vendor best-of-breed approach, which were largely due to poor or lacking integrations. This often resulted in system users being forced to log into multiple systems and re-key data. However, a more holistic view of Web Services and its rapid advancement is changing this perspective. Moving forward, we’re going to see that the back-end orchestration of transparent business services will become of far greater importance than a single system that purportedly “does it all.”
The industry is slated to benefit from improved efficiencies via transparency of communication, integration and the fluid exchange of secure data from disparate system- to-system. SaaS is gaining more momentum by the month and SOA is truly starting to gain widespread adoption, moving us closer to the Holy Grail. Organizations will then be able to operate with all of today’s SaaS efficiencies, but what’s more important, is the seamless passing and sharing of data in a secure manner. Imagine ease of integration, communication and sensitive information flow across disparate business units, channels and entire companies. The industry’s downturn is helping/forcing us to move down this more efficient, cost effective path and the lenders are now expecting it.
