Welcome!

Microservices Expo Authors: Liz McMillan, Sematext Blog, Kalyan Ramanathan, Carmen Gonzalez, Pat Romanski

Related Topics: Microservices Expo, Recurring Revenue

Microservices Expo: Article

SOA and eXtreme Transaction Processing (XTP)

Financial institutions are pushing the envelope and require more processing capability

David Chappell's Blog

Across financial services firms we have been seeing a new set of business priorities. There are the "grow the business" priorities that are primarily centered around things like improving customer intimacy and increasing competitive differentiation.  here are also ongoing issues of compliance to regulation and risk mitigation while also keeping an eye towards improving cost efficiency. The thing that hasn't changed is that IT is viewed as the enabler to overcome these challenges. 

 

Financial institutions are pushing the envelope and require more processing capability, but without requiring exponential increase in hardware costs. The growth of extreme transaction processing (XTP) in areas such as fraud detection, risk computation, and stock trade resolution are pushing current solutions such as those based on the mainframe to the limit. These new applications require a new computing paradigm. 

 

We're seeing that SOA coupled with XTP (eXtreme Transaction Processing) is the future for financial services infrastructure as the means to achieve these goals that are often perceived as conflicting.  XTP pertains to a certain class of applications that need to handle large volumes of data that needs to be absorbed, correlated, and acted upon.  Typically the data that is processed by XTP applications comes in the form of large numbers of events, and represents data that changes frequently.  XTP style applications require that transactions and computations occur in memory and do not incur a heavy reliance on conventional back end systems due to the need for extremely fast response rates while still maintaining transactional integrity. 

 

XTP, btw, is a concept that Gartner's Massimo Pezzini has been writing and speaking about as well. In a Gartner research note Gartner Research ID # G00151768 he predicts that over the next 4 years the XTPP (eXtreme Transaction Processing Platform) technology category will evolve as the platform vendors work to embrace XTP and implement infrastructure to support it.  In a recent presentation that Massimo did on the subject, he also stated that there are vendors today that are already implementing important pieces of it. 

 

In addition, the Next Generation Grid Enabled SOA and Not Your MOM's Bus  (a.k.a SOA Grid) subjects that I have been writing about a great deal lately are conceptually something I would like to see lots of commercial vendors and open source projects embrace. These are variations on the XTPP theme.  But we don't have to wait 4 years for it. The SOA Grid is a new approach to thinking about SOA infrastructure, which provides state-aware, continuous availability for service infrastructure, application data, and processing logic. It's based on architecture that combines horizontally scalable, database-independent, middle-tier data caching with intelligent parallelization and an affinity of business logic with cache data. This enables newer, simpler, and more-efficient models for highly scalable SOA-based applications that take full advantage of event-driven architectures.

 

SOA Grid based XTP applications can be built today using what Oracle has already in shipping products. Oracle Coherence coupled with Oracle SOA Suite deliver the industry's first grid-enabled SOA platform for Extreme Transaction Processing.   

 

Typical use cases for using SOA Grid to build next generation applications are in the areas of fraud detection, trade resolution, and risk management calculations away from the mainframe to low cost commodity hardware.

When talking about this concept with folks I often get the question, or the observation, that Complex Event Processing (CEP) is positioned to solve some of the same thorny problems of tracking business exceptions such as what is required for fraud detection. Actually XTP is tied to CEP in that they are both about consuming and correlating large amounts of event data and doing something meaningful with it. However, often the amount of event data that needs to be captured and processed far exceeds the capacity for conventional storage mechanisms. In the words of some of our customers, sometimes "there just isn't a disk that can spin fast enough" for the volumes of data that needs to be processed. For these cases, the Oracle Coherence grid becomes the place where the large volumes of event data are collected, stored, examined for out of the ordinary events, etc. In the financial services area, ATM banking transactions that occur across different geographical areas within a short time window can be considered as out of the ordinary events, or business exceptions. Those business exceptions can be detected by rules that are coded into the application, or the CEP engine can be used more generically to identify patterns with temporal awareness and raise business exceptions appropriately.

 

The tie-ins to SOA are many, but the most obvious one is that once the exceptions are detected, there are actions to be taken. Typical actions to be taken are to send alerts to a BAM dashboard and to invoke a business process or human workflow, such as what can be defined and executed using the Oracle BPEL process manager.
  
 

More Stories By Dave Chappell

David Chappell is vice president and chief technologist for SOA at Oracle Corporation, and is driving the vision for Oracle’s SOA on App Grid initiative.

Comments (1) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.


Most Recent Comments
coffeey 04/23/09 07:18:00 AM EDT

IBM's WebSphere eXtreme Scale seems to address some of the new computing paradigm. There seems to be alot of competition coming to this space.

@MicroservicesExpo Stories
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Monitoring of Docker environments is challenging. Why? Because each container typically runs a single process, has its own environment, utilizes virtual networks, or has various methods of managing storage. Traditional monitoring solutions take metrics from each server and applications they run. These servers and applications running on them are typically very static, with very long uptimes. Docker deployments are different: a set of containers may run many applications, all sharing the resource...
Logs are continuous digital records of events generated by all components of your software stack – and they’re everywhere – your networks, servers, applications, containers and cloud infrastructure just to name a few. The data logs provide are like an X-ray for your IT infrastructure. Without logs, this lack of visibility creates operational challenges for managing modern applications that drive today’s digital businesses.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
"Dice has been around for the last 20 years. We have been helping tech professionals find new jobs and career opportunities," explained Manish Dixit, VP of Product and Engineering at Dice, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
As we enter the final week before the 19th International Cloud Expo | @ThingsExpo in Santa Clara, CA, it's time for me to reflect on six big topics that will be important during the show. Hybrid Cloud: This general-purpose term seems to provide a comfort zone for many enterprise IT managers. It sounds reassuring to be able to work with one of the major public-cloud providers like AWS or Microsoft Azure while still maintaining an on-site presence.
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...