|By Dave Chappell||
|April 17, 2009 01:45 PM EDT||
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.
|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.
Developers want to create better apps faster. Static clouds are giving way to scalable systems, with dynamic resource allocation and application monitoring. You won't hear that chant from users on any picket line, but helping developers to create better apps faster is the mission of Lee Atchison, principal cloud architect and advocate at New Relic Inc., based in San Francisco. His singular job is to understand and drive the industry in the areas of cloud architecture, microservices, scalability ...
Apr. 23, 2017 01:00 PM EDT Reads: 3,149
Back in February of 2017, Andrew Clay Schafer of Pivotal tweeted the following: “seriously tho, the whole software industry is stuck on deployment when we desperately need architecture and telemetry.” Intrigue in a 140 characters. For me, I hear Andrew saying, “we’re jumping to step 5 before we’ve successfully completed steps 1-4.”
Apr. 23, 2017 12:45 PM EDT Reads: 1,262
This recent research on cloud computing from the Register delves a little deeper than many of the "We're all adopting cloud!" surveys we've seen. They found that meaningful cloud adoption and the idea of the cloud-first enterprise are still not reality for many businesses. The Register's stats also show a more gradual cloud deployment trend over the past five years, not any sort of explosion. One important takeaway is that coherence across internal and external clouds is essential for IT right n...
Apr. 23, 2017 10:00 AM EDT Reads: 1,299
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
Apr. 23, 2017 04:45 AM EDT Reads: 2,981
To more closely examine the variety of ways in which IT departments around the world are integrating cloud services, and the effect hybrid IT has had on their organizations and IT job roles, SolarWinds recently released the SolarWinds IT Trends Report 2017: Portrait of a Hybrid Organization. This annual study consists of survey-based research that explores significant trends, developments, and movements related to and directly affecting IT and IT professionals.
Apr. 23, 2017 04:00 AM EDT Reads: 1,128
Is your application too difficult to manage? Do changes take dozens of developers hundreds of hours to execute, and frequently result in downtime across all your site’s functions? It sounds like you have a monolith! A monolith is one of the three main software architectures that define most applications. Whether you’ve intentionally set out to create a monolith or not, it’s worth at least weighing the pros and cons of the different architectural approaches and deciding which one makes the most s...
Apr. 22, 2017 09:30 PM EDT Reads: 2,464
Software as a service (SaaS), one of the earliest and most successful cloud services, has reached mainstream status. According to Cisco, by 2019 more than four-fifths (83 percent) of all data center traffic will be based in the cloud, up from 65 percent today. The majority of this traffic will be applications. Businesses of all sizes are adopting a variety of SaaS-based services – everything from collaboration tools to mission-critical commerce-oriented applications. The rise in SaaS usage has m...
Apr. 22, 2017 06:15 PM EDT Reads: 4,621
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Apr. 22, 2017 05:30 PM EDT Reads: 2,239
The proper isolation of resources is essential for multi-tenant environments. The traditional approach to isolate resources is, however, rather heavyweight. In his session at 18th Cloud Expo, Igor Drobiazko, co-founder of elastic.io, drew upon his own experience with operating a Docker container-based infrastructure on a large scale and present a lightweight solution for resource isolation using microservices. He also discussed the implementation of microservices in data and application integrat...
Apr. 22, 2017 05:45 AM EDT Reads: 5,900
We'd all like to fulfill that "find a job you love and you'll never work a day in your life" cliché. But in reality, every job (even if it's our dream job) comes with its downsides. For you, the constant fight against shadow IT might get on your last nerves. For your developer coworkers, infrastructure management is the roadblock that stands in the way of focusing on coding. As you watch more and more applications and processes move to the cloud, technology is coming to developers' rescue-most r...
Apr. 22, 2017 04:00 AM EDT Reads: 3,932
2016 has been an amazing year for Docker and the container industry. We had 3 major releases of Docker engine this year , and tremendous increase in usage. The community has been following along and contributing amazing Docker resources to help you learn and get hands-on experience. Here’s some of the top read and viewed content for the year. Of course releases are always really popular, particularly when they fit requests we had from the community.
Apr. 22, 2017 03:45 AM EDT Reads: 3,419
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...
Apr. 22, 2017 12:00 AM EDT Reads: 8,617
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Apr. 21, 2017 11:45 PM EDT Reads: 6,814
In large enterprises, environment provisioning and server provisioning account for a significant portion of the operations team's time. This often leaves users frustrated while they wait for these services. For instance, server provisioning can take several days and sometimes even weeks. At the same time, digital transformation means the need for server and environment provisioning is constantly growing. Organizations are adopting agile methodologies and software teams are increasing the speed ...
Apr. 21, 2017 07:45 PM EDT Reads: 3,104
Even for the most seasoned IT pros, the cloud is complicated. It can be difficult just to wrap your head around the many terms and acronyms that make up the cloud dictionary-not to mention actually mastering the technology. Unfortunately, complicated cloud terms are often combined to the point that their meanings are lost in a sea of conflicting opinions. Two terms that are used interchangeably (but shouldn't be) are hybrid cloud and multicloud. If you want to be the cloud expert your company ne...
Apr. 21, 2017 04:15 PM EDT Reads: 2,156
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Apr. 21, 2017 02:45 AM EDT Reads: 5,641
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, will discuss how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He will discuss how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
Apr. 19, 2017 06:00 AM EDT Reads: 4,218
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Apr. 18, 2017 03:30 PM EDT Reads: 4,268
The human body is the most complex machine ever created! With a complex network of interconnected organs, millions of cells and the most advanced processor, human body is the most automated system in this planet. In this article, we will draw comparisons between working of a human body to that of a datacenter. We will learn how self-defense and self-healing capabilities of our human body is similar to firewalls and intelligent monitoring capabilities in our datacenters. We will draw parallels b...
Apr. 16, 2017 01:00 PM EDT Reads: 2,691
Cloud adoption is often driven by a desire to increase efficiency, boost agility and save money. All too often, however, the reality involves unpredictable cost spikes and lack of oversight due to resource limitations. In his session at 20th Cloud Expo, Joe Kinsella, CTO and Founder of CloudHealth Technologies, will tackle the question: “How do you build a fully optimized cloud?” He will examine: Why TCO is critical to achieving cloud success – and why attendees should be thinking holisticall...
Apr. 16, 2017 10:00 AM EDT Reads: 2,796