|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.
Wow, if you ever wanted to learn about Rugged DevOps (some call it DevSecOps), sit down for a spell with Shannon Lietz, Ian Allison and Scott Kennedy from Intuit. We discussed a number of important topics including internal war games, culture hacking, gamification of Rugged DevOps and starting as a small team. There are 100 gold nuggets in this conversation for novices and experts alike.
May. 3, 2016 06:15 AM EDT Reads: 826
The notion of customer journeys, of course, are central to the digital marketer’s playbook. Clearly, enterprises should focus their digital efforts on such journeys, as they represent customer interactions over time. But making customer journeys the centerpiece of the enterprise architecture, however, leaves more questions than answers. The challenge arises when EAs consider the context of the customer journey in the overall architecture as well as the architectural elements that make up each...
May. 3, 2016 03:30 AM EDT Reads: 1,999
Much of the discussion around cloud DevOps focuses on the speed with which companies need to get new code into production. This focus is important – because in an increasingly digital marketplace, new code enables new value propositions. New code is also often essential for maintaining competitive parity with market innovators. But new code doesn’t just have to deliver the functionality the business requires. It also has to behave well because the behavior of code in the cloud affects performan...
May. 3, 2016 03:00 AM EDT Reads: 1,430
In 2006, Martin Fowler posted his now famous essay on Continuous Integration. Looking back, what seemed revolutionary, radical or just plain crazy is now common, pedestrian and "just what you do." I love it. Back then, building and releasing software was a real pain. Integration was something you did at the end, after code complete, and we didn't know how long it would take. Some people may recall how we, as an industry, spent a massive amount of time integrating code from one team with another...
May. 3, 2016 12:45 AM EDT Reads: 1,022
As the software delivery industry continues to evolve and mature, the challenge of managing the growing list of the tools and processes becomes more daunting every day. Today, Application Lifecycle Management (ALM) platforms are proving most valuable by providing the governance, management and coordination for every stage of development, deployment and release. Recently, I spoke with Madison Moore at SD Times about the changing market and where ALM is headed.
May. 2, 2016 08:30 PM EDT Reads: 1,541
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
May. 2, 2016 08:30 PM EDT Reads: 2,152
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
May. 2, 2016 07:45 PM EDT Reads: 1,895
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 2, 2016 06:30 PM EDT Reads: 1,316
The goal of any tech business worth its salt is to provide the best product or service to its clients in the most efficient and cost-effective way possible. This is just as true in the development of software products as it is in other product design services. Microservices, an app architecture style that leans mostly on independent, self-contained programs, are quickly becoming the new norm, so to speak. With this change comes a declining reliance on older SOAs like COBRA, a push toward more s...
May. 2, 2016 06:00 PM EDT Reads: 1,534
From the conception of Docker containers to the unfolding microservices revolution we see today, here is a brief history of what I like to call 'containerology'. In 2013, we were solidly in the monolithic application era. I had noticed that a growing amount of effort was going into deploying and configuring applications. As applications had grown in complexity and interdependency over the years, the effort to install and configure them was becoming significant. But the road did not end with a ...
May. 2, 2016 12:30 PM EDT Reads: 271
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
May. 2, 2016 12:00 PM EDT Reads: 1,560
Digital means customer preferences and behavior are driving enterprise technology decisions to be sure, but let’s not forget our employees. After all, when we say customer, we mean customer writ large, including partners, supply chain participants, and yes, those salaried denizens whose daily labor forms the cornerstone of the enterprise. While your customers bask in the warm rays of your digital efforts, are your employees toiling away in the dark recesses of your enterprise, pecking data into...
May. 2, 2016 10:15 AM EDT Reads: 1,106
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media and publishing company that develops products to help senior professionals in the world's most ICT dependent organizations make risk-based infrastructure and capacity decisions.
May. 2, 2016 06:30 AM EDT Reads: 2,552
With DevOps becoming more well-known and established practice in nearly every industry that delivers software, it is important to continually reassess its efficacy. This week’s top 10 includes a discussion on how the quick uptake of DevOps adoption in the enterprise has posed some serious challenges. Additionally, organizations who have taken the DevOps plunge must find ways to find, hire and keep their DevOps talent in order to keep the machine running smoothly.
May. 2, 2016 06:15 AM EDT Reads: 1,468
Between the mockups and specs produced by analysts, and resulting applications built by developers, there exists a gulf where projects fail, costs spiral, and applications disappoint. Methodologies like Agile attempt to address this with intensified communication, with partial success but many limitations. In his session at 18th Cloud Expo, Charles Kendrick, CTO & Chief Architect at Isomorphic Software, will present a revolutionary model enabled by new technologies. Learn how business and devel...
May. 2, 2016 04:30 AM EDT Reads: 1,787
Call it DevOps or not, if you are concerned about releasing more code faster and at a higher quality, the resulting software delivery chain and process will look and smell like DevOps. But for existing development teams, no matter what the velocity objective is, getting from here to there is not something that can be done without a plan. Moving your release cadence from months to weeks is not just about learning Agile practices and getting some automation tools. It involves people, tooling and ...
May. 2, 2016 04:30 AM EDT Reads: 1,537
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
May. 1, 2016 01:30 PM EDT Reads: 1,618
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
May. 1, 2016 12:15 PM EDT Reads: 2,369
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
Apr. 30, 2016 02:30 PM EDT Reads: 1,778
I had the opportunity to catch up with Chris Corriere - DevOps Engineer at AutoTrader - to talk about his experiences in the realm of Rugged DevOps. We discussed automation, culture and collaboration, and which thought leaders he is following. Chris Corriere: Hey, I'm Chris Corriere. I'm a DevOps Engineer AutoTrader. Derek Weeks: Today we're going to talk about Rugged DevOps. It's a subject that's gaining a lot of traction in the community but not a lot of people are really familiar with wh...
Apr. 30, 2016 09:45 AM EDT Reads: 1,603