Critical success factors for event driven service oriented architecture

Abstract

Over the past few years, the IT community has recognized the benefits of Service-Oriented Architectures, wholeheartedly embracing the move away from monolithic applications to applications built from systems of loosely coupled services. Apart from that, a new class of event-driven applications is emerging to address business challenges in fraud prevention, risk management, compliance verification, customer service, customer acquisition, cross-sell and more. These applications involve processes that are typically unpredictably non-linear, dynamic, and continuously influenced by outside events. This requires businesses to become more flexible and responsive to the changing needs. SOA a proven principle for driving business agility, when combined with event processing and event responding capabilities can work wonders. It can make business more agile, more responsive to market needs and achieve greater heights. This paper with the help of a case study, proposes the critical success factors for implementation of EDSOA.