Faster Than a Speeding Bullet - Progress Software Prepares Enterprises for Event-Driven Business
BEDFORD, Mass. (BUSINESS WIRE)
08-Sep-2008
Progress Software Corporation (NASDAQ: PRGS), a global supplier of application infrastructure software used to develop, deploy, integrate and manage business applications, is advising enterprises on how to keep up with the increasing velocity of business without getting left behind.
According to Hub Vandervoort, CTO of SOA Infrastructure Products, Progress Software, "An event-driven SOA infrastructure--from the enterprise service bus (ESB) and real-time data services to complex event processing (CEP)--can be used to streamline information provisioning and visibility at a fast enough pace to keep enterprises ahead of the acceleration of business transactions."
For example, the standard for trade to settlement time in the financial services sector has changed from T+3 (i.e. trade date plus three days) to T+0 (i.e. trade date plus zero days) in just a few years. This acceleration is repeating itself in almost every industry as business transactions are increasingly conducted in real-time.
Progress Software recognizes that this trend is as much an IT issue as a business compliance issue. Business leaders and compliance officers must all understand the relationship between the velocity of their business, commitment to customers, and the speed of their information provisioning and business visibility. Currently, this relationship is not well understood and often overlooked by both business and IT leadership.
As a result, Progress Software offers the following advice for enterprises impacted by the velocity of business:
- An SOA is the foundation for a successful event-driven business pipeline.
- Adopting an SOA infrastructure will enable your business to become more agile, and will support the asynchronous, distributed and federated requirements, while eliminating boundaries between business functions.
- An SOA also permits introduction of real-time modifications with less disruption to the pipeline itself.
"Any business can be metaphorically viewed as an event-driven pipeline," explains Vandervoort. "The goal is to avoid clogging the work flow of the pipeline while improving the availability, timeliness and overall quality of the product output, or in this case IT information. Errors arise when information is not readily available and IT workers need to manually process the information, resulting in a disruption of the velocity of events in the pipeline."
A Webinar entitled, "Faster Than a Speeding Bullet - Are You Ready for Event-Driven Business" is also available at http://www.progress.com/index.ssp.
About Progress Software Corporation
Progress Software Corporation (NASDAQ: PRGS) provides application infrastructure software for the development, deployment, integration and management of business applications. Our goal is to maximize the benefits of information technology while minimizing its complexity and total cost of ownership. Progress can be reached at www.progress.com or +1-781-280-4000.
CONTACT: Progress Software
Lisa Coulouris, +1 781-280-4995
lcoulour@progress.com
or
LEWIS PR
Rich Young, +1 617-226-8842
progresssoftware@lewispr.com
SOURCE: Progress Software
