Ross Perot

Miller Center


New America




Abdul Kalam



Financial Information on Real Time
Financial Information on Real Time
CEO and Decision Makers need Information
on Real Time to make the Right Decision.


Have you been to a Nuclear Power Plant?

There is No Boom; No Recession; No Depression.

You can not afford to make any mistakes.

You can not experiment with it in the real environment.

Your decision is so important.

The Result out of your Decision will be either Life or Death.

So, the decision is so critical.

Right Decision will save Life;
Wrong Decision will be Death.

You can not make decisions based on
Monthly, Quarterly or Yearly Reports.

Those Reports provide you Past Information.

They do not provide you Current, Present Information.

Those Past Reports are of no use to You, to make any Decisions.

That is the root cause for all the current crisis
and failure of the Financial Sectors.

So, don't blame the CEO; Fix the system.

The Financial System is not Agile.

You need SOA.

You need to build the Financial System on
Service Oriented Architecture.

When you build that kind of system,
then you will get Financial Information on Real Time.

Just like the one in Nuclear Power Plants.

In that situation, Federal Reserve
can reduce or increase the Interest Rates.

They don't need to wait for a year or two
to see the results of that decision.

They should be viewing the changes in a week or two.

That is the kind of system you need it.

In fact, Federal Reserve can simulate on the test environment,
before make the announcements about interest rate change.

All the Financial Sectors can provide a safe and secure
Web Services based on any standard formats like EDI or Rosettanet.

That will help to automate the Financial Business Process.

Automation of Business Process will provide you Real Time Information.

Real Time Information will help you to monitor
the health of the Financial Sectors.

It will help you to make the corrective action to fix any defects
immediately, before it became a crisis.

Currently we have all the technology available.

XML, Secure WebServices, BPEL, Rules Engine, Business Activity
Monitoring, Alerts, Notifications, Human Work Flow, etc.

That is the Invisible Growth during Bush's eight years period.

Tremendous Technology growth in Bush's period.

All the technology growth would yield its economic growth
in the next administration.

Google, YouTube, iPhone, Android - so much technology.

It may take ten or fifteen years to see
the outcome of Bush's decisions.

At that point of time, Bush's approval rating
may reach close to 95%

So for SOA, all the technology and skill sets are available
to build Agile Financial System to meet the Global Demands.

And most of the Enterprises have already implemented SOA.

For instance, a business transaction used to take a week time.
Now, after SOA implementation, that business transaction
takes less than one hour and you can monitor it on real time too.

So, Go for SOA.



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