For Enterprise Architecture Professionals (Length: 14 pages)

March 13, 2008

Semantic Business Services Specifications Support Business Agility

This is the first document in the "Business Services Ecosystems For Banking — Revisited" series.

by Jost Hoppermann

with Gene Leganza, Randy Heffner, Kahini Ranade


Executive Summary (This is a document excerpt)

Business services ecosystems provide semantic specifications — and eventually standardization — of business services interfaces. In addition, some ecosystems include supplementary benefits, such as guidance for effectively implementing a service-oriented architecture. By looking specifically at the banking industry's use of business services ecosystems, this report examines the drivers and benefits of ongoing activities to identify what enterprise architects need to do today to leverage business services ecosystems to support business agility.

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TABLE OF CONTENTS

NOTES & RESOURCES

itemStandardized Service Semantics Will Become Crucial For Agility

itemThe Business Demands More Agility . . .

item. . . And Standardized Semantics Can Help Next-Generation Architecture Deliver

itemBusiness Services Ecosystems Drive Industry-Specific Semantic Specifications

itemBusiness Services Ecosystems Represent Only One Aspect Of Service Specifications

itemIFX Forum Is A Prime Example Of A Business Services Ecosystem

itemBusiness Services Ecosystems Deliverables Show Potential For Evolving Semantic Specs

itemBusiness Services Ecosystems Can Be Bottom-Up, Top-Down — Or A Hybrid Of Both

recommendations

itemDon't Wait And See; Observe And Participate

itemSupplemental Material

Forrester interviewed nine vendor companies, including Accenture, BEA Systems, Fidelity National Information Services, IBM, Microsoft, Oracle, SAP, Sun Microsystems, and Tata Consultancy Services.

Related Research Documents

itemThe Forrester Wave™: Core Banking Suites, Q1 2007

January 19, 2007

itemBusiness Services Ecosystems In Banking

September 11, 2006

itemThe Next-Generation Banking Platform

May 31, 2006

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Analyst: Jost Hoppermann
Technology: Application Development, Enterprise Architecture, Enterprise Architecture Domains, SOA & Web Services
Industry: Financial Services, Retail Banking
Geography: Asia Pacific, Europe, North America