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Web Services : Changing The Business Landscape
In a nut shell, web services provide a standard infrastructure for interoperating between different software applications over the Internet. This means that different computers, running different software, can all interact seamlessly. Web services are changing businesses at every level of the organization. The business landscape has changed from the inside-out by forming ways of performing complex tasks across an organization's infrastructure.
Management
In organizations, such as General Electric, Pillsbury, and Oracle, web service implemenations have resulted in significant increases in valuable information being processed and presented in real-time to executives. While the results of the implementations are hard to track, it is safe to say that this has helped executives across many industries to make quicker and better decisions for their organizations.
Finance & Accounting
Accountants & financial advisers have begun to utilize web services that automatically calculate bond prices, yield to maturity, duration, modified duration, convexity, and others all in real time. This has allowed for drastic savings of time and resources, as calculations are done immediately with little or no adjusting necessary.
Operations
Operations may be reaping the largest benefits from web services. Links in the supply chain can all be seamlessly tied together to accurately paint a picture of an organization's supply chain. This can then be used to identifiy bottlenecks. Additionally, production lines that are geographically isolated can interact as though they were right next to one another providing increases in line efficency and waste reduction.
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