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7 Steps to Achieving Business Agility with SOAAshish MohindrooSr. Product DirectorOracle Fusion MiddlewareGrowth: Top on Mind of CEOsSource: Economist Intelligence Unit Survey – CEO Briefing – Corporate Priorities for 2023 and beyondBusiness Agility: New Competitive EdgeSource: Economist Intelligence Unit Survey? 54% of executives said new business models will be greater source of petitive advantage than new product and services between now and 2023New Business ModelCostTime“Strategy to Execution” GapIT ImplementationCustomers /Employees / PartnersExisting IT Systems: Anchors to Change? Islands of information? Fragmented data? Inflexible architecture? Business process change takes years? ~92% of IT budget spent on maintenance and integration and not innovationExploiting Network TechnologyWorldwideWebNetworkedInformationServiceOriented ArchitectureNetworkedApplicationsERPCRMCustomSCMSOA: Business Agility Driven by a Responsive IT InfrastructureExisting IT SystemsOracle ApplicationsEBusiness Suite PeopleSoft Siebel iFlex SAPLegacyEnterprise Service Bus RegistryBusinessProcessOrchestrationBusinessActivityMonitoringBusinessIntelligenceSecurity ManagementDevelopment FrameworkUnified PortalOracle Fusion MiddlewareComposite Applications“ With Oracle Fusion Middleware you can narrow the strategy to execution gap” BearingPointService: Common Language between Business and ITPeoplesoft HRMSSiebel CRMOracle FinancialsSer