More NewsSurvey Says UK Financial Services Still Need SOA Education

Survey Says UK Financial Services Still Need SOA Education

ILOG has announced the findings from research conducted by Vanson Bourne into UK and German financial services department heads’ attitudes to business-IT alignment within their organisations. The survey, which compared opinion in Europe’s primary financial capitals, found that despite recent widespread discussion of service oriented architecture (SOA) within the IT community, business users still need to be educated on how SOA can positively affect their day-to-day job. Eighty-nine per cent of department heads in UK financial services firms have never heard of the concept, compared to 68% of German financial services respondents surveyed. Of those surveyed in the UK who had heard of SOA, 63% were not aware of the benefits of adopting such an approach. In Germany, however, there was a clearer understanding of the potential benefits of an SOA strategy with only 5% of department heads who had heard of SOA unaware of the advantages it can bring to business. These findings were part of a broader survey into business IT alignment, which found that overall German financial services firms are racing ahead of their UK counterparts when it comes to aligning business objectives with IT. Fifty-one per cent of UK respondents have a dedicated plan for how IT should support the business objectives within their department, but that figure is compared to 77% in Germany. As a result, it is perhaps not surprising to find that 40% of UK representatives polled did not believe that the day-to-day operations between their department and IT were well-aligned compared with only 14% in Germany.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha