southworth 100000HBX4 Tags:  industry software smarter financial cognos a planet for 1,684 Visits
Well, you might be saying - "All this talk about creating a smarter planet through software is great, but let's see some real world examples".
I'm glad you asked. We recently published two demos that demonstrate software in the financial industry.
The first example demonstrates IBM WebSphere ILOG Business Rule Management System (BRMS) JRules. With BRMS JRules, developers can easily build and deploy rule-based applications that automate fine-grained, variable decisions used by business systems, while reducing the time, effort and cost of application development and ongoing maintenance. The short of it is that you can build, manage and run rule-based applications for Java, mainframe and SOA. This is important in industries like the financial industry.
The second example uses Cognos Now!. This product delivers operational dashboards for real-time monitoring of key performance indicators (KPIs) and operational metrics from disparate data sources. The great thing is that these dashboards can be created by non-technical people, even a "manager".
The first demo describes IBM WebSphere ILOG Business Rule Management System (BRMS) capabilities and how they can be applied in the financial market front office. Using a fictitious company named Open Financials, the demo shows you how to use JRules to handle the routing of orders and routing of order exception processing.
IBM WebSphere ILOG Business Rule Management System applied in the financial industry DEMO
In the second demo see how Cognos® Now! can be used by financial markets firms in an algorithmic trading scenario. This scenario is part of a project called Botticelli, which is focused on positioning a suite of IBM middleware within the financial markets front office. The benefits to using Cognos Now! include the ability to rapidly deploy applications in a cost effective manner, with the easy to use, self-service user interface, and the flexible architecture.
It is cool when you can see industry examples of how software can improve your companies productivity and cost savings through software.
I worked with the Rational Focal Point team, to publish a demo discussing some of the major portfolio management challenges facing municipalities and demonstrating how Focal Point can meet those challenges, by utilizing many of the monitoring, prioritization, and decision making capabilities featured in the solution. Whether you manage a city, a company or an organization, you will need to prioritize projects and understand the return on investment each project will provide you, which can be extremely challenging, if you don't have the proper tools.
There are many other challenges and details to managing a portfolio of projects. Ideas for new investments or cost-cutting measures come from a variety of sources and most cities or companies don’t have a single repository where those ideas can be gathered and carried through a defined lifecycle. Without such a repository you run the risk of having great ideas fall through the cracks.
In lean times resources become limited. In these cases being alerted about budget overruns, scheduling delays, and resource bottlenecks as soon as possible is critical. Many cities or companies cannot generate the simple, real-time overviews that help managers quickly pinpoint trouble spots and address them in the earliest stages.
Presented here are a few of those challenges that the Focal Point solution has been designed to address—hopefully many of them look familiar to you.
Software is key to creating a smarter planet and here is a fine Industry example! Check out the demo!
This demo uses a government industry scenario to show some of the major portfolio management challenges facing municipalities. See how IBM® Rational® Focal Point can meet those challenges by utilizing many of the monitoring, prioritization, and decision making capabilities featured in the solution.
southworth 100000HBX4 Tags:  finanical cobol rules create ilog for soa websphere industry java 2,233 Visits
WebSphere ILOG rules for COBOL
Check out how IBM WebSphere ILOG JRules allows you to create a Business Object Model from a native COBOL data structure, how to then create rules in JRules’ Rule Studio, and how those rules are used to generate a COBOL Copybook. These same rules can also be deployed to Java and SOA-based business systems, providing the ability to re-use rules across the enterprise and to facilitate their maintenance as they evolve over time.
In this demo, you will see how to:
Create a New Rule Project
It's all part of creating a smarter planet through software!