Strategic Investment Funds Digital Transformation: Service-Oriented-Architecture Approach

Abstract

The research projects studied the case of digital transformation within Strategic Investment Funds (SIF) using service orchestration approaches with Service-Oriented-Architecture technology, where the unique financial business model was considered from a systems engineering perspective. The literature review of the research project was conducted with past published material, where past experiences in digital transformation, academic research and technology recommendations were presented, where three main dimensions were identified as follows: 1- Business dimension 2- Technology dimension 3- Social dimension The social dimension was classified as soft systems to incorporate the existing soft systems methodology systems thinking tools. The research data collection was conducted using 1-2-1 online interviews with current strategic investment fund employees, digital transformation project managers, academic researchers and field experts and consultants. The data collection interview questions were split based on the experiences and specializations of the interviewees to account for all the perspectives in the financial ecosystem. The questions were split into: 1- Business operations 2- Technology expert 3- Management 4- Consultation and field experience The results were analyzed to extract empowering factors, as well as identify the current challenges of the field. Soft systems methodology and Seven Samurai models were developed to develop the integration level metrics, digital transformation roadmap and architecture recommendations. Finally, the extracted and analyzed information is summarized into several recommendations for SIF Digital Transformation Projects.