Thursday, July 24, 2008

Visualizing Web Services: WaveMaker and Xignite

Seth Godin, the marketing guru, defines a mashup as a distinct way of spreading ideas. In particular, Web 2.0 mashups allow developers to combine interesting data and then visualize that data through a web application. In practice, a mashup requires a data source and a web visualization platform.

WaveMaker and Xignite announced their own bit of mashup magic today.

Xignite provides financial data as a web service. Real-time financial data that would otherwise cost a minimum of $50K to access through Reuters or Bloomberg is available at a fraction of that cost through Xignite. These services can include foreign exchange pricing, commodities pricing and real time stock quotes.

The problem is that it takes a web application platform to call the Xignite web service, marshall the resulting data and display it in a web page. That's where WaveMaker comes in. With Wavemaker, a web developer can create a ticker widget that calls Xignite services in less than 5 minutes.

Click here to see the Exignite/WaveMaker ticker example. Click here for more Web 2.0 definitions.

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