Web Services is a technology that bridges the old and new paradigms, transforming long-established applications written in COBOL or Pascal into viable web services. This technology obviates the need
to re-write legacy applications, ensures continued access to historic data repositories, and reduces costs by enabling new services to quickly be put into production. In addition, development in new
languages such as XML, Java, and J2EE tends to be quicker than the previous generation and is capable of generating new views of the data for improved analysis and reporting.
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