Business Event Processing
Event processing is an emerging technology in business systems. It provides continuous, real-time insight into events that flow through business networks. Originally used in ultra high-volume stock trading scenarios, event processing has expanded into other aspects of business due to its ability to improve end-to-end visibility, situational awareness, and business agility.
Business event processing begins with the arrival of events containing business data such as a condition, a trend, or a change. Typically, the events are emitted in streams from live data sources, such as tweets from Twitter feeds. The streams are analyzed in real time to identify and extract events that are meaningful to your organization.
As business event processing technologies become more mainstream, they are being applied to more and more business cases. These include:
Business Case | Examples |
Financial | Credit card and debit card fraud detection, trading optimization. |
Logistics monitoring | Package tracking, fleet management, route optimization. |
Manufacturing | Defect detection, machine monitoring, operations optimization. |
Healthcare | Fraudulent claims detection, patient monitoring, safety operations. |
Government | Homeland security, system security, suspicious activity monitoring. |
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