Tim Bass
Thu, 31 Jan 2008 08:54:15 +0000
SL’s new web page,
Solutions for CEP Engine Users,*discusses how CEP is a*
“technology that is used to help companies detect both opportunities and threats in real-time with minimal coding and reusable key performance indicators (KPIs) and business models.”
I agree with SL, but would like to suggest*my friends at SL*expand*the notion of KPIs in CEP to include the idea of KIs.* In my opinion, the SL phrase should*read,**
“technology that is used to help companies detect both opportunities and threats in real-time with minimal coding and reusable key indicators (KIs) and business models.”**
The reason for my suggestion is that KPIs*are a subset of*KIs.** KIs designate, in my mind, more than just performance.**
CEP is used to both detect opportunities and threats in real-time which may, or may not*be, performance related.* For example, when a CEP engine detects evidence of fraudulent behavior, this is a KI.* The knowledge, or pattern, used to estimate this situation is a KI not a KPI, per se.** Also, when a CEP application*is processing market data and indicates that it is the right time to purchase an equity and enter the market,* the knowledge used in this decision support application is a KI, not a KPI.
Therefore, I recommend when*folks*think about the notion of* “key performance indicators” (KPIs) in CEP and BAM, they should also think in terms*of “key indicators”*(KIs).***Detecting opportunities and threats in real-time are much broader than the traditional notion of KPIs.*
Source...
01-31-2008
