Tim Bass
09-20-2008 10:59 PM
The following quote is from
Complex Event Processing - An Emerging Paradigm in Business Intelligence, Security and Monitoring and Control by Evo Eftimov,
iSec Consulting Ltd
“Complex Event Processing (CEP) is a technology which has been used for many years in the Aerospace and Defence Industry for Situational Awareness and Data Fusion modules in Command, Control, Communications, Computing and Intelligence Systems (aka C4I).
Currently CEP is being rediscovered as a foundation for new class of extremely effective Business Intelligence, Security and System/Network/SCADA Monitoring solutions in industries like Financial Services, Telecommunications, Oil and Gas, Manufacturing, Logistics etc. The increasing connectivity and processing power of the modern IT and Telecom technologies lead to increasing speed and volume of the dataflow available to the organisations. By using CEP solutions companies can gain competitive advantage by achieving real-time situational awareness and tapping the information value that is hidden within the streams of real-time event data that are coming from a variety of sources such as enterprise applications, financial transactions, sensor networks and supply chains.”
Unfortunately, the author does not cite references in the paper.
Source...
