Complex event processing is a computer program that monitors data to find patterns of events and recommend solutions. It’s used in business process management, telecommunications, finance, and transportation industries. Techniques include event pattern detection, abstraction, and relationship tracking. The computer identifies significant events and takes action through pre-programmed algorithms or reports/alerts. Companies using business process management are more likely to use complex event processing to improve processes.
Complex event processing is a way to recognize and respond to situations as they arise within an organization. It is most often used in the context of business process management. Complex event processing is usually done by a computer program that monitors information entering and leaving the organization in order to find patterns of events. Then it automatically recommends or implements a solution based on existing algorithms and data. Complex event processing is often used in the telecommunications, finance, and transportation industries.
Whenever new data is entered into the system this is known as an event. New data can take many forms. It can be anything from a personnel record to a sales figure to a purchase order. The computer analyzes these events in a procedure known as processing. Clusters of related events can be used to infer a complex event, hence the name complex event processing.
Several techniques can be used to process events. Event pattern detection looks for a repeating event or a series of events. Abstraction uses an event to derive a useful generality from it. Relationship tracking recognizes that a specific event or series of events always occurs in correlation with another event or series of events. Other techniques used in complex event processing include modeling event hierarchies and abstracting event-based processes.
Event analysis would be useless if it didn’t lead to problem solving or other changes within the organization. Once an event has been analyzed, the computer identifies the most significant events and takes action to respond to them. These actions can be pre-programmed algorithms, known as computationally oriented solutions, such as automatically ordering more ink whenever a printer runs out. The action can also be a report or alert to let the operator or manager know what the situation is and what action the system recommends. This is known as a tracking-oriented solution.
Companies that practice business process management are more likely to use complex event processing. Business process management is a management method that takes the wishes and needs of its customers as a guideline for structuring and organizing the business. Companies using this management method are always working to improve processes to help achieve the company’s goals. Complex event processing is a useful tool for doing this, as it allows managers to recognize patterns that may be difficult or impossible to notice without the aid of dedicated technology.
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