A Blast from the Past: Processing Patterns for Predictive Business, March 2006
For readers interested in complex event processing and a few of the challenges the industry faces, here is a presentation from 28 months back called Processing Patterns for Predictive Business. This presentation was delivered at the first Workshop on Event Processing - Presentations at IBM Research Labs, Yorktown Heights, March 14-16th 2006.
The same key points of that presentation are still relevant today:
1. Event-Decision Processing is Computationally Intensive
2. CEP requires a Number of Technologies:
- Distributed Computing, Publish/Subscribe and SOA
- Hierarchical, Cooperative Inference Processing
- High Speed, Real Time Processing with State Management
- Event-Decision Architecture for Complex Situations and Events
- There is no single “CEP Solution” or “CEP Product” (in the market place then, and today)
3. CEP needs a Common Vocabulary and Functional Architecture based on Mature, Industry-Standard Inference Models
4. Processing and Integration Patterns for CEP need to be Developed and Formalized
Since March of 2006 a number of other challenges has surfaced. I will elaborate on this challenges in a future post.
Filed under: Adapters, Advanced Event Processing, Agents, Analytics, Business Activity Monitoring, Business Event Processing, Business Events, Business Optimization, Business Process Management, CEP News and Events, CEP Terminology, CEP Tutorials, Complex Event Processing, Cyber-Trading Technologies, Cybersecurity, Detection Theory, EAI ESB & SOA, EDA, EPRAWG, EPTS, Event Processing, Event Processing Language, Event Processing Modelling, Event Processing Technical Society, Event Stream Processing, Event-Driven Architecture, False Positives and Negatives, Financial Services, Fraud Detection, Intrusion Detection, Key Indicators, Message-Oriented Middleware, Modelling and Simulation, Predictive Business, Process Optimization, Requirements, Risk Management, Scheduling, Security Event Management, Sensor Fusion, Systems Engineering, TIBCO, Threats and Vulnerabilities, Use Cases, Visualization
