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The importance business activity monitoring

Sri Nagabhirava discusses how business activity monitoring has become an important tool in the current business context for timely decision making, event notification and monitoring.

How popular has business activity monitoring become? Is this a necessity or just another vendor-induced bell and whistle?
In many organizations key decisions are made based on critical data collected days or weeks prior; this includes data for inventory, sales, forecasting, budgeting, and so on. As the market becomes more competitive, having more timely data has increasingly become a competitive advantage. This fact led to the concept of real-time enterprise (RTE). The central theme of RTE is that an organization should be able to react quickly to market changes; to do so, decision makers must make decisions with access to timely data and in the proper business context. The RTE concept has served as the foundation for initiatives such as business activity monitoring (BAM) and Enterprise 2.0. Specifically, business activity monitoring has become the new age BI and is becoming an extremely important tool in the current business context for timely decision making, event notification and monitoring.
This was first published in June 2008

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