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April 2012, Iss. 1

Complex event processing boosts agility to create competitive advantage

Companies today hope to gain a competitive edge based on their ability to respond quickly to threats and opportunities. That edge can come from highly responsive, near-real-time systems based on complex event processing (CEP) techniques used for financial applications on Wall Street. Now these CEP techniques are being used more widely in enterprise applications on Main Street. CEP examples abound. Fraud analysts are alerted when the same credit-card number is used in several cities almost simultaneously. Power-line fault histories and locations can be quickly compared against real-time weather feeds to alert utility maintenance teams about likely trouble. A health care provider can rapidly check a type of test regimen against a patient’s insurance coverage. CEP is a way to greater corporate innovation. For many companies, the move to event processing means a shift in perspective on software architecture. Complex events have unique characteristics, and people involved in the field still argue about the definition of various terms...

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