complex event processing

Complex event processing (CEP) is the use of technology to predict high-level events likely to result from specific sets of low-level factors. CEP identifies and analyzes cause-and-effect relationships among events in real time, allowing personnel to proactively take effective actions in response to specific scenarios. CEP is an evolving paradigm originally conceived in the 1990s by Dr. David Luckham at Stanford University.

CEP is used in security policy development, business process management (BPM), risk management, customer relationship management (CRM), application servers and middleware.

One important aspect of CEP is business activity monitoring (BAM), the use of technology to proactively define and analyze the most critical opportunities and risks in an enterprise. CEP is especially effective in situations involving numerous factors that interact in variable ways, such as the investment and lending environments for financial institutions. CEP can also be used in threat management for communications networks.

Read more about complex event processing: - The official CEP Web site provides links to CEP-related white papers and vendor information. - David Cameron outlines the basic principles and functions of CEP. - This SearchCRM.com article explains how 'BAM, CEP providing insight into data at financial firms.' - International Business Machines (IBM) describes its version of CEP.

Do you have something to add to this definition? Let us know. Send your comments to techterms@whatis.com

Digg This!     StumbleUpon     Del.icio.us

RELATED CONTENT IBM's newest SOA framework tackles CRM IBM's latest SOA framework looks a whole lot like a CRM module. IBM exec Karen Parrish explains how this approach differs from a traditional packaged... Transportation giant in SOA for the long haul SOA evolved from a 1990s integration project to today's commitment to reuse that is paying dividends in reduced development time at Con-way Inc., a... CEP definition in works Confusion surrounding what constitutes event processing, a key element in service-oriented architecture (SOA) applications that handle transactions,...

RELATED GLOSSARY TERMS Terms from Whatis.com − the technology online dictionary business event management  (SearchSOA.com) Business event management is the practice of incorporating business logic into labeling events, communicating events and handling events...... event  (SearchSOA.com) An event, in a computing context, is any identifiable occurrence that has significance for system hardware or software... (continued)