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Event Processing

How Important is Complex Event Processing to BPM?

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Please note that this is the first question in the new Event Pocessing ebizQ Forum. So anyone that would like to participate, please email me at peter(at)ebizq.net. Now, with Progress's acquisition of Savvion, and the fact that Progress already owned the event processing company Apama, how important has complex event processing become to BPM?

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  • If you look at it, all cost cutting measures finally leads to Performance Management as a bucket, which is a huge market right now and expanding. The reality is that users entering data and the bosses expecting performance metrics out of that is too simplistic an approach. In reality you need to monitor and source data from other systems to validate what is being entered is correct and figure it out as early as possible (near real-time). So CEP is critical and the recent research by IDC on the performance management space also indicates that trend. We also need to take Operational BI into account as that too is directly related to Performance Management!

  • At Progress Software, we believe that event processing will be a critical component of BPM moving forward, as companies develop the next generation of “responsiveâ€? applications. While there are certainly numerous examples of current BPM applications delivering value without the benefit of CEP, modern business is evolving. The rear view mirror approach to business is no longer sufficient, and organizations are realizing that the ability to sense and respond to events in real time is the best way to create and maintain business processes that generate value for the business.

    CEP and BPM are a match made in heaven. The combination allows businesses to get closer to what their customers are doing right now – not hours, days or weeks ago. It can detect problems and quickly fix them, enhancing customer service. At the same time, it enables companies to make proactive decisions around competitive strategies, including the ability to enable dynamic pricing.

    Event processing and BPM are fundamentally designed to complement each other, as both provide time-to-market and agility benefits, empower business users with graphical modeling, and provide engines that execute complex logic. As companies integrate these two technologies and see the benefits this tailor-made pairing brings, they will soon begin to wonder how they ever used one without the other.

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