Is complex event processing (CEP) and event-driven architecture (EDA) affordable? Or is it a luxury for deep-pocketed corporations? That's a question we put forth in last week's interactive reader forum, and we garnered some interesting responses.
Tibco's Paul Vincent also weighed in on the question at Tibco's blog community site, observing that while implementing CEP and EDA are non-trivial activities, there is considerable value to be gained. The costs of implementing CEP/EDA solutions may be comparable to that of databases or SOA, he says. "The technology is getting pretty mature now - consider the ubiquity of messaging middleware - and CEP incorporates the 'best
practices' of IT from SOA and database worlds - e.g. declarative rules, model-driven, object-oriented, distibuted storage, event streams and patterns..."
The "affordability" comes in when weighing the ROI of investments in CEP/EDA systems, Paul says. "The affordability comes down to development and deployment costs versus ROI:
development can be quicker, and deployment can often avoid a boatload of application server nonsense (i.e. administrative stuff that is not business logic). And the ROI of the ensuing 'operational intelligence' can of course be immense."
Immense indeed, as has been discussed in previous ebizQ Webcasts on CEP and EDA. At a time when uncertainty and a wildly rocky economy can steer a business in any direction, it pays to have greater situational awareness that converts to actionable information.
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