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Event processing is all about running your company smarter and faster. It does
this primarily through situational awareness and traceability. The former means
continuous updates of all relevant processes, enabling managers to gain a complete
overview of the business and instantly respond to problems and opportunities.
The latter means the ability to track the status of items – customer orders,
physical batch completion progress, supplier orders en route and so on –
throughout the respective life cycles.
There are few different flavors of event processing: Simple event processing,
complex-event processing and event stream processing. As the names imply, the
former refers to individual events, while the latter two look at multiple events
to “connect the dots” on a higher level. One popular method for managing
more practical value chains is Event-Driven Architecture (EDA), while others
are better suited for management support and decision making. Learn more about
these technologies in this guide and on our Event
Processing topic page.
On
simple events and simple event processing (Event Processing Thinking)
Does "simple event processing" refer to processing of simple events,
or simple processing in events? There's a key difference to note here, and blogger
Opher Etzion sets the record straight on what's what.