Event Processing for Business

In today's fast-paced corporate environment, real-time events require immediate action. Event processing (EP)-the ability to collect, analyze, and react to real-time events-is a key component of twenty-first-century business information systems. Presenting a comprehensive overview of the history, status, and future of this continuously evolving field, Event Processing for Business explores the many different ways you can apply event processing in your business operations to enable decision-making right now, as events are happening, and maintain the competitiveness of your organization in an increasingly real-time world. In Event Processing for Business, author David Luckham shares his decades of IT research and consulting to show you how to use the events in your business and in the world around you to create new, groundbreaking ways of doing business. You'll discover how to: detect and analyze patterns of events to create a higher level of business operations; maximize the information you extract from the events that are available to you; choose the right event processing technology to suit your specific business needs; and keep technology adoption costs down. Luckham also provides practical guidance on how EP is best integrated into an overall IT strategy and how its architectural styles differ from more conventional approaches. Emphasizing EP examples used in a diverse range of business, including financial trading, banking, fraud detection, IT security, transportation, energy, customer relations management, and healthcare, Event Processing for Business explores: What event processing is Reasons to invest in event processing How and why four modern event processing technologies developed Basic concepts of event processing and complex event processing (CEP) Event streams and event clouds The growing marketplace for commercial event processing products Which businesses are using event processing and CEP today The kinds of business problems to which event processing is being applied Fundamental strategies for event processing in business: filtering, prioritization, and goal-specific methods More event processing concepts: event patterns, timing, causality, abstraction, and computable event hierarchies Abstract events and high-level views that allow you to instantly understand your competitive business situation Organizing abstract events for different role players in the enterprise The future of complex event processing in the Information Society Event-enabled business models and systems are everywhere, and they're here to stay. Learn how to turn real-time data into right-now actions with David Luckham's Event Processing for Business