Business White Paper – Complex Event Processing (CEP) has moved inexorably from an edge tool used in high speed proprietary algorithms to an indispensable platform. No longer a niche product, it is now used across the enterprise organisations to power event-driven real-time applications and services in the front and middle office.
Most common uses of CEP happen where applications need to make or support decisions and take actions based on business logic being applied to large volumes of fast moving data. In most cases, there are multiple streams and types of data to be considered for each decision. Volume, velocity, variety and correlation are all parts of the equation. Essentially, CEP addresses problems in handling and acting on big data in motion.