Authors Dr. K. Mani Chandy and W. Roy Schulte will discuss “The Business Impact of Event Processing Systems” in their session today at 2 p.m. in the Dolphin Hotel, Southern I. They will also be on hand to sign copies of their new book on the subject, EVENT PROCESSING: Designing IT Systems for Agile Companies, from 5:45 to 7:00 p.m. at the ITxpo Showcase.
Event processing has the power to transform businesses by providing near real-time visibility into what is happening within a company and in its external environment, allowing for rapid response to emerging threats and opportunities, reducing the duration of business processes, and enhancing the quality and availability of information.
Dr. Chandy and Mr. Schulte explain, in a step-by-step manner, how to design, deploy, and use event-processing (EP) systems in business processes and the systems that support them.
Dr. Chandy, a Ph.D., is the Simon Ramo Professor at the California Institute of Technology in Pasadena, California. Mr. Schulte is Vice President and Distinguished Analyst at Gartner. He was the lead author of the 1996 Gartner report that introduced the term service-oriented architecture (SOA) to the industry. Mr. Schulte also originated the research in the field of message brokers, coined the term business activity monitoring (BAM), and wrote the first analyst reports on the zero-latency enterprise and the enterprise service bus (ESB).
The book shows that EP has a direct and tangible impact on the lives of business people and that it dramatically improves business processes and IT systems. The authors illustrate in detail how EP improves a business person’s situation awareness – an accurate awareness of the global environment in which the person operates – and helps the business sense and respond to changes in its environment more quickly and effectively.
According to Mr. Schulte, what’s new about event processing is that we now have the technology to get situation awareness at an affordable price. “Situation awareness means knowing what is going on so you can decide what to do. People always wanted it but they couldn’t afford it and the data wasn’t available. The price of processors, networks and sensors has dropped. And the Internet has standardized the protocols and addressing for many computer resources. It’s an explosion of event data but we have to tap it to benefit from it.”
In the book, Dr. Chandy and Mr. Schulte explain that event processing is an increasingly important part of enterprise service-oriented architecture (SOA) and business process management (BPM) strategies. Readers will recognize that it is synergistic with SOA and BPM, making them more effective and better able to respond quickly to escalating business requirements.
The book is aimed at a broad audience, including business analysts, IT architects, CIOs, application managers, project leaders, and technology-aware businesspeople outside of the IT department. The authors discuss the role of EP in enabling business dashboards and situation awareness; the types of EP applications and their costs and benefits; how event-driven architecture (EDA) complements conventional request-driven SOA; and how to implement event processing without disrupting existing applications.
For more information, visit www.gartner.com/eventprocessing. The book, published by McGraw-Hill, is available at booksellers worldwide.
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