What is complex event processing?
Complex Event Processing (CEP) refers to resources that collect different types of data from different parts of an IT system or other sources in order to find meaningful results that can be reported to decision makers. In many cases, a complex event processing system is an organizational tool that helps gather a wide variety of information about a company to aid in high-level planning.
IT providers like Oracle offer tools and resources for complex event processing. These types of systems can use conventions such as structured query language to facilitate data transfer. Developers can add specific processing languages to programming environments such as Java or .Net to set up systems that can process queries in real time, while proprietary algorithms provide specific processing functions that enable better business intelligence.
A complex event processing tool is a resource that is of great relevance to the entire topic of knowledge management or business intelligence. The prevailing idea in most of the business world is that businesses can benefit from gathering more information and analyzing it to better serve customers, increase profit margins, and improve metrics such as productivity benchmarks.
Different types of IT tools such as customer relationship management or CRM, Supply chain management and other types of planning software help achieve these goals. Complex event processing is part of that bigger picture, where companies try to study how large numbers of internal events happen to get a better picture of the patterns as they evolve. With that data in hand.