Vanguard Complex Event Processing Solutions

What is Complex Event Processing (CEP)?
Complex Event Processing is the ability to detect and analyse events in real-time, detecting complex patterns involving these events (that may, for example, represent a business risk or opportunity) and then respond to these events by orchestrating required business processes and human activities.

Complex Event Processing is a powerful solution to the business problem of how to transform an enterprise into an Event-Driven Enterprise that is able to identify and respond rapidly and flexibly to situations that can significantly increase business revenue and reduce operational costs and business risks. An overview on Complex Event Processing can be found here.

Vanguard Technologies has partnered with the leading CEP vendor, AptSoft Corporation, to offer product and consultancy services to deliver an impressive ROI using CEP to drive significant sales growth, manage risk and compliance initiatives, and to improve customer services and supply chain performance - to name but a few application areas addressed by this technology. For detailed CEP Overview click here

We have got BI and the ESB – is that not enough?
Today’s Business Intelligence systems are incapable of detecting and correlating complex patterns of events in real-time and then using the business insight gained from this correlation activity to respond by orchestrating the required business response. 

The Enterprise Service Bus is very useful for transferring events between service consumers and providers but it cannot detect, correlate and respond to complex events.

In fact CEP can be built on top of BI and ESB to transform a slow responding organisation into an Event Driven Enterprise that can detect, respond and orchestrate complex patterns of events in real-time to gain business advantage and reduce risk.

How does Complex Event Processing benefit my Business?
Complex Event Processing offers the following benefits:

• Generate new revenue from cross-selling and up-selling opportunities.  There are many ways that CEP can be used to drive increased cross-sales and up-sales revenues.  For example, by detecting customer actions and perceived or inferred buying intentions across different sales channels in real-time, the customer may be offered tailored purchasing opportunities through different channels.  These offerings may be co-ordinated with human sales activities. The entire activity is tracked and monitored by the CEP engine over long periods of time.

• Significant reduction in operational, business and compliance risks. CEP offer businesses the ability to detect in real-time transactions which if executed may breach regulatory rules, expose the company to significant business risk by breaching corporate compliance rules or detect fraudulent transactions.  The ability to respond in real-time to blocking or alerting management to these risks gives the organisation a significant ability to manage operational and security business risk.

• Rapid Real-Time Business Integration.  Because of the complex nature and interaction between disparate systems, business systems often cannot be represented and orchestrated by IT.  This leads IT to attempt complex and expensive redesign and application integration. One option that can be considered is to use CEP to create a rapid business orchestration layer that sits above the existing systems and applications and takes advantage of the functionality within existing systems using CEP complex logic to orchestrate the activities between the disparate business systems.

• Rapid and Incremental Development.  A good CEP solution enables the Business Analyst to develop the CEP business rules in a high-level, user friendly, code-less visual language. This greatly improves productivity and time-to-market. Furthermore a CEP engine should permit the incremental development of CEP applications to be completed and deployed in days rather than months.

How can we evaluate Complex Event Processing (CEP)?
One of the effective ways to evaluate CEP for your organisation is to conduct a Pilot Project to assess the benefits of Vanguard CEP products and consultancy services on a real, representative and operational customer project carried out in your working environment.

From the results of the Pilot Project you will be able to assess the value of Vanguard’s ROI proposition to your organisation and then you will be able to list, budget, and schedule the work required to deploy the Vanguard CEP solution.

Call or email Vanguard today at sales@vanguard-technologies.com