Event Processing Technical Society
Posted by Chris Martins
Another milestone in the evolution of the CEP market (I'll purposely not use the word "maturity", given the consternation that term seems to generate) was yesterday's announcement of the Event Processing Technical Society. This consortia of vendors, academia, and other industry participants has formed to "facilitate the adoption and effective use of event processing." As one of the founding members, Progress is happy to see this effort get going in a more public manner, after several years of meetings and online discussion.
Not a standards body, the EPTS will otherwise work to try to advance an understanding of what event processing is and how it can be used, via promotion of use cases, best practices, academic research and other initiatives. One factoid in announcement was a Gartner citation that a typical large company deals with 100,000 to 1 million business events per second.” The value of harnessing that information suggests a vibrant market opportunity that hopefully all market participants can get behind.