Posted by Apama Audio
Posted by Apama Audio
Posted by Louis Lovas
|Awareness||Provide commercial business and industry the necessary knowledge of event processing as a technology supported by numerous vendors with continuing research in academia.|
|Definition||Provide a concise and definitive meaning of event processing, a Taxonomy of Event Processing so to speak. This is both from the horizontal technology perspective and also a vertical focus for a handful of specific industries. It's often difficult for business people to understand technology without the context of a business or application focus.|
|Differentiation||Provide a clear distinction that defines event processing and distinguishes it from other technologies. Event processing is available is many forms, this symposium provided evidence of that. Much of it is available in specialized form as in IT Systems management. There are also pure play event processing (CEP) vendors, such as Progress/Apama. But there are also Rules engines, Business Intelligence platforms, Analytic platforms, etc. This easily presents a bewildering world filled for choice, conflicting and overlapping marketing messages. The EPTS is in the perfect position to provide that clarity behind defining what is CEP and what isn't.|
|Cooperative||Event Processing rarely operates in a vacuum. There are many synergistic technologies that closely pair with CEP. Often this can have a specific vertical business flavor, but often it's other platform technology such as BPM and temporal databases.|
Posted by Giles Nelson
Mike Gaultieri, a analyst at Forrester Research, takes application developers to task for not knowing what the business wants.
This has never been more the case than in the case of event processing. Without understanding the business events that are available to them and the needs of end-users, developers are not going to get anywhere. What do I mean by business event? It's simply an event containing some business orientated, rather than technically orientated, information - a stock tick, weather report, GPS coordinate etc. It can be pretty much anything, but it must have some business value and meaning to the business.
In addition, developers need to understand what the business wants to achieve - is it about simply maintaining an up-to-the-moment view on a goods ordering process, using appropriate charts and graphs to visualise the information, or is it about automating decisions - pricing a product dynamically or re-routing a vehicle based upon traffic conditions? Often, an end-user won't care about what technology is being used to deliver the information or make the decisions they want - and nor should they. As Mike Gaultieri correctly points out, a good user experience is everything; the technology itself is at best secondary or often irrelevant.
My advice to developers is to start small and focussed, get something done and prepared to iterate quickly. Try and define business requirements to begin with but be flexible about changing them (within reason). If developers don't do this, and work in a vacuum, success won't come.
Posted by Apama Audio
Posted by Dan Hubscher
Apama made a big splash at the 4th
International Financial and Capital Markets Conference, hosted by BM&FBovespa from
Aug. 27th – 30th in Campos
The conference was a global event. Over 600 people from around the world
attended; panel presentations featured speakers
from North and South
Algorithmic trading was a key topic of both panel presentations and audience questions. Some spoke of its profitability, highlighting its effectiveness at exploiting market movements, the independence from fundamental analysis, and removal of human emotion from trading. Others remarked specifically that both algorithmic and high frequency trading have significantly enhanced liquidity, and that the enhanced liquidity is good for derivatives markets. Of course, all of the speakers echoed that proper regulation is essential, with specific regards to algorithmic trading, and on a larger scale as well. Many recommended an approach that equips regulators with the tools to deal with problems as they arise, rather than attempt to prevent every imaginable problem through excessive regulations – especially in light of the lessons learned from the last year.
In the face of this rapid market change, the Brazilian Capital Markets community needs more than simple algorithms – it needs the tools to customize trading strategies to attract local and cross-border business, get ahead of the competition, and stay ahead. My hosts for the week, the Progress Apama team members in Brazil, supply the Apama platform, consulting services, and local expertise to the market – and that set of local relationships is the key to success in this fast-growing market. The result is tangible. The exhibitor floor of the conference experienced high traffic during the breaks; and the Apama booth drew visitors from a prominent position in the middle of the throng. The Apama demos were the main attraction, on display in our booth and in others’ nearby.
The Apama customer count increased as well. Banco Fator made news (Portuguese / English) with an Apama agreement during the conference, joining the user community of Ágora, Finabank, Alpes, and others.
For the icing on the cake, Progress
As the old saying goes, “Be careful what you ask for;
you just might get it.” I got what
I asked for much earlier than I had anticipated. As for
P.S. - You can follow my future travels on Twitter, here.