Complex Event Processing (CEP)
Introduction
Complex Event Processing is a real-time business process management tool used by firms for monitoring events occurring simultaneously across various operational layers within an organization and its external environment, identifying events which are considered relevant to the firms' operations, analyzing their impacts, and recommending or selecting appropriate actions to address impending issues when necessary.
Features
The concept relies on a number of techniques, including event pattern detection, event abstraction, event hierarchies, relationships between events (e.g., causality, membership, and timing), and event-driven processes.
Benefits
CEP allows firms to process large amount of time-sensitive data so as to sieve out important insights or to trigger alerts when certain patterns of events have been detected. Such a system reduces the time to respond to any conceivable market trend or operational behaviour which may have material impact to the firm's operations.
Possible Applications
- Integrating with RFID for efficient marketing or real-time supply-chain management
- Integrating with bank transaction processing to detect fraud
- Integrating with security systems to identify intrusion events or break-ins
- Integrating with stock data processing to identify trading trends
- Integrating with traffic data processing to identify potential traffic congestion
- Integrating with healthcare monitoring system to detect onset of epidemic
- Integrating with decision making systems for C4I applications
- Integrating with CRM system to identify shifting customer trends
What we can do to help you?
Event processing is all about running your company smarter and faster.
At ST Dynamics, we provide a business consultancy and CEP implementation service to help you analyze areas in your business which can be significantly improved through employing time-sensitive event-driven processing technologies.
Our staff will be able to review your existing data collection methods and your business process monitoring activities and then advise you on an appropriate CEP framework that can augment your existing operations.
We provide system integration services to convert your existing data streams into actionable data formats; develop frameworks to capture your business logic into event-processing algorithms; and implement a CEP-based system to detect for event patterns that could warrant the timely initiation of holistic solutions. Depending on the nature of your business, ST Dynamics is able to build up a team of management consultants, subject-matter-experts, scientist and engineers to customize a solution specific to your company for your industry using best-in-class CEP systems.
Planning with Multiple Constraints and Objective
ST Dynamics has in house capability to help clients to solve complex optimisation problems involving multiple constraints and objectives.
The solutioning is based on advanced meta-heuristics algorithm customised to the unique structure of the problems presented by the clients. The solution derived is characterised by fast calculation, satisfaction of all constraints and objectives, capabilility in handling dynamics situations and high degree of customisation to client's needs.
Examples of such types of problems include vehicle fleet scheduling and planning, complex operations planning, course of action planning and logistics planning.