It provides insight into what is happening and is used for highly demanding, continuous-intelligence applications that support real-time decisions. Major application areas include :
- Business Activity Monitoring - monitor business processes in real time to identify problems and opportunities immediately.
- Sensor Networks - monitoring of industrial facilities [e.g., temperature, smoke]
- Market data - for example stock or commodity prices. Sometimes they are derived by correlating several events that are sent from different systems.
We use TIBCO Business Events to help our clients build rule-based event-processing systems that can be used for predictive analysis and fraud detection.