It is a real-time event driven decision engine capable of responding to customer events and interacting with customers individually. It can produce real-time actions (targeting offers, generating alerts, etc.) based on the current event and historical data.
Complex event processing solution.
5. Event – Scenario - Action Event A ny detectable occurrence in a particular system or domain indicating a change in the state of the business. Evaluation of the impact of this change to the services is significant. Action R esponse on something done or occurred. A n action may also be an event. Event Patterns (Scenario) C omplex series of interrelated events .
6. Event Processing Concept of processing all events, identifying the most meaningful pattern of events within the event cloud, analyzing(monitoring) their impact, and taking right action in real time.
7. What is EVAM? EVAM (Event & Action Manager) is a real-time event processing engine capable of responding to complex event sequences and produce real-time actions based on the current event and historical data .
8. EVAM Event Processing DB or File Opr Another System Web Dealer/ Branch/ Call Center Cards Call/ SMS DB Opr Invoke Systems Send SMS Send Mail - Event Catalog - Data Catalog - Action Catalog - Scenarios EVAM Event Processing Engine Decision Engine
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10. Processing Speed Development Speed For decreased time to market Change Speed To stay ahead of the competition Accelerate Your Business
A business Event is any discrete electronic message, signal, packet of data that indicates something has of some kin has occurred. Business Event Processing is the ability to detect, evaluate, correlate and respond to any single business event or combination of events (event pattern). An event pattern can be represented as multiple occurrences of the same event type, the combination of different event types or the combination of events that occur and events that DO NOT occur as expected. .