Jan
11
2010
TIBCO CEO on 2009: the shift to Event Driven Architectures
Posted by Paul Vincent
The end-of-year analyst report (aka “earnings call”) is where financial analysts listen to and question the corporate officers of a company like TIBCO on their end-of-year report card. TIBCO’s 2009 report (recorded Dec 22 2009) delivered by the CEO, COO and CFO had some comments relevant to the CEP business:
- TIBCO innovation in event store-and-forward approaches: the release of TIBCO ActiveSpaces
- “[I]t is actually substantially more valuable to have just a little bit of the right information, at the right place, at the right time and in the right context than having all the information in the world six months after the fact.” This followed 3 customer examples doing TIBCO-based CEP (a “Western states utility”, a “major Asian bank”, and a “major Indian mobile company” - covering energy, finance and telco industries).
- On EDA: “[T]here’s going to be a systematic shift from transactional to event driven architectures … transactions don’t pickup threats and opportunities … there is a systematic shift, it’s like a change that’s taking place …”
- On BPM: “We’ve seen a number of situations where a customer actually went away from say an ERP CRM type implementation as in the case of the Asian bank and went through an event driven inbound marketing approach.”
- On BI: “The traditional BI players are largely reporting systems … they allow you to analyze and mine data after the fact and what we do is we look at streaming events before and allow you to anticipate what’s going to happen as it is about to happen. Then, we also with our Spotfire product have taken the visualization of it through a whole different level. I think those are the two elements, the predictive real time nature versus the reporting after the fact nature and the visual technology that goes with it.”
Tags: annual report
BI, BPM, Complex Event Processing (CEP), EDA, Trends | 11 January 2010 |
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By José Gabriel, January 12, 2010 @ 01:15
And… What about Business Rules?
By Paul Vincent, January 12, 2010 @ 04:27
Hi Jose - “business rules” map onto enterprise architecture and decision management - the latter is covered by TIBCO BusinessEvents Decision Manager as a part of general “event processing” - event pattern detection leading to event-driven decisions and reactions - see http://tibcoblogs.com/cep/2009/12/18/cep-more-than-event-patterns/ for more information.
Cheers
By James Taylor, January 21, 2010 @ 14:17
I agree that the world is moving in a more real-time and event-centric direction. I don’t think this will mean the end of process or of process management but it will drive a need for a platform that handles process, events and decisions and that can track the performance of all these things.
JT
By Paul Vincent, January 21, 2010 @ 16:54
Hi James - quite agree…