Although I prefer to differentiate CEP-based analytics between event-driven (some complex events cause you to run some analytic function) and event-based (analytic operations working event-at-a-time or on the event stream directly), Seth Grimes has just published an interesting article titled “CEP+BI= Event Analytics” in Intelligent Enterprise.
Seth had some useful data to back up his comments from a survey on “data analysis software”: “Responses to the question, “What business value can you see in real-time, continuous analysis?” demonstrate not only that current and potential users see value in “faster decisions” (68%) and “more accurate and timely information” (61%) but also that these capabilities are directly linked to concrete business measures that affect the profitability such as “higher customer satisfaction” (42%), “lower personnel and operational costs” (32%), and “increased sales” (26%).”
PS: partly related and very insightful was Tony Baur’s related observation via Twitter: “So in essence, CEP makes BI literally actionable. IOW BI is embedded in execution.”


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Richard Tibbetts added to the discussion on the Streambase BI blog. Richard’s point is that automation is the key – moving BI from a workflow to an automated process – which is where CEP comes in. Good point!
However, to be fair, my Spotfire colleagues will also point out that the need for high level visual analysis and analytics still has a role to play – for example in discovering the types of patterns to encode in your CEP rules…
Cheers