Here’s a problem BAM tools should be able to handle fairly soon if the BAM industry continues to develop more powerful event processing capabilities.
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The dashboard model of business activity monitoring (see article) is the basic model for the current generation of BAM tools. The essential idea is that these tools, when configured properly on your IT layers, will alert you when events happen that have significance for your enterprise�s business goals and operations. These tools work by detecting and processing single events from the underlying enterprise IT layer. This is simple event processing. Some tools may let you specify event-condition-action rules that are triggered when significant events happen. This is a step towards automating the real time actions you want to take to manage your enterprise.

“Introduction to Event Driven Architecture” – David Luckham
KnowNow Webinar – July 21, 2004.
Download Video: 52mins 13sec 36MB Windows Media Video

Here�s a problem BAM tools should be able to handle fairly soon if the BAM industry continues to develop more powerful event processing capabilities.

In my article, �Avoiding Disasters Waiting to Happen� I gave you the example of an on-line banking website that had been �phished�. This resulted in crooks being able to use stolen identities and passwords to do things that the bank�s legitimate customers never did. Because the bank was IT blind it never detected that its customers were behaving in strange ways � throwing their money away in effect.