Deciphering the Myths Around Complex Event Processing

Real-time analysis of streaming data is catching on, but industry experts say CEP is still an immature technology.

by Ivy Schmerken, WallStreet & Technology, May 15, 2008

Complex event processing (CEP) is supposedly gaining traction on Wall Street as a way to analyze real-time streams of information and find patterns or correlations in unrelated data. But there are still many myths about the technology and confusion over the terminology, according to last week’s Accelerating Wall Street conference hosted by Wall Street and Technology.

One of the main myths is that the technology is mature. According to panelists, CEP technology is immature. Another myth is that it’s a sell-side only technology. A third myth is that it’s out-of-the box and easy to use.

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