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Complex Event Processing (CEP)

Definition - What does Complex Event Processing (CEP) mean?

Complex event processing (CEP) refers to resources that collect different kinds of data from different parts of an IT system, or other sources, to look for meaningful results that can be reported to decision makers. In many cases, a complex event processing system is an organizational tool that helps to aggregate a lot of different information about an enterprise in order to assist in high-level planning.

Techopedia explains Complex Event Processing (CEP)

IT providers like Oracle offer tools and resources for complex event processing. These types of systems may use conventions like structured query language to facilitate data transmission. Engineers may add specific processing languages to programming environments like Java or .Net in order to set up systems that can handle queries in real time while proprietary algorithms offer specific processing features to facilitate better business intelligence.

A complex event processing tool is a resource that has a lot of relevance to the overall subject of knowledge management or business intelligence. In most parts of the business world, there is a prevailing idea that enterprises can benefit from collecting and analyzing more of the information at their disposal in order to better serve customers, boost profit margins and improve metrics like productivity benchmarks. Different kinds of IT tools like Customer Relationship Management or CRM, supply chain management and other kinds of planning software help to accomplish these objectives. Complex event processing is one part of that bigger picture, where companies seek to look at how a large number of internal events happen to get a better picture of patterns that emerge. With this data in hand, planners can optimize business processes for a more successful future.

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