Business Activity Monitoring
Monitoring Business Activity Requires Sophisticated Tools
For many businesses, many IT-enabled critical operations require real-visibility into into key business operations. Monitoring the activity of a multitude of data streams throughout the enterprise is increasingly a prerequisite for effective operations management and decision-making. From manufacturing process operations to supply chain to military intelligence, business activity monitoring ensures that essential operational intelligence is gathered, analyzed and acted upon so that organizations have the real-time insight needed to make informed decisions. Intuitive, visual solutions provide the quickest and easiest path to insight. That's why Progress Software offers the Apama leading edge solutions for monitoring business activity in real time.
Progress Software Delivers Real-Time Solutions for Business Activity Monitoring
Progress® Apama® Event Processing Platform includes the Apama Dashboard Studio which offers a richly-featured business activity monitoring dashboard design and execution environment. With up-to-the-second visualizations of key metrics driving event-driven operations, Dashboard Studio gives decision-makers the ability to see operational activity in real time and generate alerts when conditions are detected that warrant action.
+ Larger View - Apama BAM Dashboards
Apama Dashboard Studio is designed with a wide variety of visual objects for intuitive monitoring, including meters, tables, grids, scales, bar and pie charts, as well as trend and XY charts. All can be connected to the underlying Apama complex event processing engine so that they change dynamically as business events occur in real time. Users can customize the dashboard with a design palette, placing objects on a visual canvas and defining parameters. Users have the ability to view sophisticated summary configurations while simultaneously drilling down for a more granular view.
The Brains Behind BAM
Visually appealing dashboards are the common representation of business activity monitoring (BAM), but dashboards by themselves not enough. The real goal of BAM should be the capacity act in response to the circumstances that are detected. More and more organizations are recognizing the role that Complex Event Processing (CEP) can play as a key component to successful BAM deployments. With CEP, busines activity monitoring applications can deliver real-time insight and actionable response. That combination of insight and action is the key – and unique – capability that powers the Progress Apama BAM platform, what we term the "Brains behind BAM". As the market’s leading platform for building complex event processing solutions, Apama offers a rich and comprehensive foundation for building intelligent business activity monitoring applications. The key elements of the Apama BAM architecture extend beyond dashboards to include:
- RAD Dashboard Development Tools – The Apama platform features a flexible development environment that allows rapid application development (RAD) of dashboards.
- CEP Engine – The Apama Event Correlator monitors event streams, detecting patterns and relationships amongst the events through application of CEP rules.
- RAD CEP Development Tools – Apama's sophisticated pattern detection rules are accessible via development tools for business users, business analysts, and IT developers.
- Encapsulated Functionality – Apama incorporates unique SmartBlocks that encapsulate CEP rules and expose them to business users via a high-level functional interface.
- Data Source and Sink Adapters – Apama can receive data from and send data to a wide variety of sources making it appropriate for a range of use cases in many markets.
- Event Data Management, Research, Testing, and Simulation – The data that business activity monitoring solutions monitor requires a unique class of data management to capture each event, together with filtered subsets of events determined by CEP logic, and newly created "complex" events. Event data management services from Apama EventStore and Research Studio provide the basis for research, testing, and simulation.
Improving Business Competitiveness by Monitoring Financial Activity
Apama Dashboard Studio is a key business activity monitoring tool for those operations that require an up to the second understanding of what is happening. For capital markets firms, traders will find Apama dashboards particularly valuable for executing and monitoring ever-more complex trading strategies. As algorithmic trading strategies grow more sophisticated and market volume continues to rise, gaining the competitive business advantage depends not only on who has the most effective strategic approach, but who can best monitor activity and refine trading strategies in real time in order to capitalize more quickly on new opportunities. Dashboard Studio allows traders to better understand and respond to market conditions.
Progress Software provides applications for a variety of real-time requirements, including enterprise service bus, complex event processing, data caching, data replication, object data management and data integration software.
Progress Apama - An 'Evaluation' paper by Bloor Research
> Read Analyst Paper
Dr. John Bates defines what algorithmic trading has to do with event-driven processing, visualization, and making money in real time.
> Listen to Podcast (MP3)
Get Up to Speed with ESP
An insightful webinar series that explores event processing and you can how leverage real event stream data to test and analyze applications.
> Part I: Panel of Experts
> Part II: Architectural
Foundations
> Part III: Event Reply
and Analysis