Further affirmation that low
latency execution is not the only motivator for decisions to deploy the Apama CEP
platform is found in a recent quote from Yann L'Huillier, the CTO of Turquoise. Turquoise is the London-based alternative trading
venue that is using Apama for real-time market surveillance in a project that
was managed by Progress Apama partner, Detica.
In a quite interesting interview in InformationAge that speaks to the role of technology in jumpstarting the Turquoise effort to challenge the incumbents, L'Huillier
explains "With regard to Apama and Detica, our thinking is that using a
streaming engine with complex-event processing gives us a competitive edge,
because we can change the way we read the market and adapt to the
always-changing market conditions."
That has proven to be a
common - and key - reason why organizations chose the Apama CEP platform. CEP systems generally respond to conditions
that they don't control, as the events are generated by external sources and
the CEP system is monitoring what is happening via the events. A successful CEP system must be adaptive, as
the conditions that spawn the events are assuredly going to change.
The word "agility" has become
hackneyed in the technology lexicon, but that really does describe the requirement. As the Turquoise article suggests, it can be fundamental to competitive differentiation. As a colleague recently noted to me, accuracy
is as important as speed because without accuracy, technology merely
accelerates the speed with which you get the wrong answer. With the world changing as fast as it is, accuracy
will be quite fleeting unless you can adapt quickly.
View all posts from The Progress Team on the Progress blog. Connect with us about all things application development and deployment, data integration and digital business.
Subscribe to get all the news, info and tutorials you need to build better business apps and sites
Copyright © 2019 Progress Software Corporation and/or its subsidiaries or affiliates.All Rights Reserved.
Progress, Telerik, Ipswitch, and certain product names used herein are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and/or other countries. See Trademarks for appropriate markings.