Event Operations via Predictive Analytics

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ep_algos_using_analyticsOne of the probable future trends in event processing will be the merger of Predictive Analytics (per Wikipedia: “analyze current and historical facts to make predictions about future events“) and Complex Event Processing… or basically the increasing use of advanced statistical techniques in event processing. Of course, for “current facts” (in Wikipedia) read “events” in the Event Processing community…

As an example, consider the diagram on the right, which details some of the algorithms available in such a predictive analytics tool (TIBCO Spotfire Miner), and how they relate to event processing (as when embedded in a CEP tool like TIBCO BusinessEvents). One thing to consider is that these algorithms are not likely to be specified by Subject Matter Experts or Business Analysts – who might ordinarily be relatively happy with the logical constructs in rule-based event patterns or queries.