10 tips on how to prevent business value risk
One category of risk that project teams need to ensure they address is business value failure – delivering a product that fails to provide value for the business investor.
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Posted by Steven Robbins on Aug 21, 2008
The most basic term, event, is problematic. Essentially there are two distinct meanings; (1) an activity that happens, and (2) something that represents that activity in a computer system. It is tempting to introduce two separate terms such as “event” and “event object“. However, in any discussion longer than a paragraph or two this becomes intolerably clumsy and one finds the distinction being misused, forgotten or dropped altogether. For example, using the two separate terms would dictate that ”event processing” (see below) should be “event object processing“. The best solution is to overload the word “event“. The context of each use becomes the indicator of which meaning is intended.Luckham and Shulte defined complex event as "an event that is an abstraction of other events called its members." Complex events were the topic of Joe McKendrick's choice when he cited a problem with a system at Moody's Investors Service that caused incorrect ratings to be assigned. McKendrick said "The implication is that millions, if not hundreds of millions, of dollars in investment decisions may have been made on faulty data generated by the system." McKendrick's position was that complex sense and respond systems may still require human involvement to prevent problems or errors.
Web data sources can be active or passive. A client can poll a server, using a request- reply protocol to extract information. Alternatively, information can be pushed to a client by means of RSS or ATOM streams or by using other data protocols. A passive data source can be made to have an active interface by an agent that polls it periodically and actively sends information about changes in successive polls.But does CEP require a completely different type of architecture?
I believe that SOA and EDA are peers and complements. So, I disagree with the SOA evangelists who say EDA is merely a subset (child) of SOA. A broader event-driven architecture stretches beyond event-driven SOA, to include real-time information flow and analysis, and complex event processing.Dr Ivar Jacobson took a different position on EDA. Jacobson asked the question "Do we need event-driven architecture?" In answering his own question, Jacobson that, while EDA puts the focus on the events as the most important element in the system, you are better of putting your focus on "components or services and some kinds of "channels" between some of these components." Events can be produced, delivered, consumed, and even broadcast in a system like this. One big benefits of this type of system is that
The most interesting components are services. You get service-oriented architecture (SOA) at the same time, and more.In either case, EDA and SOA do not preclude or exclude each other. They can be used to provide complex event processing systems that can provide automatic or actionable outcomes for your enterprise.
One category of risk that project teams need to ensure they address is business value failure – delivering a product that fails to provide value for the business investor.
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