SeeWhy Software announced SeeWhy Enterprise Edition, the first event-driven business intelligence platform. The distinctly new entrant into the business intelligence market uses event-stream processing to allow enterprises to build real-time metrics, alerts and actions into any business process or application. By automatically evaluating events as they occur and calculating impact on the company, SeeWhy Enterprise Edition can reduce business costs, identify sales opportunities and avert operational risks.Traditional business intelligence systems extract data from applications and load it into databases or costly data warehouses. Then, they run queries against the databases and extract the data for manual analysis by users. This process is slow and by design bases decisions on old information. Recent attempts to improve business intelligence technology have had the effect of speeding up the process, bu t they have not fundamentally altered it to allow analysis of business events as they occur, nor can the analysis process itself be automated, making it hard to integrate with processes.
In contrast, SeeWhy's event-stream processing technology directly monitors corporate data delivered by middleware, integration software, service-oriented architectures (SOAs), web services or the network without impacting their performance. It interprets data in the context of past performance to deliver analyses of business events and identifies anomalies seconds after they occur.
SeeWhy can be used to analyze both structured and unstructured processes, enabling any business function to be optimized, irrespective of whether it has been automated in a Business Process Management environment. This broad applicability across industries supports processes such as monitoring customer transactions, tracking shipments, sensing demand, detecting fraud and ensuring compliance with business operating procedures.
"Business intelligence and business decisions are not just going to be based on historical data, but sources of data that are immediate, mid-term and long-term all combined into a process that gets built into applications," said Donald Feinberg, vice president and distinguished analyst at Gartner. "Today, this is called real-time event processing. Over time, it will become the norm."
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