OpenSpan, Inc., a provider of user process management software, announced it has released support for Oracle Complex Event Processing (CEP), a solution for building applications to filter, correlate and process events in real time so that downstream applications, service-oriented architectures and event-driven architectures are driven by real-time intelligence. The new support enables OpenSpan and Oracle CEP to be used together to monitor user activity to detect and prevent fraud and compliance risks or identify cross-selling and up-selling opportunities.
OpenSpan's software adds new capabilities to the events that can be correlated and responded to by enabling enterprises to monitor relevant user activity in virtually any application and provide a customized event stream to Oracle CEP in real-time, without the requirement to change any of the original applications. Additionally, OpenSpan can be set up to monitor user events in applications to provide the ability to react to the changing business conditions identified by using Oracle CEP.
The combination of Oracle's ability to enable real-time correlation and management of disparate events from across an enterprise and OpenSpan's ability to monitor and manage user activity creates new opportunities for organizations, allowing them to identify and respond in real time to situations that could previously only be detected after the fact, according to OpenSpan. "If you have events in your organization that you want to instrument and push through a CEP engine, this is great, but if you have applications that are not event-enabled or not providing you the correct event, this is where OpenSpan steps in. What OpenSpan allows you to do is quickly event-enable applications to provide the events that your CEP engine is looking for," Eric Musser, CEO, OpenSpan, tells 5 Minute Briefing.
"An event can very simple - it could be that a user took some action, it could be that there were multiple steps taken by a user and certain information was provided to him or her, and this information now could become an event for the CEP engine," Musser explains. "One of the things that enables us to do this quickly is that OpenSpan has the technology that allows you to, without modification to the source code, create events at the surface layer, the desktop layer, where all these applications are coming together." According to Musser, there is applicability for combined the OpenSpan capability along with Oracle CEP in the financial services, as well as in insurance and banking -- areas in which there are massive amounts of data being processed, but perhaps, not all of it is being processed through a CEP engine today -- to allow organizations to quickly react to what is going on.
"Oracle is seeing a dramatic uptake in the number of diverse use cases for our complex events processing technology," says David Shaffer, vice president, product management, Oracle Fusion Middleware. "OpenSpan's ability to add an event stream of user activity to the streams of data processed by Oracle CEP in real-time, will only further increase the opportunities for enterprises to become more responsive and agile." For more information, go to www.openspan.com/ocep.