Comments on: DEBS08(6) - Model-Driven Eventing http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/ Complex Event Processing (CEP) Sat, 11 Feb 2012 17:08:59 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Said Tabet http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/comment-page-1/#comment-218 Said Tabet Tue, 29 Jul 2008 16:47:06 +0000 http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/#comment-218 Hi Paul! Beyond the overlap, I think XBRL and XBRL GL in particular can be used as a way to illustrate the importance of rules standardization. You are aware of all the challenges we had in the past pushing this topic, but I think some progress has been made thanks to RuleML, PRR, RIF, and many other efforts. We had a number of discussions and explored the integration of a Rules standard to XBRL. There is still more work to be done, and RIF needs to mature and gain adoption. As you suggested below, BPM, Rules, XBRL, CEP, are all very important for Regulatory Compliance and the GRC field (Governance Risk and Compliance) in general. I am not sure if you mentioned it in your previous posts, the upcoming <a href="http://2008.ruleml.org" rel="nofollow">RuleML 2008</a> Conference will focus on many of these topics with a Keynote by David Luckham and Paul Haley. I am looking forward to some productive discussions. Hi Paul!

Beyond the overlap, I think XBRL and XBRL GL in particular can be used as a way to illustrate the importance of rules standardization. You are aware of all the challenges we had in the past pushing this topic, but I think some progress has been made thanks to RuleML, PRR, RIF, and many other efforts. We had a number of discussions and explored the integration of a Rules standard to XBRL. There is still more work to be done, and RIF needs to mature and gain adoption. As you suggested below, BPM, Rules, XBRL, CEP, are all very important for Regulatory Compliance and the GRC field (Governance Risk and Compliance) in general.
I am not sure if you mentioned it in your previous posts, the upcoming RuleML 2008 Conference will focus on many of these topics with a Keynote by David Luckham and Paul Haley. I am looking forward to some productive discussions.

]]> By: vincent http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/comment-page-1/#comment-214 vincent Fri, 25 Jul 2008 17:19:14 +0000 http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/#comment-214 Hi Said - certainly XBRL (business reporting domain language) and financial events (which drive reports, and need to be reported on) have a strong overlap. Good to hear of the RuleML work - it would be really good if XBRL signed up to use / be compatible with a rules std (probably the W3C RIF). And of course this is also relevant to regulatory compliance... [Said is co-chair of the OMG Regulatory Compliance SIG]. Cheers Hi Said - certainly XBRL (business reporting domain language) and financial events (which drive reports, and need to be reported on) have a strong overlap. Good to hear of the RuleML work - it would be really good if XBRL signed up to use / be compatible with a rules std (probably the W3C RIF). And of course this is also relevant to regulatory compliance… [Said is co-chair of the OMG Regulatory Compliance SIG].
Cheers

]]> By: Said Tabet http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/comment-page-1/#comment-213 Said Tabet Thu, 24 Jul 2008 19:03:01 +0000 http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/#comment-213 Excellent post Paul and I appreciate the clarification from Eric. I actually wanted to add to add that XBRL and CEP have more in common than we think. Paul, by the way, thanks for being articulate when using the term 'declarative'. I had the opportunity to explore XBRL and XBRL GL in more details for over a year and a half and built a few declarative rule-based applications integrating XBRL and RuleML, I was very surprised to discover the horizontal nature of XBRL. When you think of transaction (or streaming market data for example), one can imagine a number of applications outside of business reporting or finance. An example is in manufacturing where one of the largest companies around is using it to monitor and improve its business processes. Excellent post Paul and I appreciate the clarification from Eric. I actually wanted to add to add that XBRL and CEP have more in common than we think. Paul, by the way, thanks for being articulate when using the term ‘declarative’. I had the opportunity to explore XBRL and XBRL GL in more details for over a year and a half and built a few declarative rule-based applications integrating XBRL and RuleML, I was very surprised to discover the horizontal nature of XBRL. When you think of transaction (or streaming market data for example), one can imagine a number of applications outside of business reporting or finance. An example is in manufacturing where one of the largest companies around is using it to monitor and improve its business processes.

]]> By: vincent http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/comment-page-1/#comment-203 vincent Fri, 11 Jul 2008 14:24:07 +0000 http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/#comment-203 Eric - thanks for the clarification, and the comment on the likelihood of XBRL events being relevant to CEP. I'll keep a look out for CEP applications that make use of XBRL schemas! Cheers Eric - thanks for the clarification, and the comment on the likelihood of XBRL events being relevant to CEP. I’ll keep a look out for CEP applications that make use of XBRL schemas!
Cheers

]]> By: Eric E. Cohen http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/comment-page-1/#comment-197 Eric E. Cohen Tue, 08 Jul 2008 08:28:57 +0000 http://tibcoblogs.com/cep/2008/07/07/debs086-model-driven-eventing/#comment-197 You wrote: 'an email just arrived in my inbox announcing the development of an UML profile for XBRL financial reporting - about as “domain specific” as you get).' A small clarification - the UML Profile is for XBRL's Global Ledger Framework (XBRL GL). XBRL GL is XBRL, however, not all XBRL is financial reporting (hence being XBRL, not XFRML, the original name) - much to most people's surprise. XBRL GL is actually far more relevant to CEP - it is a global, holistic, generic, standardized way to represent business events in detail - capturing what flows in from business documents, events and triggers in one generic format - in detail - to bridge between proprietary industry and document formats through an ERP-type system - and then bridge directly to those aforementioned XBRL end ("financial" and other) reports. That makes XBRL GL less domain specific than "FR"; business reporting detail, yes; but not limited to accounting, operational or financial, capable of capturing the detail related to accounting, sustainability, operations, metrics and KPIs, etc. Do you want to track 500 machine cycles, 300 worker hours, 2 spotted owls helped and 3 officers indicted during the manufacture of 400 red widgets? Not a problem. Anyone with an interest in this area is asked to read, and as appropriate respond to, the RFI found at http://www.omg.org/cgi-bin/doc?finance/2008-05-01 . To learn more about XBRL GL, you can visit the XBRL Web Site (http://www.xbrl.org/GLTaxonomy), and instructive webcasts and annotated examples can be found at http://gl.iphix.net - our Global Ledger Practices Guide for Study (GaLaPaGoS). You wrote: ‘an email just arrived in my inbox announcing the development of an UML profile for XBRL financial reporting - about as “domain specific” as you get).’

A small clarification - the UML Profile is for XBRL’s Global Ledger Framework (XBRL GL). XBRL GL is XBRL, however, not all XBRL is financial reporting (hence being XBRL, not XFRML, the original name) - much to most people’s surprise.

XBRL GL is actually far more relevant to CEP - it is a global, holistic, generic, standardized way to represent business events in detail - capturing what flows in from business documents, events and triggers in one generic format - in detail - to bridge between proprietary industry and document formats through an ERP-type system - and then bridge directly to those aforementioned XBRL end (”financial” and other) reports.

That makes XBRL GL less domain specific than “FR”; business reporting detail, yes; but not limited to accounting, operational or financial, capable of capturing the detail related to accounting, sustainability, operations, metrics and KPIs, etc. Do you want to track 500 machine cycles, 300 worker hours, 2 spotted owls helped and 3 officers indicted during the manufacture of 400 red widgets? Not a problem.

Anyone with an interest in this area is asked to read, and as appropriate respond to, the RFI found at http://www.omg.org/cgi-bin/doc?finance/2008-05-01 .

To learn more about XBRL GL, you can visit the XBRL Web Site (http://www.xbrl.org/GLTaxonomy), and instructive webcasts and annotated examples can be found at http://gl.iphix.net - our Global Ledger Practices Guide for Study (GaLaPaGoS).

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