Sep
27
2011
Another TUCON keynote today was FedEx’s Robert Carter, CIO. Robert gave a great intro into the increasing importance of real-time event processing, painting the timeline of FedEx from the introduction of the first scanner in 1979 and Fred Smith’s quote on “the information about the package is as important as the package itself”. This history also covered the exploitation of middleware (TIBCO EMS) in 2002 and another goal for FedEx IT… “we have to be zero latency”.
Today FedEx deal with 2Bn transactions per day and 10+Petabytes of data. Robert said they “… need event decision capabilities”, and so are now moving to event-oriented systems (including TIBCO BusinessEvents). When you have a parcel travelling down a conveyor at 400ft per min (>120m per min) you definitely need to make your decisions fast!
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Sep
27
2011
I was curious that the gym managers at the Aria Hotel left the entrance open, but still asked you to scan your room card as you collected a towel and and water bottle. Well, MGM Resorts CIO Becky Wanta explained all in a keynote at TUCON - they are using (TIBCO) technology to gain the “deep knowledge” of customers to provide the “intimate experience” normally provided to only the casinos’” high rollers” (or “whales”). So they are tracking your every move in what they call the “inlife” immersion programme - allowing MGM to make better decisions for each customers.
It might sound like Big Brother, but if it means getting you the experience you want while in Vegas, why not?
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Sep
18
2011
I happened to be visiting a TIBCO CEP client in the banking industry last week when the UBS “trading fraud” story gained steam. Some of the smarter investment banks are using technologies like CEP to get a handle on risk management, which has been, and will always be, a significant area of interest for banks and their regulators. As far as CEP technologies go, risk management is usually concerned with trade-state management make rule-based approaches more interesting than the trade-stream approach typically used in automated trading systems (and hence the useage of TIBCO BusinessEvents rules technology in this space over the usual ESP stream processing engines).
Risk and governance are of course often seen as aspects of the problem: situation awareness and track and trace of trading events. I hear that at least one TIBCO customer for example is using CEP for Dodd-Frank reporting (also considered a TIBCO Hawk monitoring rule engine as well as TIBCO BusinessEvents CEP use case).
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Aug
09
2011
TUCON (the TIBCO user group taking place in September) has announced some impressive speakers for 2011 that are users of CEP technology: as usual these will be great use cases…
From the latest TUCON brochure we have:

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Feb
07
2011

An interesting use case from the travel industry came up in conversation recently: an airline decided to upgrade its fraud detection efforts to be real-time and event-driven. This exploited their existing analytical applications for fraud detection in areas like ticketing, but made sure the events fed to them and the responses from them could be correlated and actioned at the time of the fraud (rather than in a report after the event). Result: something like $12M savings in the first year.
Not bad. Perhaps TIBCO should change the “2 second advantage” catchphrase to something like the “$12M advantage”!
Hopefully this customer will publicly present this application (along with some of their other CEP applications) at TUCON this year…
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