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TIBCO BusinessEvents

TIBCO BusinessEvents

Overview

What is TIBCO BusinessEvents?

Enterprises are surrounded by hundreds of thousands of events that occur continuously. Hidden amongst them can be stalled business processes, opportunities for value creation, potential fraud, dissatisfied customers, failing equipment, and more. TIBCO BusinessEvents® proactively identifies these critical events, responds…

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Recent Reviews

BE is a must!

8 out of 10
September 05, 2018
Incentivized
We use BE across our entire enterprise and it ensures our quick delivery of complex business ventures and new business intiatives.
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TIBCO BE Product Review

5 out of 10
January 18, 2018
Incentivized
Currently, Fraud department in my company uses Business Events, to run rules to detect fraud based on certain data points and internal …
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BE isn't really worth it

2 out of 10
November 14, 2017
Incentivized
Tibco BusinessEvents is being used by several groups across the company in non-legacy projects. It was supposed to be the business rules …
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

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Product Details

What is TIBCO BusinessEvents?

Enterprises are surrounded by hundreds of thousands of events that occur continuously. Hidden amongst them can be stalled business processes, opportunities for value creation, potential fraud, dissatisfied customers, failing equipment, and more. TIBCO BusinessEvents® proactively identifies these critical events, responds intelligently in real-time to navigate the fast-moving business environments and optimize outcomes.


Decision-making in businesses requires a comprehensive understanding of various event types, ranging from historical, current, and expected yet absent events. TIBCO BusinessEvents® provides contextual Event Processing.


TIBCO BusinessEvents® enables businesses to handle vast volumes of events that large, complex businesses encounter daily, satisfying the rigorous demands of today’s high-traffic business environment, and is designed to provide the essential capability of an event-driven architecture (EDA).

TIBCO BusinessEvents Features

  • Supported: Enterprise-scale event throughput
  • Supported: Event Processing from broader contextual information using multiple approaches
  • Supported: Streamlines a complete EDA rollout

TIBCO BusinessEvents Competitors

TIBCO BusinessEvents Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows, Linux, Mac
Mobile ApplicationNo

TIBCO BusinessEvents Downloadables

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Comparisons

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Reviews and Ratings

(49)

Reviews

(1-3 of 3)
Companies can't remove reviews or game the system. Here's why
January 18, 2018

TIBCO BE Product Review

Verified User
Professional in Information Technology
Insurance Company, 10,001+ employees
Score 5 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
Currently, Fraud department in my company uses Business Events, to run rules to detect fraud based on certain data points and internal calculations. We heavily use BRMS functionality to dynamically create and deploy rules on ad-hoc bases.
Pros and Cons
  • BE does inferencing part very well
  • Correlate a lot of data streams and make decisions on very minute scales.
  • BRMS functionality with hot deployment should be improved a lot
  • As everyone is moving towards cloud, BE should easy have docker support and should be able to move dockers easily to cloud env.
Likelihood to Recommend
Business Events is well suited for the scenario where you want to use the product just as a rule engine instead of making a lot of other heavy calculations inside business events engine.
Training Types Used
  • Self-taught
Not much impacts as training provided by tibco is very basic.
Return on Investment
  • TIBCO Business Events is the heart of our Fraud Engine. So it does impact our ROI heavily.
Alternatives Considered
As we have otherTIBCO products, also integrations with other services are very easy with EMS support, we have selected Business Events.
November 06, 2017

A real Fast Data Engine!

Verified User
Engineer in Engineering
Information Services Company, 1001-5000 employees
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
For enrollment validations, we used:

  • BusinessEvents (BE) was acting as a rules engine to perform some initial set of validations, transformations, computations, and also acting as a control flow management engine.
  • We used BE's state diagram to specify what process or rules to apply and behavior was specified as declarative rules.
Pros and Cons
  • It does not require major implementation effort to address major business issues.
  • Works well as a rules engine with process orchestration capability.
  • Focused on handling only light weight, ad-hoc processes.
  • The designer should be more easy to use (like TIBCO BW).
Likelihood to Recommend
BusinessEvents is very useful in all scenarios where there is a need to respond quickly to events.
Training Types Used
  • Self-taught
Return on Investment
  • Most of the existing resources were Java trained, so they could start working with BusinessEvents without a huge learning curve
September 07, 2016

TIBCO BusinessEvents- Processing rules faster

Verified User
Project Manager in Information Technology
Insurance Company, 1001-5000 employees
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
For enrollment validations, we used:
  • TIBCO Business Events (BE) as the container, delegating to TIBCO BusinessWorks for interfaces to existing systems/extracting data as required for event processing.
  • BE was acting as a rules engine to perform some initial set of validations, transformations, computations, and also acting as s control flow management engine.
  • We used BE's state diagram to specify what process or rules to apply and behavior was specified as declarative rules.
Pros and Cons
  • Works well as a rules engine with process orchestration capability.
  • Maintains the state as the process goes through various stages.
  • Well defined state diagram that specifies what process or rules to apply and behavior is specified as declarative rules.
  • Needs a more user friendly interface to modify business rules.
  • Focused on handling only light weight, ad-hoc processes.
  • Not a rapid application development tool. Most of the time developers end up writing Java code.
Likelihood to Recommend
  • Best suited for collecting data from various sources, understanding the meaning of this data and its context and identifying and acting on a critical business moment for mostly light weight, ad hoc business processes.
  • Not the best choice where business rules are constantly changing/will require a lot of maintenance post production or where business users need to maintain rules.
Return on Investment
  • Using Rules Engine provided a consistent interface for logic evaluation to different users
  • Java based platform provided easy integration capabilities with existing system
  • Most of the existing resources were Java trained, so they could start working with BusinessEvents without a huge learning curve.
Alternatives Considered
You need a full orchestration suite to perform pre-enrollment checks before storing [them] into the system of records. TIBCO BusinessEvents was bought along with TIBCO BusinessWorks (BW) to design the end to end flow for member contract processing. We were able to get down the processing time to 12 seconds and were also able to increase the first pass rate.
Other Software Used
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