Name: TIBCO BusinessEvents
Rating: 6.3 (51 reviews)
Author: TIBCO Software Inc.

Help Desk

Web and Video Conferencing

Customer Support

Cross-Browser Testing

PHP Frameworks

Development

Learning Management

Education

Business Intelligence (BI)

Collaboration

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Enterprise Content Management

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Payment Facilitation

Enterprise

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Blockchain Payments

Cryptocurrency Wallets

Hedge Fund

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Corporate Learning Management

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Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Change Management

Cloud Storage

Embedded Database

Endpoint Security

Fraud Detection

Function as a Service (FaaS)

Graph Database

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Translation

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Auction Software

Customer Relationship Management (CRM)

Headless eCommerce

Lead Management

Sales Incentive Compensation Management

Sales

Data-Centric Audit Protection (DCAP)

Database Security

Operational Technology (OT) Security

Security

Aviation

Civil Engineering

Computer-Aided Manufacturing (CAM)

Healthcare Learning Management

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Vertical-Specific

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TIBCO BusinessEvents

Complex event processing (CEP) software help a user make conclusions from data drawn from disparate streams of information (or an event cloud), with the goal of discovering hard to find opportunities or threats from high-volume, rapidly-occurring data spanning departments and many different sources. It is used for operational intelligence. CEP is a superset of ESP (event stream processing).

Complex Event Processing

Likelihood to Recommend

TIBCO Software Inc. is a global leader in infrastructure and
business intelligence software. The company says that whether it's optimizing
inventory, cross-selling products, or averting crisis before it happens, it
uniquely delivers what it refers to as the Two-Second Advantage® –
the ability to capture the right information at the right time and act on it
preemptively for a competitive advantage. Additionally, the company says it is
the strategic technology partner trusted by businesses around the world due to
its broad mix of innovative products and services. 


The company also says they are committed to flawless execution
and delivery, and take pride in helping their customers thrive in today's
challenging environment.

TIBCO Software Inc.

TIBCO Integration (including BusinessWorks and Flogo)

Track & Trace

TIBCO Specialist

TIBCO BusinessEvents 2018-01-12 08:44:49

Domain Architect

TIBCO BusinessEvents 2017-11-21 10:41:06

TIBCO BusinessEvents 2018-09-01 22:13:04

TIBCO ActiveSpaces

TIBCO Messaging

Anaconda

TIBCO BusinessEvents 2018-11-20 12:27:43

Apache Cassandra

TIBCO BusinessEvents 2018-01-19 18:36:14

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Ad hoc

Machine learning

Deep learning

Business rules

Light weight

Create rules

Java code

Public cloud

Additional functionality

Faster processing

Rules engine

Rule sets

Rule based

Fraud detection

Memory data

Easy to expand

Make decisions

Drill down capabilities

Send an email

Authoring tools

Home

Complex Event Processing Software

We have been using TIBCO Business Events in our organization for ensuring adherence to compliance and detect any frauds. There are large volumes of data and TIBCO Business Events helped in applying appropriate rules that trigger events when any anomaly is detected. This helps to meet the compliance standards that have been set and mitigate risks if any.

Trigger alerts
Automate response
Faster decision making
Works on large volumes of data

Can be difficult to learn at the beginning
Can be more user friendly
Expertise is needed to deploy and maintain

Faster application of business rules leading to faster actions
Easily scaled up for in-memory processing large volumes of data hence improving performance
High cost of ownership making it look expensive in the initial use
Easy to integrate with TIBCO product suite

GitHub Copilot, Power Apps, Microsoft Power BI, Google Gemini

In the actual project, TIBCO BusinessEvents is being used as correlation engines. Its purpose is to collect metadata about service requests and responses across the Service Backbone, correlate them, and provide statistical information about deployed services, such as the number of hits for each service operation, successes and faults, average latency, and so on. All these information are then delivered to another component to be persisted and then read from a GUI. Thanks to this statistical information about the deployed services, the user would be able to figure out the health of the system, create business monitoring rules, and act immediately whenever unexpected patterns appear.

One of the simplest use of TIBCO BusinessEvents, is for "Condition Detection" scope. Let's assume we like to monitor business services or our corporation, and create monitoring alerts whenever certain conditions are reached. For example, a monitoring rule could be: "when a service call receives more than 80% of fault responses within a minute, generate an alert (send an email)".
In this scenario, TIBCO BusinessEvents offers a very powerful rule engine. In the rule engine will be defined all the monitoring rules, and their threshold. The rule engine will receive events with statistics information about service calls, eventually correlates and aggregates those message, and when particular condition are detected by the defined rules, an alert is generated
One interesting capability of TIBCO BusinessEvents, is to recognize situation. One example over all, could help to understand the "Situation Recognition" scenario: the Bank Fraud detection.
Let's assume a bank would like to define a solution to identify when a credit card fraud is in act. Now, a simple use of the credit card by its owner, most probably, is not a fraud. So the system should avoid to raise alert every time. But the system should be able to recognize certain suspicious conditions, as for example when the credit card has been used for purchase in a shop in Italy, and after a pair of hours in one store in USA.
This means that one single event (usage in Italy) is not enough to define the fraud, but the system is able to keep the event, and process it once others events arrive, in order to recognize suspicious situation.
One particular pattern, where TIBCO BusinessEvents would be very helpful, is for Track and Trace patterns.
Let's consider an aviation company, that needs a process to follow customer's baggage. The customer drops off his baggage at airport, a bar code is assigned to it, that belongs to the owner. The baggage should follow a route to reach the target airplane, be loaded on the airplane, once arrived at destination unloaded and sent to the correct belt to be collected by its owner.
All the steps above, con be modeled with a state machine, where the baggage change its state at each passage under a bar code reader for example.
This solution would allow companies to track baggage from the beginning (when customer drops the baggage at counter) to the end (customer collects his baggage at destination), and establish any problem during the path.

TIBCO BusinessEvents offers really several features, many way to customize and adapt it to own requirements. One interesting feature is the opportunity to create Rules, at runtime, by an user that is not developer, using rule templates.
This feature, well implemented and with few interesting addon, has an architecture not very simple.
For example, we have a Business Monitoring component, where the business user can define his monitoring rules, the rules are persisted on DB, and picked up at any time by another component.
The component that reads the rules from the DB is not a rule engine, this means that is not performing very well for this scope, and also it needs each time to retrieve the rule to execute from the Database.
Our intention is to substitute this last component with TIBCO BusinessEvents, in order to use the power of the rule engine. But, to create the rules, there is a new mechanism, that should be integrated with the existing GUI, and more else, the rules are persisted on file system.
There is no way for the developer to auto create the rules internally, and enable them in the working memory, for example generate the rules from entries on a database, and create the rules directly in the working memory.
The existing solution injects the new rules in the working memory from outside.

TIBCO BusinessEvents, whenever it was used consciously, gave a big improvement to the projects, solving complex problem not easily solved otherwise.
Same solutions, realized in technologies as Java or TIBCO BusinessWorks, could require an effort of 40% more in terms of time or realization, compared with a BusinessEvents.
And in terms of performance, we have had a comparison of a solution where monitoring rules had to be executed, developed with BusinessWorks and BusinessEvents.
The BusinessEvents showed a capacity to perform up to 15x time faster, with the same load work

It is used across the whole organization addressing problems spanning from R&amp;D to financial analysis.

Dashboard for real-time analysis
R-scripting, although the R editor could be improved, there are syntax inconsistencies between R-studio and R-opensource in TSSS
Basic statistics and drill down capabilities

Better integration with R versions and better debug for R-scripts in Spotfire. There are inconsistencies in syntactic expressions accepted by R-studio and not accepted in Spotfire. Accelerating the debug would be awesome. Having a command like View (data frame) that directly output in the dashboard would be a great accelerator.

Positive: dashboard is very informative and extremely powerful
Negative: we need to have more capability for data integration - OR for prototyping data integration and analytics, without resorting to something complex and big like StreamBase (which is truly amazing) but requires too much specific knowledge for industrial application. something easier to learn would be great. for example, I was able to learn KNIME and prototype a solution in a week. But StreamBase is too complex.

Associate Principal Scientist | Process Analytical Technology

It replaces the current legacy fraud operational system. We incorporated a number of producers of real-time events (e.g. web UI claims process and RSA Web Threat Detection). TIBCO BusinessEvents (BE) is the consumer that runs a set of rules against those events to determine the next steps in the claims process.

Great event driven engine with a rich event model
Provides ability to use Web Studio to generate basic rules that will drive the outcomes
Allows for Java implementations of other rule sets
Has in-memory caching abilities

We had to write our own business rules interface that matched how our previous systems operated. Web Studio has gone through some great changes but in that time we have made a decision to move to Kafka, Kinesis, and Spark for our events streaming solution in AWS.
We did not modify our business process flow to take advantage of BE. If you are not truly running an adaptive business process effort, then BE could be overkill.

Online training
In-person training
Self-taught

We are able to stay on top of major threats to our claims process
We have been able to at least help the business understand what an adaptive business process can do for them

We use BE across our entire enterprise and it ensures our quick delivery of complex business ventures and new business intiatives.

Business driven interactions with our enrollment engine.

BE and BW usage need to be clearly defined and lines drawn

TIBCO BusinessEvents

Overview

What is TIBCO BusinessEvents?