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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

(1-2 of 2)
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November 28, 2018

TIBCO BusinessEvents - Enterprise Level Rule Engine and Event Hub

Verified User
Strategist in Information Technology
Package/Freight Delivery Company, 10,001+ employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Use Cases and Deployment Scope
Our company has a long history of using the TIBCO family product, previously we majorly used the TIBCO BusinessWorks to build the data flowing and adaptation back-end process, together with the TIBCO EMS. In recent years, together with the TIBCO ActiveSpace, TIBCO BusinessEvents has been introduced into the IT department, aiming to further strengthen our efforts to leverage the "event-driven" architecture to better support our increasing real-time business decision making demand due to business expansion. TIBCO BusinessEvents has become the core technology stack of our company's Enterprise Foundation Service
Pros and Cons
  • It allows us to build rule-based model-driven application, to collect, filter, analyze, correlate various business events in our real-time event flow
  • It makes various business applications/components easy to integrate (loosely decoupled but chained via the events flow) together
  • Its distributed rule engine and embedded in-memory data grid (ActiveSpace) gives us a lot of flexibility and room to play with a large amount of rules and data with high performance
  • Due to some technical limitation of the embedded ActiveSpace, when the application is deployed in the multiple data-centers with distance, the data/event sharing across the data centers become very challenging
  • More machine learning and deep learning features could be added to help business further use the real-time event flow more efficiently, to support the pattern recognition and condition self-learning mechanism
  • More focus could be added to better integrate with public major cloud services
Likelihood to Recommend
BusinessEvents is not very well suited for Cloud native solutions, but it is suitable for traditional enterprise self-maintained data center deployment. And it gives the business the power to define/modify/update the business rules, in a visualized way, instead of asking IT team to maintain them. Generally speaking it is a very comprehensive rule engine solution, but not suitable for "hook on" some other complex computation/data processing logic
Training Types Used
  • Online training
  • Self-taught
Kick-off training is very helpful to quickly build prototype, while self-learning is very good for developer to gradually master the platform
Return on Investment
  • It speeds up the information integration and digesting process, helping our business quickly identify the key business events and response to that in time
  • However, we also found out that BusinessEvents can be difficult to deploy and scale, without knowing the extensive knowledge and a lot of inner workings tricks, which slows us down for more widely and quickly grow our application's footage
  • BE consumes too much hardware resources, plus with its own license fee, it is not a cheap product, financially speaking
Alternatives Considered
We used TIBCO BW so as successor, we start using TIBCO BE. We use also EMS for our messaging bus, and ActiveSpaces as large in-memory data cache, and Spotfire gives us to present and visualize the analyzed data.
Other Software Used
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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