Complex Event Processing:  A New Computing Model

Complex Event Processing, or CEP, is software technology that enables applications to monitor multiple streams of event data, analyze them in terms of key performance indicators that are expressed in event rules, and act upon opportunities and threats in real time, potentially by creating derived events, or forwarding raw events.  For example, an airline might process event feeds of flight positions and weather, monitoring, constantly analyzing and looking for conditions that provoke action, such as to propose a new flight route or rebook a passenger.