The Power of Business Events
Updated: May 17, 2022
Event-Driven Architectures (EDA) are very much in vogue, driven by the Internet of Things, Big Data and Event-triggered Microservices. However, most of the articles on-line refer to the technical implementation and, more narrowly focused, IT/OT system events or GUI interaction events such as a 'Click Event".
What is an Event?
"The term "event" generally has two meanings. On one hand, it denotes a perceptible, real-world, occurrence, and on the other, its representation of "state" in a computer system. The latter is also called an "event object." The term itself is therefore ambiguous."
The focus of this article is the "business event," namely the status change within an organisation or the environment (e.g. Supply Chain or Customer Behaviour).
A Business Event Taxonomy - Why it's needed.
Taxonomy refers to how information is grouped, classified and labelled within a shared information environment. The term is derived from the Greek taxis (“arrangement”) and nomos (“law”).
1. Events (Event Objects) need to satisfy a number of generic requirements which require consistent meaning within the Enterprise (or extended-enterprise such that they can be: classified, searched, filtered, aggregated etc..
2. A clear and consistent definition of business events is required to take advantage of digital opportunities. Events underpin digital design patterns.