Apama: Fraud Detection and Heat Maps

January 2, 2008

A few days ago in Visualization Reloaded I touched upon the subject of heat maps.  In that post the application context was monitoring a massively parallel online gaming platform using a combination of event processing technologies by StreamBase and SL

Today, I was reminded of another heat map created by Progress Apama during a leisurely morning viewing of a Fox Business New video interview with John Bates.  This time the context is the detection of patterns of insider trading.  

Apama Heat Map

In this graphic above (click the image for a larger view) Apama uses a heat map to visualize suspicious trading activity in real time.   Also, you might be interested to know that the cool heat map in this use case is based on the event processing visualization platform by SL Corporation, similar to the heat map in this use case by StreamBase, Simultronics and SL.

Amazingly, in the Fox Business interview John mentions an interesting statistic.   During certain business situations, like mergers and acquisitions, experts have estimated that up to 30 percent of trading activity can be linked to insider trading.   The event processing goal, of course, is to detect fraud sooner than later, minimizing fraudulent market transactions and their influence on the market.

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Executives are Risk Adverse and Favor Large, Stable Companies

January 2, 2008

Marco Seiriö asks, To Integrate Or Not? And How? with an underlying message that he thinks it is unwise for RuleCore, as a CEP vendor, to spend development resources on integration and adapters.

I think most small companies in RuleCore’s position would make similar statements for a number of reasons, including Marco’s observation that they are resource constrained.

Unfortunately for these small companies, the flip side of that position is that large software companies with an event processing offering and a complimentary integration platform are favored by most large companies and government organizations.     Remember the old saying that goes something like, “An executive has never been fired by hiring IBM!”   This tongue-in-cheek perspective mirrors the risk adverse position of most company executives.

If you are an executive in a large company you tend to want less contracts to manage, less software licenses to negotiate,  and less companies to try to integrate.   You want large stable companies who will still be in business in 5 years.   You want companies with a proven track record that are part of a larger business ecosystem.   You want companies with a strong professional services organization.  You want companies that can survive the “an executive has never been fired for buying IBM” test.

There are only two companies that fit the executive litmus test that have referenceable customers in the CEP/EP space.  Therefore, it is not by accident that the same two companies happen to be at the top of the list of CEP/EP Reference Customers 2005-2007.