Everyone who follows The CEP Blog and my vision for the business use of CEP understands how much energy and passion I have put into explaining why the crude time-series analysis of streaming data cannot possibly solve the vast majority of complex business problems CEP must address.
TIBCO’s acquisition of Insightful shows just how serious TIBCO is about working to make the vision of “Predictive Business” a reality. TIBCO means business, and a large part of what that means is helping customers solve their most challenging business integration problems, which can be summarized in CEP-speak as detecting opportunities and threats, in near real-time, as a core corporate competency.
If you spend a few moments on the Insightful web site, you will find a treasure of documentation that discusses a gold mine of advanced statistical analytics that can be used in a number of mission critical applications.
This is the class of analytics that form the backbone of complex event processing. In fact, as I have often pointed out (to the dismay of some of my CEP colleagues), any software company that discusses CEP and does not support or advocate advanced analytics are selling snake oil. TIBCO obviously understands the difference between snake oil, smoke-and-mirrors marketing, and the technology it takes to solve real operational problems.
My hats off and warm congratulations to the team in Palo Alto for demonstrating, yet again, why TIBCO is committed to solving real customer problems with realistic solutions.
Maybe TIBCO will evolve to mean “The Insightful Business Company” versus the tired and stale “The Information Bus Company” of yesteryears?
Disclaimer: I have not been an employee of TIBCO for over a year.