In-Memory Databases & Complex Event Processing: The Rise of Real-Time Computing with Predictive Analytics

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Conference Proceeding

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Recent trends in Enterprise Resource Planning revolve around the ability to provide powerful Business Intelligence reports in order for managers to make informed and timely decisions. Because of this trend, new technologies such as in-memory databases (IMDB) and complex event processors (CEP) have recently gained ground. The information contained herein outlines the nature of both technologies, while providing measures of performance. Also included are descriptions of several key vendor offerings within the realm of in-memory and complex event processing. Both technologies offer distinct enhancements to current ERP systems. The scope of this review is best served by explaining IMDB and CEP independent of each other, then describing how they can be used in tandem to enhance firms in various industries.