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BAM will result in increased revenue or cost savings says Gartner |
In the Gartner report “Hype Cycle for Investment Services, 2006” they identify the most significant change in the business priorities for financial services CIOs as the rising importance of “faster innovation," and business activity monitoring (BAM) is the most significant technology for achieving this goal, they say.
BAM drives this innovation by detecting events, filtering them and triggering business process management (BPM) solutions.
“Business activity monitoring is the only technology in the Gartner
Hype Cycle rated as high impact (enables new ways of performing
vertical applications that will result in significantly increased
revenue or cost savings for an enterprise) and capable of reaching
maturity in less than two years,” said David Furlonger, managing vice
president at Gartner.
“The investment services industry is in the forefront of adoption of
BAM and, in particular, low-latency complex event processing (CEP),
given the need of some investment services firms — such as hedge funds
and others that perform a high volume of automated trading — to analyze
high volumes of streaming market data and transactional flows, often
with sub-second latency,” said Mary Knox, research director at Gartner.
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