The goal of digital transformation remains the same as ever – to become more data-driven. We have learned how to gain a competitive advantage by capturing business events in data. Events are data snap-shots of complex activity sourced from the web, customer systems, ERP transactions, social media, IoT, streaming, and even from machine-generated data. By collecting and processing event data in real-time, managers gain situational awareness to make better decisions.
Data-driven applications enrich our understanding of business events because they leverage more data. To accomplish this, next generation apps that incorporate machine learning (ML) and artificial intelligence (AI) require schema flexibility and the ability to process very large amounts of data affordably.