Panopticon Software the provider of visual data analysis software for real-time, CEP and historical time series data, has announced that its new 5.9 release includes a new data connector for Oracle Complex Event Processing (CEP). This allows Oracle customers to utilize Panopticon's interactive dashboards as the user interface for their CEP-enabled analytical solutions.
Oracle CEP, coupled with Oracle Coherence, processes multiple event streams, including market data, to detect patterns and trends in real time. It aims to provide traders and managers with the visibility they need to capitalize on emerging opportunities or react to prospective risks. Oracle CEP can enable decision making based on large amounts of rapidly-changing data and has applications in financial services, telecoms, utilities, retail, and energy.
Panopticon's data visualization software incorporates StreamCube™, a real-time OLAP data model that allows it to support visual analysis of time-series data and real-time streaming feeds emanating from Oracle CEP. By connecting and federating data from real-time streaming data sources, traditional data warehouses and tick databases, Panopticon enables its customers to interact with relevant information in their data environments.
According to Chris Elsmore, Senior Vice President for Panopticon, "Sophisticated visualization with a real-time capability has emerged as the next frontier in CEP as it provides business stakeholders direct insight into data and processes. The combined value proposition is resonating well with our capital markets customers who want to combine the speed and flexibility of Oracle CEP with Panopticon's visual data analysis capabilities. We are pleased to have the opportunity to work with Oracle, a company that has clearly positioned itself as a category leader in the rapidly evolving CEP sector."