Sunnyvale, CA, March 20, 2014 – Vitria Technology, Inc., a leading provider of streaming analytics and business process management solutions, today announced it has been positioned by Gartner, Inc. in the “Visionaries” quadrant of the “Magic Quadrant for Intelligent Business Process Management Suites1.”
The report states that “iBPMSs address the increasing need of business managers to react quickly to events that impact their business, and to gain better insight into business operations so that they can take the right corrective actions.” According to the report, regarding Process Intelligence and Business Activity Monitoring (BAM), an iBPMS provides active analytics via process intelligence and BAM to facilitate all of the following:
- Continuous intelligence (including monitoring, alerting and maintaining context awareness).
- Monitoring metrics related to processes (interactions and resources) coordinated by the tool’s orchestration engine.
- Interactive monitoring dashboards, detecting threats, opportunities and other anomalies, which raise alerts for at-risk process instances and activities
- Automatic trigger responses to threat and opportunity situations through messages, service calls or other interfaces.
- Ability to log process and/or other events into a process performance warehouse/audit trail or event log.
- Data intelligence BAM, including adapters to capture events from outside of the iBPMS process orchestration engine. In addition, continuous analytics are also required to display key performance indicators (KPIs) and other metrics on business dashboards, and also to send alerts and trigger responses.
- On-demand analytic capabilities (that is, services that run on request to help a person, application or device make an informed decision), as well as offline tools to simulate”
Dr. Dale Skeen, Vitria’s Co-Founder and CTO, said, “Businesses have to fundamentally change the way in which they detect and address opportunities and threats. By unifying streaming analytics and business process management capabilities into a single solution, we provide our customers with the critical infrastructure for uncovering, analyzing and acting on real-time insights – in time to make a difference.”
