Blog and News
An Event-Driven Enterprise Approach for the Modern Enterprise
Most business leaders today aspire to build event-driven enterprises to make information systems more responsive, real-time, and scalable. However, many executives have questions about how to get started, overcome challenges, and implement event streaming infrastructure in their businesses. Here are the steps that can be taken to become an event-driven enterprise.
Obsolete Technological Infrastructure Stagnation
The vast majority of companies have utilized the same technology for years in ecosystems as diverse as on-premises data centers, offices, manufacturing-only floors, and store locations. This lack of compatibility and connectivity to the obsolete technology infrastructure causes enterprise systems and applications to interact densely. These constraints lead to stagnation in two areas that hinder innovation and responsiveness across all business operations. The two aspects consist of the following:
Rigid Systems and Complex Interactions
The incompatibility will make it more difficult for companies to integrate new applications and systems into their business infrastructure. Consequently, it takes a considerable amount of time to modify the process and scale of the system to accommodate the ongoing changes in business requirements.
Inaccurate Data and Slow Response
Important business events, such as declining transactions, increasing site visits, and the addition of new customer shopping lists, are only accessible upon request.
Companies require the information to adapt to shifting market trends and consumer preferences.
Attempting to accelerate the distribution of information to more systems typically results in scalability issues that enterprise data storage systems cannot accommodate.
Steps to Becoming an Event-Driven Enterprise
Enable Streaming Events on Existing Systems
The ﬁrst step is to enable event streaming technology for all information processing and analysis applications and systems.
This step aims to obtain streaming data between legacy systems and microservices, analytics, and SaaS.
Streaming events enable companies to obtain real-time consumer data, provide more responsive customer service, identify operational issues, and make the most informed decisions possible.
Modernization of Platform to Support Event-driven Enterprises
Modernize the platforms so companies can leverage cloud infrastructure to create more adaptable microservice.
Integrate with SaaS applications that do not require manual management and use a cloud platform that supports machine learning, analytics, and additional functions.
Informing Internal and External Stakeholders Regarding Event-Driven Enterprise
Explain the company’s event-driven architecture and its benefits to its business partners, suppliers, and customers.
The following are examples of event-driven infrastructure’s benefits:
- Real-time interaction between manufacturers and suppliers to maintain more accurate and current supply chain data.
- When there are a change, packaged-goods companies that immediately send their distributors the most up-to-date product catalogs.
To optimize business in real-time, PhinCon, a subsidiary of the Phintraco Group, supports the initiation of event-driven enterprises. Our event streaming solutions incorporate this support. The event streaming solution from PhinCon can manage massive data streams in the cloud, on-premises, and even IoT.
For additional information, please email [email protected].
Related article: Benefits of Microservices to Drive Innovation in the Digital Era