Value of EDA

Link to a presentation given on EDA by K. Mani Chandy of Cal Tech: http://complexevents.com/?p=93

He introduces a strategy he calls BAM++ which makes a lot of sense:

-snip-

“Here’s a strategy that will work for many of your enterprises. I call it a BAM++ strategy. The idea is to start with BAM and then add a function: determine if reality deviates from expectation.

The value proposition is that instead of having the business user, say the CFO, continuously monitor the portal, the EDA system will monitor the portal for the user. When something significant happens then (1) alert the appropriate people, and (2) bring links to the appropriate tools into the portal with links to the appropriate data, so that the business user can immediately respond to the threat or opportunity.

The value proposition here is the attention amplifier. This helps the business user amplify his/her attention, and respond rapidly with appropriate tools when a situation arises.

The advantage of the BAM application is that the sensor data — the data that identifies reality — is already present; it’s sending data to the portal. So, you don’t need to connect to new data sources. Secondly, the issue of error is already understood. If the data shows up in the portal, it is sufficiently accurate to be useful. Thirdly, improving BAM seems less radical than developing an event-driven application.”

-snip-