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Event-Driven Technology

The ability to recognize , respond to , and capitalize on business events is , according to Gartner , increasingly central to the success of digital businesses . Business events “ reflect the discovery of notable states or state changes , such as completion of a purchase order ”. By using new Artificial Intelligence and Internet of Things technology , digital businesses can analyse these events in shorter amounts of time , allowing Event-Driven technology to take advantage of the data . Event-Driven technology , according to BBVA , takes the form of “ automatic decision making processes within a business , triggered by a series of pre-established events … given a situation ‘ x ’ in a specific context , systems must be capable of activating ‘ y ’.”

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