In the book we don't really talk about the misconceptions, but I think it is a good topic towards the end of 2009 to dedicate some postings towards the major misconceptions.
I'll start with misconception number 1: Event processing is a single-industry (some even say single-application) technology, and event processing software cannot generalize beyond this single industry/application.
The industry is, of course, capital markets, and the application is algorithmic trading
The diagram below is taken from the ebizQ customers survey (two years ago) about what are the business problems that they expect to solve with event processing, and the result is 9% indicated algorithmic trading.
- Border security radiation detection (Eventzero)
- Mobile asset geofence (Rulecore)
- Logistic and scheduling application (Starview)
- Unauthorized use of heavy machinery (Rulecore)
- Hospital patient and asset tracking (IBM)
- Activity monitoring for taxing and fraud detection (IBM)
- Intelligent CRM in banking (TIBCO)
- EDA and asynchronous BPM in retail (TIBCO)
- Situation awareness in energy utilities (TIBCO)
- Situation awareness in airlines (TIBCO)
- Reduce cost in injection therapy (IBM)
- Next generation navigation (CITT)
- Real-time management of hazardous materials (Oracle)
- Finding anomalies in point of sales in retail stores (CA)
- Elderly behavior monitoring (U. of Munich)