business activity monitoring (BAM)
With Business Activity Monitoring (BAM), companies can gain an overview of business-relevant processes and workflows. Business Activity Monitoring is a synthesis of Enterprise Application Integration(EAI) and Business Intelligence( BI).
Business Activity Monitoring can display operational and business transactions in real time, enabling business owners and managers to get a direct overview of business processes. The core functions of Business Activity Monitoring include event management( EM) and alerting.
Business Activity Monitoring is used in Business Process Management( BPM) and is used in security management for credit card transaction monitoring and fraud prevention, as well as for forecasting exchange rates and stock prices, oil prices and other volatile trading values.