When you think about architecture, you picture the beautiful buildings that line your streets or the skyscrapers that are one hundred stories high in New York City. But when it comes to building a structure, physical buildings aren't the only things that need architects. Your software and technology systems require planning and creation as well. This is why you'll hear a lot about different forms of architecture within your business models or computer systems. These are the structures put in place for how you handle data and certain accounts.
With a heavy event stream coming in constantly, you need a way to process that information. Digital platforms allow you to collect more information than ever before. With those platforms, you also allow your customers to interact with you in real-time around the clock. You need to think of new ways to keep up with these heavy demands and to help with your scalability. This is where event-based architecture can make a huge difference for your organization. This structure allows you to get event notifications as soon as they happen rather than waiting for data to come pouring in. Stay on top of your organization with this technique.
What came before event-based architecture?
Previously, many businesses operated on service-oriented architecture which focused on data at rest. A request/response architecture would handle one task at a time and wouldn't be able to move on to other tasks even as they continue to pile up. This meant that you would wait for all the data sets and event channels to come in before you could analyze or understand the data, let alone act on it. It could take a long time to react to certain new events and customers may have gotten antsy. This programming model worked for a simpler time. Now with so many notifications every single second, you can't sit around waiting to act. This is why event-based programming and architecture just make more sense for a modern world.
Why is event-based better?
Let's look at a simple definition of event based architecture. It is a software design pattern that looks at important business moments in real-time and offers solutions on the spot. This allows for customers to interact easily with your website and for you to move on to different tasks without getting bogged down. Event-based architecture is asynchronous which means you can be dealing with many transactions and interactions at the same time. Any series of events can be dealt with on the spot without having to wait for another system to process. When an event triggers something, that response becomes automatic.
Let's look at an example of how this works for loan procurement.
This technology and architecture can apply to a number of different areas and businesses. Take the financial world, for example. There are so many different questions and specifics you have for your probate loans or estate home loans. As a borrower, you want to get your information as soon as possible. With event-based structures, you can ask a question about your inheritance or a probate advance and get answers right away. The architecture will be set up to understand your event stream question and tell you your exact qualifications as an heir who is investing in real estate. It helps take out the middle man and makes your process easier as a consumer.
What else can be defined as an event?
Event-based architecture relies on events, but what exactly qualifies? There are many types of events. Things like someone requesting a password change on a website, adding something to the cart, or completing an order. These will all trigger an immediate response for your company to help the process move along faster.
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