Business modeling based on events caught through business data, and responding actions

The new way of business modeling for businesses handle IoT and Bigdata

Abstract

Previous way of model businesses from static process models is no more effective nowadays, where enormous data like IoT or Bigdata is produced and should be properly handled.
To solve the situation, new way of modeling business, which catches Business Events ( the business situations should be taken care of ) through data and present actions needed dynamically, is needed.
Business Event Management enables us to model businesses from view point of Business Event and Action, and provides the way to handle businesses dynamically and quickly.