Provided by: University of Calgary
Topic: Big Data
Date Added: Jan 2011
A promising approach to managing business operations is based on Business Entities with Lifecycles (BEL's), i.e., key conceptual entities that are central to guiding the operations of a business, and whose content changes as they move through those operations. A BEL type includes both an information model that captures, in either materialized or virtual form, all of the business-relevant data about entities of that type, and a lifecycle model, that specifies the possible ways an entity of that type might progress through the business by responding to events and invoking services, including human activities.