Adaptive complex event processing based on collaborative rule mining engine

Complex Event Processing (CEP) detects complex events or patterns of event sequences based on a set of rules defined by a domain expert. However, it lowers the reliability of a system as the set of rules defined by an expert changes along with dynamic changes in the domain environment. A human error made by an expert is another factor that may undermine the reliability of the system. In an effort to address such problems, this study introduces Collaborative Rule Mining Engine (CRME) designed to automatically mine rules based on the history of decisions made by a domain expert by adopting a collaborative filtering approach, which is effective in mimicking and predicting human decision-making in an environment where there are sufficient data or information to do so. Furthermore, this study suggests an adaptive CEP technique, which does not hamper the reliability since it prevents potential errors caused by mistakes of domain experts and adapts to changes in the domain environment on its own as it is linked to the system proposed by Bharagavi [10]. In a bid to verify this technique, an automated stocks trading system will be established and its performance will be measured using the rate of return.