The Role of Event Processing in Modern Business. In eBizQ, 30 July 2007. By Dr. K. Mani Chandy, Simon Ramo Professor of Computer Science, California Institute of Technology and Roy Schulte, Vice President and Distinguished Analyst, Gartner, Inc. Almost everyone wants to have an adaptive enterprise, a company that runs faster and smarter because it has "situational awareness," can "sense-and-respond" to opportunities and threats, and can "track-and-trace" items as they go through their life cycles. What do these three capabilities have in common? They are all achieved through event processing.