As consumers we now take for granted that we can obtain instant access to information. One example is online retailing. We expect to be able to go online, search a store for a particular good (perhaps after using a price comparison site) and find out whether any inventory currently exists. That\u2019s a remarkable change from the days where an order might be submitted blindly and it would take \u201cup to 28 days for delivery\u201d. As I've written before from my own invovlement, think of the way that consumers access airline information: passengers can view up-to-the-minute changes in ticket pricing, view and change seats and check-in as well as obtain live information on expected arrival times. Tracking a parcel is another example \u2013 again something we now take for granted. Social media status updates are very real-time oriented. This ability for us to see and change such information ourselves, instantly, is now pervasive. And it\u2019s become so only quite recently. It was in May 2009 that Facebook launched streaming status updates.\nAs consumers we\u2019re used to the kind of information visibility described above. It can therefore be surprising that so many businesses appear to be behind the adoption curve and have difficulty in obtaining the continuous business visibility they need. To disclose my own interest, my organisation, Progress Software commissioned some research by Vanson Bourne towards the end of 2009. The research asked 400 business and IT leaders in large US and European companies in many different sectors about their attitudes to a whole range of IT-related issues. The results on the topic of real-time information were particularly revealing;\u00a0 94 per cent of respondents stated that \u201caccess to real-time information was critical to their business\u201d.\u00a0 However when asked whether they were currently able to access information in this way, only eight per cent said they could. This shows an enormous disparity between aspirations and reality.\nNowhere is this disparity more obvious, and more important than in financial services. Organisations such as investment banks and hedge funds have in fact embraced real-time technology. They are using Complex Event Processing (CEP) to respond to events that are occurring in the market and to trade automatically. This has led to higher trading volumes and faster moving markets. Advantages of this such as higher productivity for traders and more liquidity in the market are widely acknowledged. In a fast moving market however there are dangers when unexpected things occur. On the 6th May 2010, the Dow Jones index suffered a very sudden and sharp fall. One of the reasons cited for this occurring was that a trader entered a \u201cfat finger\u201d trade where the wrong price or amount was entered. A simple case of human error. The wider point here is that key organisations in the trading process such as banks, exchanges and regulators don\u2019t have the right real-time information available to be able to not only understand what exactly is going on, but to prevent situations such as this occurring in the first place. Too often, information is available to these organisations afterwards, when actually it\u2019s too late to do very much about it.\nThere are analogous situations in other industries. Take mobile telecommunications firms for example. There is a continual battle for customer retention and to provide good customer service in a largely commoditised industry. Telcos want to be able to more responsively interact with their customers to, for example, be able to offer more personalized tariffs. Telcos typically do analysis on how someone has used their phone retrospectively and send a letter with a suggestion \u2013 perhaps to change to a tariff more suitable for international calls. What telcos would like to do is to be more responsive. If a sequence of international calls is seen within a relatively short amount of time then text the end user offering them the upgrade. The user will be far more likely to take the offer up. I recently spent a day at one of the top five European banks. On a daily basis they are dealing with mortgage and loan applications through multiple channels \u2013 branches, the Internet, phone etc. \u2013 and want to ensure that these are prioritized appropriately and also are processed in a timeframe that meets the expectation of the customer. This bank is currently going through deployment of real-time event processing technology to give them a continuous view of this process, so exceptions can be dealt with immediately and work prioritised. Remarkably, prior to this, management relied upon end-of-day faxes to keep them appraised \u2013 hardly effective when financial and quality objectives are set on a weekly basis.\nHaving a \u201crear-view mirror\u201d approach to information is becoming unacceptable. It means that customers are poorly interacted with, that faults in processes are not identified quickly therefore leading to extra costs to fix them and in some cases product competitiveness fails as firms can\u2019t respond adequately to what is happening around them. This seems to be recognized, at least in part, as illustrated by those 94 per cent of survey respondents mentioned above. There\u2019s lots of work to do to bridge that gap between the reality and the vision.