Event management is all about IT teams holistically listening to alerts from their applications and infrastructure so they can detect service failures before users (or the business) complains. Back in the 90s – when applications and infrastructures were monolithic, static and relatively simple – the purpose of event managers was to collect and display events as they occurred in something called an “event console” (dashboard). Anomalies would often be detected using static threshold rules, or some kind of basic filtering that would be defined by IT Operations.

Read More Here.