What is event sourcing and how does it benefit industries?

Event sourcing is a software design pattern that focuses on recording and preserving any changes to the state of an application as a series of events. Instead of storing an application's current state, event sourcing saves an event log or journal that describes each state change.

The state of an application is obtained through event sourcing by replaying and analyzing these events in the sequence in which they happened. This allows you to reconstruct an application's state at any time by applying the events in sequence. By storing events rather than the present state, you get a complete audit trail of how the application's state has grown over time.

Putting event sourcing to use in the real world

The usual method in a financial application, for example, is to have a database; when a transaction is to be made, the program connects to the database, reads the account statement, and applies the changes as income or withdrawals.

With event sourcing, this process is not handled with the current state, but everything is derived in events. For example, instead of going to the database and modifying the account, the system issues an event with the details of this transaction, and the systems "interested" in this event will react and process the transaction.

Each transaction is classified as an event, and the program will explore each event to, for example, see the history of an account. It may appear to be extra effort, but the firm or client will have a history of everything that occurred as a security mechanism in case the database fails.

The advantages of adopting event sourcing for industries

Event sourcing has various advantages:

• Historical audit: Because all events are saved, you have a complete history of how the application's state has changed over time. This is useful for audits, compliance, and troubleshooting.
• Time travel: You can rebuild the app's state at any time by replaying occurrences. This enables you to do temporary searches and analyses, as well as support features like "undo" and "revert" procedures.
• Performance and scalability: Storing events as an append-only log allows for easy scaling and distribution of event processing. It also allows for the effective management of concurrent changes while reducing conflict on shared resources.
• Because events are discrete actions, you may expand your application by adding new event kinds or changing event processing logic without affecting previous events or system replayability.

Aspects to consider before implementing event sourcing in your organization

It is crucial to note, however, that event sourcing is more complicated than standard state-based persistence. Event sourcing implementation necessitates careful planning and consideration of event storage, event playback methods, and eventual consistency handling.

Event sourcing is frequently used in areas that require auditability, traceability, or time analysis, such as financial systems, supply chain management, or complicated business operations. It can be used with other patterns, such as Command Query Responsibility Segregation (CQRS), to further separate an application's read and write sides.

Each event in the event feed typically reflects a single action or event in the system. These events are immutable, which means they cannot be changed once they have been registered. The events themselves collect pertinent information regarding the state change, such as the type of event, the entities affected, and any associated data.

At its annual event, Rootstack will discuss event sourcing

We will discuss this topic and other event sourcing activities during our annual event on September 21 in Panama, where we will be joined by several of our global partners.

Our honored guests will be leaders from the banking, retail, insurance, and health industries, who will enjoy more than ten technical and commercial talks about the services we provide as a software development agency and the solutions provided by our partners: Red Hat, Acquia, ValidatedID, UiPath, and Microsoft.

We recommend you on video