AbstractTo remain competitive, organizations are increasingly taking advantage of the high volumes of data produced in real time for actionable insights and operational decision-making. In this chapter, we present basic concepts in real-time analytics, their importance in today’s organizations, and their applicability to the bioeconomy domains investigated in the DataBio project. We begin by introducing key terminology for event processing, and motivation for the growing use of event processing systems, followed by a market analysis synopsis. Thereafter, we provide a high-level overview of event processing system architectures, with its main characteristics and components, followed by a survey of some of the most prominent commercial and open source tools. We then describe how we applied this technology in two of the DataBio project domains: agriculture and fishery. The devised generic pipeline for IoT data real-time processing and decision-making was successfully applied to three pilots in the project from the agriculture and fishery domains. This event processing pipeline can be generalized to any use case in which data is collected from IoT sensors and analyzed in real-time to provide real-time alerts for operational decision-making.