An event detection (ED) computing device is provided. The ED computing device includes a processor in communication with a memory. The processor is configured to receive real time data from a real time data source, including location data and transaction data, and calculate a first data derivative based at least in part on the received location data and transaction data. The ED computing device is also configured to identify an event associated with the first location based at least in part on the received location data and transaction data and store an identified event data structure in a database. The ED computing device is configured to retrieve notification rules associated with a first stakeholder, compare the a data derivative to the notification rules, and transmit a notification to the first stakeholder based at least in part on the comparison.