The present invention is a process monitoring method, comprising the steps of capturing sensory data from one or more sensors; storing the sensory data from the one or more sensors in a data storage device; processing the sensory data from the sensors to detect primitive events in the sensory data; correlating two or more primitive events to determine one or more correlated events; and performing one or more actions based on the correlation performed in the correlating step, including sending alerts to recipients in a company's hierarchy. The process monitoring method can be used with a variety of sensors, including temperature, pressure, revolutions per minute, electrical meters, altitude meters, and speedometers, and can accept input from a variety of legacy systems, including financial systems, inventory systems, personnel systems, currency systems, and law enforcement databases. The invention can be used to optimize business processes and ensure safety and security procedures are followed.