Embodiments of the invention provide systems and methods for managing and processing large amounts of complex and high-velocity data by capturing and extracting high-value data from low value data using big data and related technologies. Illustrative database systems described herein may collect and process data while extracting or generating high-value data. The high-value data may be handled by databases providing functions such as multi-temporality, provenance, flashback, and registered queries. In some examples, computing models and system may be implemented to combine knowledge and process management aspects with the near real-time data processing frameworks in a data-driven situation aware computing system.