1. A method of event and alert analysis in a distributed processing system, the distributed processing system including a local event analyzer embedded in an alert analyzer, the method comprising: receiving, by the local event analyzer embedded in the alert analyzer, events from an event queue; creating, based on the received events and local event analysis rules specific to the alert analyzer, by the local event analyzer, a temporary alert for the alert analyzer; and analyzing, by the alert analyzer, the temporary alert based on alert analysis rules.