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What Caused This Wait Event: Using Oracle's wait_event[] tracing

I talked about a new diagnostic event wait_event[] back at OakTableWorld 2014. Oracle introduced this feature in version 12.1. But since there’s only a camera recorded video of that talk, I’ll document some examples here.
Attaching Actions to Wait Events The new wait_event[] event name allows you to attach actions, like tracing, to wait events. The action runs whenever a wait event ends. It behaves like Oracle’s SQL Trace that writes out trace lines for wait events only when the wait ends.