Real-Time Analytics Explained
FAQ
A real-time analytics platform helps businesses extract valuable insights from data by allowing them to perform an analysis as soon as the data is available.
An everyday-life example of real-time data analytics is the blocking of suspicious credit card transactions. Every transaction is tracked and analyzed in real time. Whenever the analytics platform detects fraudulent behavior, the transaction is blocked immediately.
Real-time analytics has various applications in multiple fields. Real-time analytics provides faster insights compared to traditional batch processing which can be a key differentiating factor when making business decisions.
Real-time analytics is used by a multitude of companies in different industries—from financial services to retail to manufacturing. If you want to learn more about the applications of real-time analytics, check out this article