Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: 5 Real-Life Applications of Real-Time Analytics
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Analytics > Predictive Analytics > 5 Real-Life Applications of Real-Time Analytics
Predictive Analytics

5 Real-Life Applications of Real-Time Analytics

GilAllouche
GilAllouche
6 Min Read
Image
SHARE

ImageOf all the capabilities big data has, perhaps the most important for all different kinds of businesses is the ability to gather enormous amounts of data and analyze that data in real-time. It gives instant feedback and vital information to help the company succeed.

ImageOf all the capabilities big data has, perhaps the most important for all different kinds of businesses is the ability to gather enormous amounts of data and analyze that data in real-time. It gives instant feedback and vital information to help the company succeed.

Presto as a service is a fairly new platform that can take huge amounts of data and analyze it in seconds, making real time analytics accessible to Hadoop users. Let’s take a look at five different reasons why you should implement real-time big data analytics.

1. Crisis Management

More Read

Package Update Roundup: Mar 2009
Comparing Costs of Different Cloud Computing Providers
Dynamic Infrastructure for a Smarter Planet (via IBMSocialMedia)
Business Analytics Error: Learn from Uber’s Mistake During the Sydney Terror Attack
Fashion + Analytics + Social = The Perfect Ensemble

Nobody wants to deal with a crisis, no matter the size. Unfortunately, most companies will have to, in one form or another sometime during their existence. That’s just the way of things. Fortunately for those companies, dealing with a crisis in today’s world is much different than it has traditionally been because of big data. With real-time analytics, companies can see immediately what is being said about them all over the world across different mediums including: TV, radio, internet and social media. After gathering this information, companies can then take action, whether that’s alerting media that they made mistakes in their story, or whether that’s taking in what has been said and finding ways to improve on those things.

2. An Increased Company Vision

Big data in real-time is so successful because it give companies tools and a vision they couldn’t get any other way. In the past, it’s taken weeks and months to get a comprehensive vision of how the company is doing. Many times this vision isn’t revealed until the end of a quarter, or until the end of the year. With big data, that has changed. Companies now have access to how things are doing on a minute-by-minute basis. Is a particular marketing strategy working? How’s the pricing of a new product being received? What are consumers saying about our new line? How have they responded to our recent humanitarian efforts? Things like this can all be analyzed at an unprecedented speed.

3. Quicker and Less Costly Changes

Change is always happening in the business world. Competition and innovation make it impossible to sit still. If you don’t change, you’re not going to succeed. In today’s world success often comes by how quickly you implement those changes. Real-time big data analytics gives companies that capability. Also, it allows companies to try things that they otherwise wouldn’t because of cost restrictions. With real-time analysis companies can make changes so quickly and then analyze their effectiveness quickly too. They aren’t going to lose a significant amount of money if they implement a dud. In the past doing something like this would have been too cost prohibitive, but now it’s a complete possibility. It allows companies to experiment more, which generally brings better products to the consumer.

4. Better Apps and Website Management

The world lives and breathes online. It’s time that your company does too. Apps and the Web are key to a companies success. A companies ability to provide consumers with a positive experience with an app or online site is going to, in large part, determine its success. And with real-time analysis it’s increasingly easy for companies to monitor what is and isn’t working online. Quicker changes can be made and consumers are left happy.

5.Better Resource Allocation and Money Management

With the ability to see results in real-time, companies now have the power to implement changes in real-time. This should make them extremely efficient in how they use resources and manage money. If something isn’t working companies don’t have to wait months or years to know, they can find out immediately and implement change immediately. They can see where resources are being efficiently used and where more resources need to be allocated.

In the end, the benefits of real-time analysis are huge. Companies can’t afford to avoid big data, they won’t survive in the long run. Real-time analytics will transform your business and increase your effectiveness while improving the customer experience. It provides an immediate company vision that can be used on a daily basis to make improvements and recognize success.

 

Image Source: Pixabay

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

From Master Data to Master Graph

16 Min Read

What does Whale Vomit have in Common with Big Data and Analytics?

6 Min Read

SeeWhy enables you to build real time metrics, and generate real…

1 Min Read

Live from Warranty Chain Management 2009 – The Strategic Importance of Warranty

7 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?