Conclusion<\/span><\/h2>\nWe are part of a global village in which everything is dispersed, but well connected. The common element that connects us is ever-changing data.\n<\/p>\n
To tap into the power of data, real-time analytics is gaining popularity for the simple fact that we have become a real-time society. Data has always been valuable, but now it has become a commodity. Nowadays, people expect immediate access to the information they are seeking, and want to experiment with applications to bring new insights that allow them to make decisions on what to do next with the data.\n<\/p>\n
In my opinion, the biggest challenge is not only about voluminous data but how to make it a valuable piece as information in the form of a solution. The paradigm should be:\n<\/p>\n
Data -> Information -> Wisdom\n<\/p>\n
The challenges are enormous and the industry is on constant lookout for a solution to address these serious issues. The way forward is to devise a solution using the historical data and new analytic models to address the business challenge. Remember, the most important thing to ask yourself whenever you intend to apply real-time analytics to big data, is \u201cWhat is the purpose of this data?\u201d If you\u2019re using real-time data, measure only what matters to the enterprise and not everything by and large.<\/p>\n","protected":false},"excerpt":{"rendered":"
Real-time analytics is the ability of a business enterprise to use all available enterprise data when needed. A crucial feature of real-time analytics is that the available systems and setup should be able to quickly generate analytics based on the data received, ideally within a minute of the data being generated. A big advantage of […]<\/p>\n","protected":false},"author":7870,"featured_media":49267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[581,557,586,592,558],"tags":[],"category_partsoff":[],"class_list":["post-49266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analytics","category-data-management","category-emerging-technology","category-identity-access-governance","category-risk-management"],"acf":[],"yoast_head":"\n
The Advantages of Real-Time Analytics for Enterprise - Techopedia<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n