Applications of Real-Time Data

Real-time data means information that is available for use immediately after collection. However, it doesn’t mean that the information will be available to an end-user with microseconds after collection. To best understanding, we can say real-time data is fast data that is not meant to store or kept back for later use in future, but to keep it in motion to give rise to immediate response and action.

For a long time now, use of real-time data has been restricted to navigation and tracking only. But the picture is changing now with the advent of new technologies being capable of delivering up-to-the minute information to mobile devices through convenience apps.

How real-time data could help businesses grow?

By deploying real-time data analytical tools, such as Woopra, Clicky and Mixpanel, businesses can analyze huge data sets of fresh information in a matter of seconds or a few minutes, unlike hours and days previously. Real-time data comprises what people are purchasing online, sharing, posting, clicking, reading and many more…

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