Real-Time Data Analytics: Techniques and Applications

May 28, 2024 ⚊ 1 Min read ⚊ Views 15 ⚊ TECHNOLOGY

Real-time data analytics involves the immediate processing and analysis of data as it is generated. Techniques include stream processing, event-driven architecture, and in-memory computing, using tools like Apache Kafka, Apache Flink, and Spark Streaming. Applications span various industries: in finance for fraud detection and algorithmic trading, in healthcare for monitoring patient vitals, in retail for personalized marketing and inventory management, and in transportation for optimizing routes and tracking vehicles. Real-time analytics enables timely decision-making, enhances operational efficiency, and improves customer experiences by providing up-to-the-minute insights from continuously flowing data streams.

Read details: https://techguru1.hashnode.dev/real-time-data-analytics-techniques-and-applications

Tags: Data database programming

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