Monday, April 22, 2019

Word of the Day: real-time analytics

Word of the Day WhatIs.com
Daily updates on the latest technology terms | April 22, 2019
real-time analytics

Real-time analytics is the use of, or the capacity to use, data and related resources as soon as the data enters the system. The adjective real-time refers to a level of computer responsiveness that a user senses as immediate or nearly immediate. The term is often associated with streaming data architectures and real-time operational decisions that can be made automatically through robotic process automation (RPA) and policy enforcement.

Real-time analytics software has three basic components -- an aggregator that gathers data event streams (and perhaps batch files) from a variety of data sources, a broker that makes data available for consumption and an analytics engine that analyzes the data, correlates values and blends streams together. The system that receives and sends data streams and executes the application and real-time analytics logic is called the stream processor.

 

Real-time analytics often takes place the edge of the network to ensure that data analysis is done as close to where the data originated as possible. In addition to edge computing, other technologies that support real-time analytics include:

 

Processing in memory (PIM) -- a chip architecture in which the processor is integrated into a memory chip to reduce latency.


In-database analytics -- a technology that allows data processing to be conducted within the database by building analytic logic into the database itself.


Data warehouse appliances -- combines hardware and software products designed specifically for analytical processing.


In-memory analytics -- an approach to querying data when it resides in random access memory (RAM), as opposed to querying data that is stored on physical disks.


Massively parallel programming (MPP) -- the coordinated processing of a program by multiple processors that work on different parts of the program, with each processor using its own operating system and memory.

Quote of the Day

 
"Having a real-time analysis pipeline allows for making sense of all of the changes in real time, which, ultimately, allows for better management of a company's product and user base." - Rishi Sood

Learning Center

 

7 enterprise use cases for real-time streaming analytics
Organizations are harnessing the power of real-time streaming analytics applications to provide services to customers and respond quickly to their evolving needs. Learn how.

SAP HANA uses converge on analytics, transactions and apps
Learn about the most common SAP HANA uses and why many organizations combine the in-memory database platform's strengths in analytics, transaction processing and application development.

10 must-have features for big data analytics tools
What features should you ensure are in your big data analytics tools? We have 10 suggestions, including embeddable results, the ability to wrangle data, scalability and more.

To create a real-time data analytics system, 49ers huddle with SAP
Find out how the San Francisco 49ers are improving the fan experience at Levi's Stadium with a real-time data analytics platform based on the SAP HANA database and SAP Analytics Cloud.

SAP S/4HANA real-time analytics best for tactical decisions
Learn what kind of real-time analytics capabilities are available inside SAP S/4HANA, and read why experts say you probably need a separate BI tool -- from SAP or another vendor -- for more sophisticated functions, like predictive analytics and strategic decision-making.

Quiz Yourself

 
An executive can _______ a business intelligence dashboard to get an up-to-the moment snapshot of how some element of the business is performing.
a. use
b. utilize

Answer

Stay in Touch

 
For feedback about any of our definitions or to suggest a new definition, please contact me at: mrouse@techtarget.com

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