What does 'real-time analytics' mean in data processing? 🔊
'Real-time analytics' in data processing refers to the capability of analyzing data as it is generated or received, providing immediate insights. This process enables organizations to make timely and informed decisions based on current data trends and patterns rather than relying on historical data. Real-time analytics is essential for applications that require instant feedback, such as financial trading, fraud detection, and activity monitoring. It enhances operational efficiency and responsiveness, allowing businesses to adapt quickly to changing conditions.
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