Handling streaming data in AWS
Speed is key characteristic businesses are looking for in a competitive edge in today's world. Consumers increasingly want experiences that are timely, targeted, and tailored to their specific needs and reject those that aren’t, whether they are applying for a loan, investing, checking health alerts, online shopping, tracking home security alerts, or monitoring systems. Insights from data are perishable and can lose value quickly. Streaming data processing allows analytical insights to be gathered and acted upon instantly and deliver desired customer experience.
Batch processing data doesn't allow for real-time risk mitigation or customer authentication. And the customer experience can be ruined - and is hard to recover - if action isn't taken in real-time. Acting on real-time data can help prevent fraud and increase customer loyalty. Untimely data, on the other hand, can inhibit your firm’s ability to grow. Following are the...