Understanding and analyzing the streaming problem

So far, we have looked at data engineering problems that involve ingesting, storing, or analyzing the stored data. However, in today’s competitive business world, online web apps and mobile applications have made consumers more demanding and less patient. As a result, businesses must adapt and make decisions in real time. We will be trying to solve such a real-time decision-making problem in this chapter.

Problem statement

A financial firm, XYZ, that offers credit cards, has a credit card application that works in real time and uses various user interfaces such as mobile and online web applications. Since customers have multiple options and are less patient, XYZ wants to make sure that the credit loan officer can decide on credit card approval in a split second or in real time. To do that, the application needs to be analyzed and a credit risk score needs to be generated for each application. This risk score, along with...