Real-time analytics industry use cases

There is an actual need for and an advantage to processing data in real time, so companies are quickly shifting from batch processing to real-time data processing. In this section, let's take a look at a few examples of real-time data analytics by industry verticals.

Real-time predictive analytics in manufacturing

With the advent of the Internet of Things (IoT), manufacturing and other industries are generating a high volume of IoT data from their machines and heavy equipment. This data can be leveraged in few different ways to improve the way industries work and help them to save costs. One such example is predictive maintenance, where IoT data is continuously ingested from industrial equipment and machinery, data science, and machine learning techniques that have been applied to the data to identify patterns that can predict equipment or part failures. When this process is performed in real time, it can help to predict equipment and...