What Does Real-Time Analytics Tools Mean?
Real-time analytics tools are the tools used to
measure, collect and analyze data in real time. They not only help in
gathering insights but also are used for conducting well-informed market and business
Techopedia Explains Real-Time Analytics Tools
Real-time analytics tools enable organizations
to make well-informed, more precise and faster decisions based on predefined logic.
These tools further aid the data science teams to optimize, simulate and model
based on various transactions and samples.
Real-time analytics tools allow organizations to act on data immediately, rather than having to wait for a batch to process. This results in faster response times, and can translate to advantages such as higher sales, better customer service and more efficient operations.