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The advantages of processing big data in real-time are many:
* Cost savings: The implementation of a real-time big data tools may be expensive, it will eventually save a lot of money. There is no waiting time for business leaders and in-memory databases (useful for real-time analytics) also reduce the burden on a company’s overall IT landscape, freeing up resources previously devoted to responding to requests for reports.
* Better sales insights, which could lead to additional revenue. Real-time analytics tell exactly how your sales are doing and in case an internet retailer sees that a product is doing extremely well, it can take action to prevent missing out or losing revenue.
* Keep up with customer trends: Insight into competitive offerings, promotions or your customer movements provides valuable information regarding coming and going customer trends. Faster decisions can be made with real-time analytics that better suit the (current) customer.
The future of business belongs to those enterprises that embrace the big data analytics movement and use it to their advantage,said Scott Gnau , president, Teradata Labs.
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