Tuesday, June 16, 2015

New Opportunities with Streaming Analytics

This article (by Chris Steel from Software AG) discusses how Streaming Analytic platforms can open up new opportunities for analysis that were never considered before.  The article focuses on government usage of Big Data, but the concepts apply to any large company.  There are many types of data and information to be gleaned from that data, that has never been considered before because the technology wasn't in place to wrap "the context" (our specialty!) around that data.

Key graph:

With real-time big data analytics, agencies can pick out the needles as the data haystack is streaming by. They do not have to worry about taking all of the irrelevant data, putting it into storage, running an analysis, waiting, and then redoing that over and over again. Instead, in real-time, the agency can pull information out of the streams and make a decision while they still have a window of relevance. This allows them to take proactive action on the data. By exploring the merging of both historical and streaming data, agencies can gain the ability to analyze data to optimize operations, mitigate risks, and make decisions in real-time. 

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