Let us look at some of these use cases of Real Time Analytics:
Healthcare: Healthcare domain uses Real Time analysis to continuously check the medical status of critical patients. Hospitals on the look out for blood and organ transplants need to stay in a real-time contact with each other during emergencies. Getting medical attention on time is a matter of life and death for patients.
Government: Government agencies perform Real Time Analysis mostly in the field of national security. Countries need to continuously keep a track of all the military and police agencies for updates regarding threats to security.
Telecommunications: Companies revolving around services in the form of calls, video chats and streaming use real-time analysis to reduce customer churn and stay ahead of the competition. They also extract measurements of jitter and delay in mobile networks to improve customer experiences.
Banking: Banking transacts with almost all of the world’s money. It becomes very important to ensure fault tolerant transactions across the whole system. Fraud detection is made possible through real-time analytics in banking.
Stock Market: Stockbrokers use real-time analytics to predict the movement of stock portfolios. Companies re-think their business model after using real-time analytics to analyze the market demand for their brand.