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Stream and Event Processing Require Real-Time Analytics

David Menninger's Analyst Perspectives

In my past perspectives, I’ve written about the evolution from data at rest to data in motion and the fact that you can’t rely on dashboards for real-time analytics. If organizations can’t rely on dashboards for real-time analytics, what should they consider? As well, analytics are becoming more and more intertwined with operations.

Analytics 255
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How EUROGATE established a data mesh architecture using Amazon DataZone

AWS Big Data

Recently, EUROGATE has developed a digital twin for its container terminal Hamburg (CTH), generating millions of data points every second from Internet of Things (IoT)devices attached to its container handling equipment (CHE). This is further integrated into Tableau dashboards. This led to a complex and slow computations.

IoT 110
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Don’t Rely on Dashboards for Real-Time Analytics

David Menninger's Analyst Perspectives

Another domain where real-time analyses are critical is internet of things (IoT) applications. Location-based offers should be targeted at the customer’s current location, not their location several minutes ago.

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What is IoT Dashboard?

FineReport

The Internet of Things (IoT) has revolutionized the way we interact with devices and gather data. Among the tools that have emerged from this digital transformation, IoT dashboards stand out as invaluable assets. IoT dashboards What is IoT Dashboard?

IoT 52
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Top 10 IT & Technology Buzzwords You Won’t Be Able To Avoid In 2020

datapine

In business intelligence, we are evolving from static reports on what has already happened to proactive analytics with a live dashboard assisting businesses with more accurate reporting. A study conducted by McKinsey pointed out that the potential economic impact of IoT by the year 2025 could be equivalent to 11% of the world economy.

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Beyond the hype: Do you really need an LLM for your data?

CIO Business Intelligence

Tableau, Qlik and Power BI can handle interactive dashboards and visualizations. Imagine such a system processing unstructured text data like historical maintenance logs, technician notes, defect reports and warranty claims, and correlating it with structured sensor data such as IoT readings and machine telemetry. And guess what?

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Your Ultimate Guide To Modern KPI Reports In The Digital Age – Examples & Templates

datapine

Moreover, within just five years, the number of smart connected devices in the world will amount to more than 22 billion – all of which will produce colossal sets of collectible, curatable, and analyzable data, claimed IoT Analytics in their industry report. Set up a report which you can visualize with an online dashboard.

KPI 223