Analytics aren’t new, but they have certainly achieved a level of popularity of late. Infographics and data dashboards have replaced the traditional spreadsheet. And everyone wants the data in real-time. This interesting topic came to us from Digital Insurance in their article, “Social media, IoT devices behind skyrocketing demand for real-time analytics.”
The process of streaming analytics is becoming a key competitive tool as enterprises look to take advantage of the insights they can gain from data as it arrives from applications, social media sites, Internet of Things (IoT) devices, etc.
The availability of analytics in real-time is something that is essential for digital businesses. So it is not surprising that the demand for such capabilities is growing. A recent report by Research and Markets said the global market for streaming analytics tools was valued at $5.34 billion in 2018 and is expected to reach $29.04 billion by 2024, a compound annual growth rate (CAGR) of 33 percent.
Melody K. Smith
Sponsored by Data Harmony, a unit of Access Innovations, the world leader in indexing and making content findable.