How Real-Time Data Boosts the Bottom Line

By Dennis McCafferty  |  Posted 01-20-2016 Email

While the majority of CIOs and other IT professionals recognize the importance of analyzing data in real time, tech leaders and developers disagree over how capable their organizations are at doing it, according to a recent survey from VoltDB. The resulting "2015 Real-Time Data Report" indicates that the analysis of streaming data with real-time context can significantly impact the bottom line. But, in most cases, real-time apps aren't meeting business needs. Meanwhile, IT often can't produce actionable data analysis quickly enough for users. Should companies successfully address these issues, they can reap rewards such as better customer experiences and improved operational efficiencies. "With real-time streaming analytics rapidly becoming the lifeblood of today's data-driven economy, (there are) a number of disconnects in how organizations and job titles view real-time data," according to the report. "And while these disconnects make for interesting conversation, there were no disagreements when it comes to the business benefits of real-time data analysis. As real-time streaming data continues to enter organizations at unprecedented rates and volumes, it will be the enterprises that analyze and act in the moment that will realize the greatest business impact." More than 150 CIOs, developers, IT managers and other IT pros took part in the research.

Dennis McCafferty is a freelance writer for Baseline Magazine.


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