How Real-Time Data Boosts the Bottom Line
How Real-Time Data Boosts the Bottom Line
Real-time streaming analytics is rapidly becoming the lifeblood of today’s data-driven economy, and savvy businesses are cashing in on the trend.
Real Value
89% of survey respondents say a data management platform which responds in real-time serves as a valuable organizational asset.
Revenue Stream
91% say streaming data analysis can have a positive impact on their company’s bottom line, and 56% say it is “critical” or “very important” to add real-time context to streaming analytics apps.
Half-Empty
66% believe that real-time apps meet business needs less than half of the time.
Delayed Reaction
Overall, survey respondents say they are unable to meet speed demands for data analysis 54% of the time.
Difference of Opinion, Part I
84% of CIOs believe their organization can analyze data in real-time, but only 42% of developers agree.
Difference of Opinion, Part II
74% of CIOs believe that real-time streaming data apps have different requirements than big data apps, but just 36% of developers say this is the case.
Biggest Benefits of Real-Time Data Analysis
Enhanced customer experience: 26%, Improved operations efficiencies: 23%, Competitive advantage: 19%, Increased employee productivity: 17%
Prohibitive Factors
32% of survey respondents say data consistency/quality remains the primary obstacle to real-time data response, while 29% cite budget/internal resource constraints.
