October 24th, 2017 - Real-time information is the ultimate state of data analytics, and the ability to quickly respond to market changes and customer requests. The technology to provide real-time data feeds is readily available, but how many companies are ready to jump on the real-time data they are receiving? It depends on what the business is ready to do.
That’s the word from Marc Concannon, CTO of Clavis Insight, who says while it is important for organizations to be operating and making decisions based on real-time data, business and technology leaders need to think through what real-time really means to their businesses. But business leaders need to determine what constitutes real-time and where it is needed. I recently caught up with Concannon, who asks the question: “What does real time mean?’