2013 saw more and more ISVs take the data visualization route. From enterprise applications to products used by common people for managing their day to day tasks, data visualization emerged as a key value proposition of products. By making data more comprehensible and accessible, these products revolutionized the way we deal with data both big… Read More »
One of the earliest applications of real-time analytics was in manufacturing plants to monitor the performance and health of their systems in real-time. Data like temperature, weight, and volume were monitored by sensors embedded at strategic points in a manufacturing system. These sensors would update monitoring dashboards in real-time, giving visibility and control over the performance, and output. Not just in systems, but RFID technology and surveillance cameras drastically increased the applications of real-time analytics in security, and human resource allocation in these manufacturing plants. It would be only a matter of time till this kind of recording of real world information was made possible outside the manufacturing, and industrial sectors.
Choosing a real-time charting solution can be confusing with the plethora of options available. There are many different approaches, technologies, tools, and terms to keep in mind. However, before we discuss choosing a visualization tool, it’s important to understand of how visualization fits into the larger system it’s part of.
Today’s businesses compete on data. Whether it is increasing manufacturing yields, boosting marketing ROI or improving customer satisfaction, businesses want to improve their bottom line using data-driven insights.
A survey conducted by the Aberdeen Group titled Data, Discovery, Action in early 2013 found that more and more enterprise decision makers want or need analytical capability to understand their data well. While performing their tasks in CRM, ERP and other business applications, they are looking for better visibility, better reporting and quicker access to performance metrics. Due to this growing interest in analytical engagement, ISVs are powering their products with information visualization capabilities that will help their users get data-driven insights.
In businesses globally, perhaps the first and most important use of real-time analytics is seen in the IT department. Keeping all servers, and applications up and running at all times is no mean task. IT professionals rely on real-time dashboards day in and day out to help them with their time-sensitive, critical, and complex job of managing a business’s IT infrastructure.