- by kq4ym, Data Doctor
- 10/9/2015 9:27:05 AM
As a former stock and commodities investor I've always been a bit skeptical about relying on trend predictions. If it were actually possible to know when a trend has changed and how long that "trend" would continue, an investor would be batting 1000 on every investment. So, it's important to realize that determining "trends" and looking for changes in that trend may not be so easy. We usually don't know what's happening until after it happens.
- by T Sweeney, Blogger
- 9/28/2015 6:12:30 PM
In re "real-time predictive analytics or extreme collaboration..." are these synonymous? If not, then what is extreme collaboration?
I'm also having a hard time understanding the application of real-time analytics. Is there a classic app or scenario where it's throught to be particularly useful?
- by Jamescon, Editor
- 9/28/2015 1:57:05 PM
@Tomsg. Right, much of the IoT data is short-lived. Also, much of it will be processed at the network edge with only exceptions/problems being forwarded to a central system for action.
- by CandidoNick, Data Doctor
- 9/26/2015 3:37:01 PM
The key with real time analytics is that everyone involved lives and breathes the conteXT n which the data is recorded. HistoricAL data will always come with an air of uncertainty, because there cold easily be distant third-party components that affect the data that go undocumented.
- by Joe Stanganelli, Blogger
- 9/25/2015 11:51:35 PM
Thanks for highlighting this, Pierre. This goes to show the imperativeness of IoT -- which is a fundamental component, in many cases, of a real-time analytic environment. The two go hand in hand.
- by impactnow, Blogger
- 9/25/2015 1:54:05 PM
Pierre you make an excellent sometimes time provides us with more insight and strategic concepts than we could ever get right away. Unfortunately so many companies don't fully realize the value of evaluating both real time results and historical trends. The data can tell you about new preferences, changing needs and failure more comprehensively if evaluated using both these concepts.