Why should i care about sub-second real time analytics?

Profiting off of near real time knowledge. Nathan Rothschild and London Stock Exchange. Battle of Waterloo.

You should care about sub-second real-time analytics because it can help you to:

• Make better decisions faster: Sub-second real-time analytics gives you the ability to see what is happening in your business right now. This allows you to identify trends, patterns, and anomalies as they occur. This information can be used to make better decisions faster, which can lead to significant competitive advantages.
• Reduce costs: Sub-second real-time analytics can help you to reduce costs by identifying inefficiencies and waste. For example, you can use sub-second real-time analytics to track inventory levels and identify overstocked or understocked items. You can also use sub-second real-time analytics to track customer behavior and identify areas where you can improve customer service.
• Improve customer experience: Sub-second real-time analytics can help you to improve the customer experience by personalizing interactions and providing proactive support. For example, you can use sub-second real-time analytics to identify customers who are likely to churn and take proactive steps to retain them. You can also use sub-second real-time analytics to identify customers who are having a negative experience and provide them with immediate support.

Here are some specific examples of how sub-second real-time analytics is being used by businesses today:

• Retailers are using sub-second real-time analytics to track customer behavior in stores and online. This information is used to personalize marketing campaigns, improve product placement, and reduce theft.
• Banks and other financial institutions are using sub-second real-time analytics to detect fraud and prevent money laundering.
• Healthcare providers are using sub-second real-time analytics to monitor patient vital signs and identify patients who are at risk of complications.
• Manufacturers are using sub-second real-time analytics to monitor production lines and identify potential quality problems.
• Transportation companies are using sub-second real-time analytics to track vehicles and optimize traffic flow.

These are just a few examples of the many ways that sub-second real-time analytics can be used to improve businesses of all sizes.

Knowledge is power. It reminds me of the story of Nathan Rothschild clean up on the London Stock Exchange thanks to his rapid communications system that brought him news of Wellington’s victory ahead of anyone else in London and the UK.

This is our goal at StarRocks. To provides businesses with strategic technology. Check us out at http://starrocks.io

StarRocks, a Linux Foundation project, is a next-generation sub-second MPP OLAP database for full analytics scenarios, including multi-dimensional analytics, real-time analytics, and ad-hoc queries. StarRocks received InfoWorld’s 2023 BOSSIE Award for best open source software.