Glossary
Real-Time Analytics
The potential gain consists in taking a risk. Every business face
Real-time analytics uses data as soon as it becomes available in a system at an immediate or nearly immediate rate. So, you receive your information in real-time. After all, if we must wait more than seven seconds for something, is it even worth having?
In a globalized world, where limitless information is available at your fingertips, it is more vital than ever for businesses to stay informed. The opportunities for endless knowledge does more than present the chance to learn. It means essential details and facts may change instantly and without warning. And in a world full of fake news, the proposed truth may change nine or ten times before we all find something we like.
To respond appropriately and stay ahead of the competition, organizations are turning to ERP systems to facilitate real-time data flow. This is useful in everything from high-level decision-making to customer service and mitigates potential issues before they arise.
With the increased ability to communicate and receive the necessary information, companies can push ambitious goals and deadlines and make moves that help sculpt the future the way an artist sculpts marble: roughly and with a chisel.
not necessarily financial. Legal liabilities and acts of God, like natural disasters, are risks as well.