Real Time Analytics
Real-time analytics
• Real time analytics is finding meaningful
patterns in data at the actual time of receiving
• Real-Time Analytics Platform (RTAP) analyses
the data, correlates, and predicts the
outcomes in the real time.
Real-Time Analytics Platform
• Manages and processes data and helps timely
decision-making
• Helps to develop dynamic analysis
applications
• Leads to evolution of business intelligence
Widely used RTAPs
• Apache Spark Streaming—a Big Data platform
for data stream analytics in real time.
• Cisco Connected Streaming Analytics (CSA)—a
platform that delivers insights from high-
velocity streams of live data from multiple
sources and enables immediate action.
Apache Spark Streaming
A Big Data platform for data stream analytics in real time.
Widely used RTAPs
• Oracle Stream Analytics (OSA)—a platform
that provides a graphical interface to “Fast
Data”.
• SAP HANA— a streaming analytics tool which
also does real-time analytics
Widely used RTAPs
• SQL stream Blaze—an analytics platform,
offering a real-time, easy-to-use and powerful
visual development environment for
developers and analysts.
• TIBCO StreamBase—streaming analytics,
which accelerates action in order to quickly
build applications.
Widely used RTAPs
• Informatica — a real-time data streaming tool
which transforms a torrent of small messages and
events into unprecedented business agility
• IBM Stream Computing—a data streaming tool
that analyzes a broad range of streaming data—
unstructured text, video, audio, geospatial,
sensor—helping organizations spot the
opportunities and risks and make decisions in real
time
RTAP Applications
1. Fraud detection systems for online
transactions
2. Log analysis for understanding usage pattern
3. Click analysis for online recommendations
4. Social Media Analytics
RTAP Applications
5. Push notifications to the customers for
location-based advertisements for retail
6. Action for emergency services such as fires
and accidents in an industry
7. Any abnormal measurements require
immediate reaction in healthcare monitoring
8. Sentiment analysis
9. Stock market analysis
Sentiment Analysis
E-Commerce application
Stock market application
• Data analytics can be used in the stock
market
• In identifying stocks and shares with growth
potential, buying them at rock bottom prices
and selling them when the share prices are at
its peak.
Algorithmic Trading
• The latest buzzword within the world of stock market
trading is ‘Algorithmic Trading’.
• Machine Learning technologies and algorithms are
allowing computers towards making investment
decisions, execute trades just like human beings, but at
a rapid pace and high frequencies which is not possible
to be carried by people.
• These algorithms incorporate best buying prices to be
traded at specific times and reduction of manual errors
which can occur due to behavioural influences.
Algorithmic Trading
Real time analytics – Stock market
• The strength of algorithmic trading is within its
limitless capabilities of analyzing data, making real-
time investment decisions.
• Executing trades at a fast pace and high frequency
• using a wide array of structured and unstructured data
obtain from various sources such as stock market
information, social media, analysis of recent news etc.
towards making intuitive judgments.
• This analysis of situational sentiments can be highly
valuable in stock market trading.
