Building Flexible, Data-driven Framework for Real-time Analysis

Srikanth Iyengar; Yash Shingade; Ayush Singh; Kailas Devadkar; Jignesh Sisodia

doi:10.36948/ijfmr.2024.v06i02.16532

Building Flexible, Data-driven Framework for Real-time Analysis

Author(s)	Srikanth Iyengar, Yash Shingade, Ayush Singh, Kailas Devadkar, Jignesh Sisodia
Country	India
Abstract	In the contemporary business landscape, the escalating demand for real-time predictive analytics is driven by the imperative for dynamic decision-making. Traditional analytics models often prove inadequate in addressing the need for agility required to respond swiftly to rapidly changing circumstances. Real-time predictive analytics, however, offers a transformative solution, empowering organizations to make informed and timely decisions in fast-paced environments. This capability proves invaluable in industries were staying ahead of emerging trends is critical, fostering a proactive approach to decision-making that can significantly impact competitiveness. The sheer volume and diversity of data require sophisticated solutions for processing and analysis. Real-time predictive analytics becomes an indispensable tool, offering the capability to promptly extract valuable insights from massive datasets. This not only enhances decision-making but also allows organizations to stay ahead by uncovering trends and patterns in real time. Scalability is a fundamental consideration for organizations on a growth trajectory. Real-time predictive analytics frameworks provide a scalable foundation, allowing businesses to seamlessly expand their analytical capabilities. This adaptability ensures that the framework can handle the increasing demands for processing power and storage, aligning with the evolving needs of a growing organization.
Keywords	Real-time Predictive Analytics, Dynamic Decision-Making, Big Data Frameworks, Data Stream Processing, Agile Analytics, Scalable Data Processing, Data Visualization, Data-driven Frameworks, Massive Dataset Handling, Flexibility in Analytics, Adaptable Systems, In-memory Processing, Strategic Planning
Field	Computer > Data / Information
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-04-15
Cite This	Building Flexible, Data-driven Framework for Real-time Analysis - Srikanth Iyengar, Yash Shingade, Ayush Singh, Kailas Devadkar, Jignesh Sisodia - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.16532
DOI	https://doi.org/10.36948/ijfmr.2024.v06i02.16532
Short DOI	https://doi.org/gtq3d7

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Building Flexible, Data-driven Framework for Real-time Analysis

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