What are the main challenges of real-time data collection?
The main challenges include data accuracy, latency, integration with existing systems, and data privacy concerns.
How does data accuracy affect real-time decision making?
Data accuracy is crucial; inaccurate data can lead to poor decisions, impacting business outcomes and strategies.
What technologies can help overcome these challenges?
Technologies like IoT devices, cloud computing, and advanced analytics can help improve real-time data collection.
Can you give examples of industries facing these challenges?
Sure! Industries like healthcare, finance, and logistics often face significant challenges in real-time data collection.
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