What are the different data processing methods and their comparisons?

What are the main data processing methods used in data analysis?

The main data processing methods include batch processing, real-time processing, and stream processing. Each has its own use cases.

Can you explain the differences between batch processing and real-time processing?

Batch processing involves collecting data over a period and processing it all at once, while real-time processing handles data instantly as it arrives.

Which method is more efficient for large datasets?

Batch processing is generally more efficient for large datasets since it minimizes the overhead of processing each data point individually.

Are there any scenarios where real-time processing is preferred?

Yes, real-time processing is preferred in scenarios like fraud detection, live analytics, and monitoring systems where immediate insights are crucial.