What are the cost differences between batch processing and real-time processing?

What are the cost differences between batch processing and real-time processing?

Batch processing typically has lower operational costs due to economies of scale, while real-time processing can be more expensive due to the need for constant resource availability.

Can you explain why real-time processing is more expensive?

Real-time processing requires immediate data processing, which often involves higher infrastructure costs, such as faster servers and more robust network capabilities.

Are there scenarios where batch processing is more beneficial?

Yes, batch processing is beneficial for large volumes of data that don't require immediate action, such as end-of-day reports or data analysis.

What industries typically use real-time processing?

Industries like finance, healthcare, and e-commerce often use real-time processing for transactions, monitoring, and customer interactions.