What are the differences between real-time and batch data analysis?
Real-time data analysis processes data as it comes in, allowing for immediate insights, while batch analysis processes data in groups at scheduled intervals.
Can you give me examples of when to use each type?
Sure! Use real-time analysis for applications like fraud detection or stock trading, and batch analysis for reporting or historical data analysis.
What are the advantages of real-time analysis?
The main advantages include immediate decision-making, enhanced customer experience, and the ability to respond quickly to changes.
Are there any disadvantages to real-time analysis?
Yes, it can be more complex to implement, requires more resources, and may lead to data overload if not managed properly.
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