Functioning of real-time analytics in business

Wolniak, Radosław

doi:10.29119/1641-3466.2023.172.40

Artykuł - szczegóły

Tytuł artykułu

Functioning of real-time analytics in business

Autorzy

Wolniak Radosław

Treść / Zawartość

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Identyfikatory

DOI

10.29119/1641-3466.2023.172.40

Warianty tytułu

Języki publikacji

Abstrakty

Purpose: The goal of the paper is to analyze the main features, benefits and problems with the real-time analytics usage. Design/methodology/approach: Critical literature analysis. Analysis of international literature from main databases and polish literature and legal acts connecting with researched topic. Findings: The paper focus on the advantages and disadvantages of real-time analytics. The ability to process and analyze data in real-time allows organizations to quickly identify trends and patterns, optimize their operations, and allocate resources more efficiently. Additionally, real-time analytics helps businesses identify new revenue opportunities and optimize their pricing strategies, monitor user behavior, detect security threats, and react without delay. However, real-time analytics can be expensive to implement, require technical expertise, and generate false positives. Proper data quality, security measures, and system scaling are also essential for effective implementation. The vague definition of real-time and the requirement to collect detailed requirements from all stakeholders can also present challenges to businesses. Originality/value: Detailed analysis of all subjects related to the problems connected with the real-time analytics.

Słowa kluczowe

Industry 4.0 business analytics data analysis real time analytics predictive analytics

Przemysł 4.0 analityka biznesowa analiza danych analiza w czasie rzeczywistym analityka predykcyjna

Wydawca

Wydawnictwo Politechniki Śląskiej

Czasopismo

Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska

Rocznik

2023

Tom

z. 172

Strony

659--677

Opis fizyczny

Bibliogr. 116 poz.

Twórcy

autor

Wolniak Radosław

rwolniak@polsl.pl

Silesian University of Technology, Organization and Management Department, Economics and Informatics Institute

https://orcid.org/0000-0003-0317-9811

Bibliografia

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Bibliografia

Identyfikator YADDA

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