real-time-analytics

Vocabulary Word

Definition

'Real-time analytics' means to gather and analyze information right away, as events unfold. Like following the stock market on a business news channel and understanding the changes.

Examples in Different Contexts

Real-time analytics in business intelligence involves analyzing data as it's generated to make immediate insights. A business analyst might say, 'With real-time analytics, we can respond to market changes swiftly, optimizing our strategies on the fly.'

Practice Scenarios

Creative

Scenario:

The promotional video seems to be getting lesser views after the first minute, possibly an indicator that we need a stronger hook early on.

Response:

I agree. The real-time analytics indicate that viewers are dropping off after the first minute. Let's revise the intro.

Business

Scenario:

Looks like there's a sudden surge in online demand for our new product line. We might need to adjust our inventory.

Response:

The real-time analytics suggest we might run out of stock sooner than anticipated. Let's reorder the products soon.