Real-time processing refers to information handling that takes a short period of time. This time period is the near-instantaneous data output. To achieve continuous output, the input should be continuous as well.
An immediate processing system enables the fast-changing data input with the following transformed data output. The output is instant that’s why the system can see and display the change in real-time. Another name of real-time processing is a stream processing. It goes like this because to showcase the change instantly there should be a continuous input stream.
Some examples of immediate processing in eCommerce are ticket reservations or room booking. The change needs to be immediate to eliminate double booking. Radars use the same processing type to locate the airplanes and show their path in real-time.
Real-time processing has made a huge impact on the financial and banking industry as well. The proper examples are banks’ ATM or POS terminals. Commonly, processing in real-time more preferable compared to batch processing. The reason is that instant processing help detects fraud and theft in the early stages.
There are a couple of benefits this processing type can offer.
- There is no distinct delay in the response.
- One gets up-to-date information and makes immediate actions according to it.
- One can make better analytics based on real-time data.