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AIROI - Artificial Intelligence Return on Invest: The AI strategy for decision-makers and managers

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27 December 2024

Streaming data analysis (Glossary)

Artificial intelligence Automation Big data and smart data Digital transformation AI Glossary

Streaming data analysis is particularly important in the areas of big data and smart data, artificial intelligence and digital transformation. It describes an approach in which large volumes of data are analysed in real time as they are generated and flow through systems. This means that there is no waiting until all the data has been collected. Instead, information is processed and analysed immediately.

A practical example: think of an online shopping platform. Thousands of users click on products, add items to their shopping basket or make payments at the same time. Thanks to streaming data analysis, the company can immediately recognise which products are popular, detect unusual activity (e.g. attempted fraud) or make recommendations in real time.

In contrast to conventional data analysis, data is analysed immediately rather than retrospectively. This enables companies to react very quickly to new trends, problems or opportunities. Streaming data analysis is therefore a key to remaining flexible and successful in the digital age.

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Streaming data analysis: Find out now how to analyse data in real time and digitally advance your company!

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Sanjay Sauldie

Sanjay Sauldie is a digital strategist, speaker and developer of the transruption toolkit, which companies can use to make their digital transformation measurable, human and sustainable. With kiROI - the AI-based approach to value creation in the digital age - he helps self-employed people and companies to integrate artificial intelligence into their processes in a practical way. With his outstanding marketing strategy iROI, he has already led countless companies to greater visibility and thus more profits. He combines digital innovation with disruptive thinking models for a sustainable business strategy. He studied mathematics and computer science at the University of Cologne, completed a Master of Science in Digital Disruption at the University of Salford (UK) and a Design Thinking programme at MIT/EMERITUS Singapore. As a multiple award-winning expert - including the Golden Web Award and the Innovation Award of the Initiative Mittelstand - he advises SMEs and corporations. His motto: "Digitalisation is not an end in itself - it must serve people."

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