According to IBM, “Fast data (actionable data) is real-time data that typically comes in from streaming — such as through Internet of Things (IoT) technologies and event-driven applications.”
Some expert argue that the argument is that big isn’t necessarily better when it comes to data, and that businesses don’t use a fraction of the data they have access too. Instead, the idea suggests companies should focus on asking the right questions and making use of the data they have — big or otherwise.
This approach requires:
powerful systems for real time analysis
Algorithms that detect the differences between noises and emerging signals
New Visualization Techniques
If this trend continue to grow:
Fast Data Services
Fast Data Neural networks
Question to ask:
Which insignificant events in the past had dramatic impacts on your organization? How fast data could help you on these cases?