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Advantages and Disadvantages of Real Time Data

What are the advantages and disadvantages of having "real-time" data available for analysis? What are the reasons why it is an advantage/disadvantage to businesses.

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Advantages - Researchers can accesses the data immediately, and can make preliminary hypothesis by quickly scanning the data. Right away you could be able to assess how many people have looked at the product, how many sales there ...

Solution Summary

This posting briefly looks at real time data collection and highlight very important Advantages and Disadvantages