Gartner defines real-time analytics as "the discipline that applies logic and mathematics to data to provide insights for making better decisions quickly.
" This definition has always held true, it is just the meaning and measurement of real time that has evolved. As we approach the end of 2017, it's a good time to look at the evolution of real-time decision making and ask yourself—are you caught up?
Real time B.C. (before computers). Before there were computers, people were finding ways to use real-time information.
For instance, in 500 BC, Philippides ran 25 miles from Marathon to Athens, Greece, to alert the magistrates of the victory at the Battle at Marathon, and in 200 BC, smoke signals were used on the Great Wall of China to warn those further down the wall of enemy size and attack direction. Fast-forward to 1775 when Paul Revere developed a real-time alerting system using lanterns.
We all know the famous phrase "one if by land, two if by sea," and after initiating this real-time alert, he rode on horseback to deliver the information to towns around Boston along with 40 other horseback riders to spread the word throughout eastern Massachusetts. Real-time A.D. (after digital). With the invention of computers, we upgraded from "human speed" to "machine speed.