Category: Blog

The supply chain industry is the backbone on which many industries rely, such as manufacturing and retail. It produces large amounts of valuable business data daily, but according to a McKinsey study, only 2% of companies have visibility into their supply base beyond the second tier (e.g. chip fabrication in the semiconductor supply chain). 

66% of supply chain companies believe using data analytics is of critical importance for their future operations, but extracting value from supply chain data isn’t easy. Since the industry is split into various areas — such as procurement, logistics, and warehouses — data silos are common, with data scattered across legacy systems and spreadsheets. This makes it challenging to collect and analyze supply chain data.

Smart data pipelines unify data from multiple sources and enable real-time analytics of supply chain data. This gives managers the ability to make decisions based on a summary of accurate and timely data in the form of charts, graphs, and dashboards — or respond to real-time alerts generated automatically. Real-time analytics in the supply chain helps to avoid stockouts, protect drivers, tackle supply and demand issues, and increase the overall efficiency and profitability. 

Boosts Decision-Making for Procurement 

Real-time analytics can help you collect and analyze procurement data for better decision-making. Procurement managers can pull and analyze different sets of data, including supplier and buyer information, benchmark price, price variance and fulfillment, and invoice unit. This data can be collected from an operational system like an enterprise resource planning (ERP) system. 

Spend analysis

You can use descriptive analytics to consolidate purchasing-related data and get insights to minimize costs without compromising efficiency. For example, you can use descriptive analytics to collect historical data for creating visualizations (e.g., reports) on spend analysis to work on budgeting. This can help to answer questions, such as:

• What is the organization buying?
• From where and for whom is the organization buying?
• Which categories have the largest spend?

Supplier negotiation 

One way real-time analytics can save money is by monitoring the organization’s purchasing history and providing real-time insights via prescriptive analytics to compare supplier pricing. When this information is presented in real time in the form of detailed reports, sourcing teams can use it to negotiate with suppliers on pricing if it’s higher than competitors. This also benefits your relationship with the supplier; they can identify missed opportunities in sales that were lost to lower-priced alternatives.  

Introduces Better Visibility in Warehouses

According to a survey, around 70% of supply chain leaders said that they want better visibility into their warehouse. Real-time analytics can help manage warehouse operations and give visibility into inventory, fulfillment, labor, and production.

Automation

You can identify functions that take a lot of time, or where manual errors are recurrent (e.g., clerical errors), and incorporate automation to improve efficiency and save costs. 

Take picking products for order in warehouse operations, which can take a lot of time when done manually. Real-time analytics can use artificial intelligence for automated picking systems to streamline the process. These systems can use machine learning to analyze routes for picking and find the most efficient route for each item by reducing walking and sorting time. 

Inventory management 

Real-time analytics can help you to view, manage, and optimize inventory levels in real time. You can view top-selling, on-hand, and out-of-stock items on a dashboard. With a single view, you can adjust inventory in all warehouses. 

Your dashboard can show that your warehouse has plenty of products that aren’t in demand at the moment, whereas there’s not enough stock for in-demand products. This is done by analyzing data, such as seasonal influence (e.g., Black Friday), trend forecasts, and historical sales. 

Before you are out of stock, predictive analytics can be used for demand forecasting. It can balance your purchasing to get sufficient stock for the right products on time. These products can then be placed in pick-up and staging areas in the warehouse to improve the delivery time and enhance the customer experience. 

On a similar note, your dashboard can show dead stock — items stuck on the shelf for too long — and recommend ways to deal with it. For instance, you can get rid of dead stock by putting up a clearance sale on your e-commerce website or bundling it with other products at a discount price. 

Tracks Logistics Operations

You can use real-time analytics to improve your operational efficiency and reduce accidents. 

On-time and reliable delivery of goods

Real-time insights can make predictions on estimated transit times and improve planning for shipments. This is done by feeding real-time data to route planning algorithms that can map out the best possible route, helping your drivers avoid disruptions such as traffic jams and weather issues.

With smart sensors and the internet of things (IoT), you can notify key personnel about the status and condition of in-transit goods throughout the supply chain. For this purpose, sensors are used to monitor factors such as shock, humidity, light, temperature, and location. This can be especially useful to identify the likelihood of a food item going bad or a fragile product getting broken in real time, where the system generates an alert and sends it to the supply chain management. 

Accident prevention 

According to a study, every year, more than 20% of all fleet vehicles get into accidents. Most of these issues are traced to bad driver behaviors, which cause employers in the US a lot of direct and indirect damage. Poor driver behavior includes the following:

• Driving when drowsy
• Risky driving
• Speeding
• Harsh braking 

You can use real-time analytics with smart cams and electronic logging devices to assess driving behavior. For instance, you can capture data, such as when a driver accelerates quickly without keeping a safe distance between themselves and other vehicles or when a driver is often involved in harsh braking while changing lanes. With real-time analytics, you can get a single daily view that can detect drivers with recurrent driving patterns and enroll them in a driver safety awareness program.

Adopt Real-time Supply Chain Analytics With Striim

Now that you know about the different ways in which real-time analytics can improve supply chain performance, you need to look for a reliable tool that can help you to implement it on an enterprise level. For this purpose, consider looking into Striim for advanced analytics capabilities. 

Striim is a real-time data integration and streaming platform that supports streaming analytics and delivery of fresh data to analytics systems. It acts as a real-time connector between your data sources (e.g. a warehouse management system) and destinations, like a cloud data warehouse that feeds into a business intelligence (BI) reporting tool like Tableau. No matter where your data resides, Striim can connect it — in real time — and provide actionable insights throughout your supply chain. 

Striim has supported several organizations with their supply chain operations. For example, Striim has helped Macy’s, a leading retail chain, to adopt real-time inventory visibility. Below is a diagram that shows how Macy’s uses Striim to send real-time order and inventory data from its on-premise mainframe systems to business applications and dashboards in Google Cloud. This way, Macy’s has streamlined its inventory and has been able to adjust stock levels easily. 

If you’re looking to modernize your supply chain to get a competitive advantage, learn more about Striim’s real-time analytics solution and request a free trial or sign up for a demo today. 

Modern organizations collect vast amounts of data from different systems, such as application servers, CRM and ERP systems, and databases. Getting access to this data and analyzing it can be a challenge. You can use data integration to resolve this challenge and generate a unified view of your company’s data. That’s why around 80% of business operations executives say that data integration is crucial to their current operations. For this purpose, you can use a data integration tool — a type of software that can move data from your source systems to destination systems.

With so many options in the market, choosing a data integration tool isn’t a straightforward process. If you select the wrong tool, it can affect how your data infrastructure works, which can have a direct impact on your business operations. That’s why you need to have a checklist of key technical considerations that can help you to pick the right data integration tool.

1. Data Connectors to Move Data From Sources to Destinations
2. Automation for Ease of Use
3. Flexible Replication Support to Copy Data in Multiple Ways
4. User Documentation to Get the Most Out of the Tool
5. Security Features for Data Protection
6. Compliance With Data Regulations

1- Data Connectors to Move Data From Sources to Destinations

The first step is to consider what data sources and destinations you have so you can look for data connectors that can move data between them.

Generally, data sources in an organization can include data sets in spreadsheets, accounting software, marketing tools, web tracking, customer relationship management systems (CRMs), enterprise resource planning systems (ERPs), databases, and so on. If you’re planning to aggregate data from different sources and load them into data repositories for storage or analysis, you need to look for destination coverage. This includes coverage for relational databases (e.g., Oracle), data warehouses (e.g., Snowflake), and data lakes (e.g., AWS S3).

List all your current and future potential sources and destination systems, and make sure your prospective tool offers coverage for all of them. These tools have different willingness to add new connectors.

Do keep in mind that data connectors vary from tool to tool. Just because a tool comes with a data connector of your preference doesn’t necessarily mean it’ll be user-friendly. Some data connectors are difficult to set up, which can make it hard for end users to move data. Therefore, compare the user-friendliness of connectors before deciding on a data integration tool.

2- Automation for Ease of Use

A data integration tool should minimize manual efforts that are required during data integration. Some things your tool should automate include:

• Management of data types: Changes in schema can alter the type of a specific value, i.e., from float to integer. A data integration tool shouldn’t need manual intervention to reconcile data between the source and target system.
• Automatic schema evolution: As applications change, they can alter the underlying schemas (e.g. adding/dropping columns, changing names). Your tool’s connectors should accommodate these changes automatically without deleting fields or tables. This ensures that your data engineers don’t have to perform fixes after the data integration process. Look for a tool that supports automatic schema evolution.
• Continuous sync scheduling: Based on how often your organization needs data to be updated, choose a tool that offers continuous sync scheduling. This feature allows you to set fixed intervals to sync data at regular and short intervals. For instance, you can set your CRM system to sync data with your data warehouse every hour. If you want more convenience, you can look for a data integration tool that supports real-time integration, allowing you to move data within a few seconds.

3- Flexible Replication Support to Copy Data in Multiple Ways

Based on your needs, you might need to replicate data in more ways than one. That’s why your data integration should have flexible support on how you can replicate your data.

For example, full data replication copies all data — whether it’s new, updated, or existing — from source to destination. It’s a good option for small tables or tables that don’t have a primary key. However, it’s not efficient, as it can take more time and resources.

Alternatively, log-based incremental replication copies data by reading the data logs, tracking changes, and updating the target system accordingly. It’s more efficient as it minimizes load from the source since it only streams changes unlike full data replication, which streams all data.

Even if you feel you only need a specific type of replication right now, consider getting a tool that offers more flexibility, so you can adapt as your organization scales up.

4- User Documentation to Get the Most Out of the Tool

One thing that is often overlooked while choosing a data integration tool is the depth and quality of user documentation. Once you start using a data integration tool, you’ll need a guide that can explain how to install and use the tool as well as provide resources, such as tutorials, knowledge bases, user guides, and release notes.

Poor or incomplete documentation can lead to your team wasting time if they get stuck on a particular task. Therefore, make sure your prospective tool offers comprehensive documentation, enabling your users to get maximum value from their tool.

5- Security Features for Data Protection

On average, a cyber incident costs more than $9.05 million to U.S. companies. That’s why you need to prioritize data security and look for features in your tool that can help you protect sensitive data. Over the last few years, cyber-attacks have wreaked havoc across industries and compromised data security for many organizations. These attacks include ransomware, phishing, spyware, etc.

Not all users in your organization should have the authorization to create, edit, or remove data connectors, data transformations, or data warehouses or perform any other sensitive action. Get a tool that allows you to grant different access levels to your team members. For example, you can use read-only mode to ensure that an intern can only read information. Or you can grant administrative mode to a senior data architect, so they can use the features to transform data.

Your tool also needs to support encryption so you can mask data as it travels from one system to another. Some of the supported encryption algorithms that you need to be looking at for these tools include AES and RSA.

6- Compliance With Data Regulations

Regulatory compliance for data is getting stricter all the time, which means you need a tool that’s certified with the relevant regulatory bodies (e.g., SOC 2). You might have to meet a lot of requirements for compliance based on your company’s or user’s location. For example, if your customers live in the EU, then you need to adhere to GDPR requirements. Failure to do so can result in hefty penalties or damage to brand image.

There will be a greater need to prioritize compliance if you belong to an industry with strict regulatory requirements, such as healthcare (e.g., HIPAA). That’s why a data integration tool should also support column blocking and hashing — a feature that helps to omit or obscure private information from the synced tables.

Trial Your Preferred Data Integration Tool Before Making the Final Decision

Once you’ve narrowed down your search to the data integration tools that have the right features for your needs, you should test them for yourself. Most vendors provide a free trial that can last a week or more — enough time for you to connect it with your systems and assess it. Link data connectors with your operational sources and data repositories like a data lake or data warehouse and see for yourself how much time it takes to synchronize your data or how convenient your in-house users find your tool to be.

For starters, you can sign up for Striim’s demo, where our experts will engage you for 30 minutes and explain how Striim can improve real-time data integration in your organization.

In today’s world, analyzing data as it’s generated is a key commercial requirement. A survey by Oxford Economics found that only 42% of executives can use data for decision-making. The lack of data availability impedes an organization’s ability to use data to improve customer experiences and internal operations. 

A modern real-time analytics tool can empower businesses to make faster, well-informed, and more accurate decisions. By acting immediately on the information your data sources generate, these tools can improve the efficiency of your business operations. According to McKinsey, organizations adopting data analytics can improve their operating margins by 60%. However, choosing a real-time analytics tool can be tricky because one might not know what type of criteria to use while looking for a tool.

Your decision-making has a major impact on your organization’s operations for a long time, so you need a reliable real-time analytics tool to support it. Here are some considerations that can help in that regard. 

Non-intrusive collection of data from operational sources

Modern businesses often deal with data streams — the continuous flow of data generated by a wide range of operational data systems. For example, a retailer can analyze transactions in real time to see if there’s any insight that indicates credit card fraud.

An operational data system generates data related to a business’ day-to-day operations. This can simply be inventory data for a manufacturing plant or customer purchase data for a retailer. A real-time analytics solution needs to support the collection of these streams from their sources. 

For most businesses, data isn’t collected from a single source. Data are split into different sources based on different departments and their teams. Before performing real-time analytics on these data, you have to consolidate them into a single source of data. 

It’s also important to look into the change data capture (CDC) approach your tool uses to collect and update data. If it uses triggers, then it can affect the performance of the source system by requiring multiple write operations to the source system. This interference to the system’s performance can be removed by using a tool that supports log-based CDC. 

Unlike other CDC approaches, log-based CDC doesn’t affect the source system’s performance as it doesn’t scan operational tables. For this reason, you need a real-time analytics solution that provides non-intrusive data collection from multiple operational sources. 

Pre-built data connectors to get real-time data from multiple sources

A data connector is a software or process that can transfer data from a data source to a destination. For example, if you are looking to collect real-time data about customer metrics (e.g., customer effort score) and analyze them to improve your customer experiences, then you need a data connector to collect that data from your CRM and send them to a data warehouse. Over time, your data engineers can spend a lot of their time working on custom data connectors. 

As an organization scales up, there comes a time when it becomes hard to manage data extraction from sources to the data warehouse. That’s because it also exponentially increases the number of required custom connectors, which increases the burden on the data engineering team. A real-time analytics solution that comes with pre-built data connectors can solve this problem. 

Building connectors by yourself can take considerable time. Things don’t end with the development of connectors; you also have to maintain them. A tool with pre-built connectors can eliminate this burden. Pre-built connectors are designed to ensure that end-users can add or remove data sources with a few clicks without requiring help from specialists. Your development team can then focus their time on other critical tasks, such as creating dashboards or building machine learning algorithms.

Data freshness SLAs to build trust among business users

A service level agreement (SLA) is a contract between two parties that defines the standard of service that a vendor will deliver. SLAs are used to set realistic and measurable expectations for customers.

Similarly, you need an SLA that can set clear expectations regarding your tool’s data freshness. Data freshness is necessary because business users need to know that the data they are using to make reports or decisions aren’t outdated. A data freshness SLA is a guarantee that can help to build that trust. 

Data freshness means how up-to-date or recent the data are. Data can be updated every day, every hour, or every few seconds. A data freshness SLA is a contract that an organization signs with the vendor. It describes how recent data are being delivered by the tool to the target users.

In-flight data transformations to organize information

Around 90% of the data produced every day are unstructured. To make this data organized and meaningful, organizations need to apply data transformations. For this purpose, you need to look for a tool that can transform data in motion. 

Data transformation converts data from one format to another format that is compatible with the target application or system. Companies perform data transformation for different reasons, such as changing the formatting. The basic data transformations include: 

• Joining: Combining data from two or more tables. 
• Cleaning: Removing duplicate or incomplete values. 
• Correlating: Showing a meaningful relationship between metrics. 
• Filtering: Only selecting specific columns to load. 
• Enriching: Enhancing information by adding context. 

Often businesses fail to derive value from raw data. Data transformation can help you to extract this value by doing the following:

• Adding contextual information to your data, such as timestamps. 
• Performing aggregations, such as comparing sales from two branches. 
• Making your data usable while sending it to a data warehouse by changing its data types, so the latter’s users can view it in a usable format. 

Streaming analytics and delivery to get real-time insights

Streaming analytics refers to analyzing data in motion in real time, which can be used to derive business insights. It relies on continuous queries for analyzing data from different sources. Examples of this streaming data include web activity logs, financial transactions, and health monitoring systems. 

Streaming analytics are important because they help you to predict and identify key business events as soon as they happen, enabling you to maximize gain and minimize risk. For example, streaming analytics can be used in advertising campaigns where it can analyze user interest and clicks in real time and show sponsored ads accordingly. 

Once your tool is done performing analytics, it needs to send fresh data to your target systems, which can be a CRM, ERP, or any other operational system. 

Choose a real-time analytics tool that delivers all of these features

It’s no longer good enough to have a real-time analytics tool that performs some of these operations. As data increases in volume and speed across different industries, you need all the features above to get maximum value out of analytics. One of the tools that is equipped with all these features is Striim.   

Striim supports real-time data enrichment, which other tools like Fivetran and Hevo Data don’t offer. Similarly, tools like Qlik Replicate only support a few predefined data transformations, whereas Striim allows you to not only build complex in-flight data transformations but also filter logic with SQL. Sign up for a demo right now to learn more about how Striim can help you generate valuable business insights. 

 

Apache Kafka has proven itself as a fast, scalable, fault-tolerant messaging system, chosen by many leading organizations as the standard for moving data around in a reliable way.

However, Kafka was created by developers, for developers. This means that you’ll need a team of developers to build, deploy, and maintain any stream processing or analytics applications that use Kafka.

Striim is designed to make it easy to get the most out of Kafka, so you can create business solutions without writing Java code. Striim simplifies and enhances Kafka stream processing by providing:

1. Continuous ingestion into Kafka and a range of other targets from a wide variety of sources (including Kafka) via built-in connectors
2. UI for data formatting
3. In-memory, SQL-based stream processing for Kafka
4. Multi-thread delivery for better performance
5. Enterprise-grade Kafka applications with built-in high availability, scalability, recovery, failover, security, and exactly-once processing guarantees

5 Key Areas Where Striim Simplifies and Enhances Kafka Stream Processing

1. Ingestion from a wide range of data sources with Change Data Capture support

Striim has over 150 out-of-the-box connectors to ingest real-time data from a variety of sources, including databases, files, message queues, and devices. It also provides wizards to automate developing data flows between popular sources to Kafka. These sources include MySQL, Oracle, SQL Server, and others. Striim can also read from Kafka as a source.

Striim uses change data capture (CDC) — a modern replication mechanism — to track changes from a database for Kafka. This can help Kafka to receive real-time updates of database operations (e.g., inserts, updates).

2. UI for data formatting

Kafka handles data at the byte level, so it doesn’t know the data format. However, Kafka consumers have varying requirements. They want data in JSON, structured XML, delimited data (e.g., CSVs), plain text, or other formats. Striim provides a UI — known as Flow Designer — that includes a drop-down menu, that lets users customize data formats. This way, you don’t have to do any coding for data formatting.

3. TQL for flexible and fast in-memory queries

Once data has landed in Kafka, enterprises want to derive value out of that data. In 2014, Striim introduced its streaming SQL engine, TQL (Tungsten Query Language)  for data engineers and business analysts to write SQL-style declarative queries over streaming data including data in Kafka topics. Users can access, manage, and manipulate data residing in Kafka with Striim’s TQL. In 2017, Confluent announced the release of KSQL, an open-source, streaming SQL engine that enables real-time data processing against Apache Kafka. However, there are some significant performance differences between TQL and KSQL.

In a benchmarking study, TQL was observed to be 2–3 times faster than KSQL using the TCPH benchmark (as shown in the execution time chart above). This is because Striim’s computation pipeline can be run in memory, while KSQL relies on disk-based Kafka topics. In addition to speed, TQL offers additional features including:

• Windows: You cannot make attribute-based time windows with KSQL. It also doesn’t support writing multiple queries for the same window. TQL supports all forms of windows and lets you write multiple queries for the same window.
• Queries: KSQL comes with limited aggregate support, and you can’t use inner joins in it. Meanwhile, TQL supports all types of aggregate queries and joins (including inner join).

4. Multi-thread delivery for better performance

Striim has features that can improve performance while handling large amounts of data in real time. It uses multi-threaded delivery with automated thread management and data distribution. This is done through Kafka Writer in Striim, which can be used to write to topics in Kafka. When your target system struggles to keep up with incoming streams, you can use the Parallel Threads property in Kafka Writer to create multiple instances for better performance. This helps you to handle large volumes of data.

5. Support for mission-critical applications

​​Striim delivers built-in, exactly-once processing (E1P) in addition to the security, high availability and scalability required of an enterprise-grade solution. Using Striim’s Kafka Writer, if recovery is enabled, events are written in order with no duplicates (E1P). This means that in the event of cluster failure, Striim applications can be recovered with no loss of data.

Take Kafka to the Next Level: Try Striim

If you want to make the most of Kafka, you shouldn’t have to architect and build a massive infrastructure, nor should you need an army of developers to craft your required processing and analytics. Striim enables Data Scientists, Business Analysts and other IT and data professionals to get the most value out of Kafka without having to learn, and code to APIs.

See for yourself how Striim can help you take Kafka to the next level. Start a free trial today!

 

Before stream processing became essential for businesses, batch processing was the standard. Today, batch processing can feel outdated—can you imagine having to book a ride-share hours in advance or playing online multiplayer games with significant delays? What about trading stocks based on prices that are minutes or hours old?

Fortunately, stream processing has transformed how we handle real-time data, eliminating these inefficiencies. To fully grasp why stream processing is crucial for modern businesses, it’s important to first understand batch processing. In this guide, we’ll explore the fundamentals of batch processing, compare batch processing vs stream processing, and provide a clear batch processing definition for your reference. 

Batch Processing Definition: What is Batch Processing? 

Batch processing involves collecting data over time and processing it in large, discrete chunks, or “batches.” This data is moved at scheduled intervals or once a specific amount has been gathered. In a batch processing system, data is accumulated, stored, and processed in bulk, typically during off-peak hours to reduce system impact and optimize resource usage.

Batch processing does still have various uses, including: 

• Credit card transaction processing 
• Maintaining an index of company files 
• Processing electric consumption for billing purposes once monthly 

“Batch will always have its place,” shares Benjamin Kennady, a Cloud Solutions Architect at Striim. “There are many situations and data sources where batch processing is the only technical option. This doesn’t negate the value that streaming can provide … but to say it’s outdated compared to streaming would be incorrect. Most organizations are going to require both.” 

Batch processing, however, isn’t ideal for businesses that need to respond to real-time events—hence why its use cases are fairly limited. For immediate data handling, stream processing is the solution. Stream processing processes and transfers data as soon as it is collected, allowing businesses to act on current information without delay.

“There are many use cases where the current pipeline built using batch processing could be upgraded into a streaming process,” says Kennady. “Real time streaming unlocks potential use cases that aren’t available when using batch, but batch is relatively simpler to manage is one way to view the tradeoff.” 

Batch Processing and Batch-Based Data Integration 

When discussing batch processing, you’ll often hear the term batch-based data integration. While related, they differ slightly. Batch processing involves executing tasks on large volumes of data at scheduled intervals, such as generating reports or processing payroll. Batch-based data integration, however, specifically focuses on moving and consolidating data from various sources into a target system in batches. In short, batch-based data integration is a subset of batch processing, with its primary focus on unifying data across systems.

How does Batch Processing Work? 

Logistically speaking, here’s how batch processing works. 

1. Data collection occurs. 

Batch processing begins with the collection of data over time from several sources. This data is stored in a staging area, and may include transactional records, logs, sensor data, inventory data, and more.

2. Batches are created. 

Once you collect a predefined quantity of data, it gets assembled to form a batch. This batch could be made based on specific triggers, such as the end of a day’s transactions or reaching a certain data volume.

3. Batch processing occurs. 

Your batches are processed as a singular unit. Processing includes executing data transformation tasks including aggregations, calculations, and conversions, which are required to produce the final output.

4. Results are transferred and stored. 

After processing, the results are typically stored in a database or data warehouse. The processed data may be used for reporting, analysis, or other business functions.

The most important thing to remember about this process is that it is performed only at scheduled intervals. Depending on your business requirements and data volume, you can determine if you’d like this to occur daily, weekly, monthly, or as necessary.

Let’s dive deeper and compare batch processing vs stream processing to get a clearer understanding of key differences. 

Batch Processing vs Stream Processing: What’s the Difference? 

While batch processing and stream processing aim to achieve the same result—data processing and analysis—the way they go about doing so differs tremendously.

Batch processing: 

• Processes data in bulk: Data is collected over time and processed in large, discrete batches, often at scheduled intervals (e.g., hourly, daily, or weekly).
• Latency is higher: Since data is processed in batches, there is an inherent delay between when data is collected and when it is analyzed or acted upon. This makes it suitable for tasks where real-time response isn’t critical.
• Inefficient for real-time needs: While batch processing can handle large volumes of data, it delays action by processing data in bulk at scheduled times, making it unsuitable for businesses that need real-time insights. This lag can lead to outdated information and missed opportunities.

Batch processing isn’t inherently bad; it’s effective for tasks like large-scale data aggregation or historical reporting where real-time updates aren’t critical. However, stream processing is a better fit in certain scenarios. For example, technologies like Change Data Capture (CDC) capture real-time data changes, while stream processing immediately processes and analyzes those changes. This makes stream processing ideal for use cases such as operational analytics and customer-facing applications, where stale data can lead to missed insights or a poor user experience.

Stream processing’s use cases include: 

• Processes data in real-time: Stream processing continuously processes data as it’s collected, enabling immediate analysis and action. This capability is crucial for businesses that rely on up-to-the-minute insights to stay competitive, such as in fraud detection, stock trading, or personalized customer interactions.
• Low latency: Stream processing delivers results with minimal delay, providing businesses with real-time information to make timely and informed decisions. “Real time streaming and processing of data is most crucial for dynamic environments where low-latency data handling is required,” says Kennady. “This is vital for dynamic datasets that are continuously changing. Anywhere you have databases or datasets changing and you need a low latency replication solution is where you should consider a data streaming solution like Striim.” This speed is essential for applications where every second counts, ensuring rapid responses to critical events.
• Maximized system performance: While stream processing requires continuous system operation, this investment ensures that data is always up-to-date, empowering real-time decision-making and giving businesses a competitive edge in fast-paced industries. The always-on nature of stream processing ensures no opportunity is missed.

That being said, modern data streaming platforms, such as Striim, can still support batch processing should you choose to use it. “Batch still has its role in the modern world and Striim fully supports it via its initial load capabilities,” says Dmitriy Rudakov, Director of Solution Architecture at Striim. 

Batch Processing Example 

Let’s walk through a batch processing example, using a bank for example. In a traditional banking setup, batch processing is often used to generate monthly credit card statements. It usually works like this: 

1. Data Accumulation: Throughout the month, the bank collects all credit card transactions from customers. These transactions include purchases, payments, and fees, which are stored in a staging area.
2. Batch Processing: At the end of the month, the bank processes all collected transactions in one large batch. This involves calculating totals, applying interest rates, and preparing the statements for each customer.
3. Statement Generation: After processing the batch, the bank generates and sends out the statements to customers.

Batch processing is well-suited for tasks like statement generation, where the process only needs to occur periodically, such as once a month. In this case, there’s no need for real-time updates, and the focus is on processing large volumes of data at scheduled intervals. 

If we tried to use the same batch processing pipeline for a more operational use case like fraud detection, we’d face several challenges, including:

• Delayed Insights: Because transactions are processed in bulk at the end of the month, any discrepancies or issues, such as fraudulent charges, are only identified after the batch processing is complete. This delay means that customers or the bank may not detect and address issues until after they’ve had a significant impact.
• Missed Opportunities for Immediate Action: If a customer reports a suspicious transaction shortly after it occurs, the bank might not be able to take immediate action due to the delay inherent in batch processing. Real-time fraud detection and response are not possible, potentially allowing fraudulent activity to continue for weeks.
• Customer Dissatisfaction: Customers who experience issues with their transactions or statements must wait until the end of the month for resolution, leading to potential dissatisfaction and erosion of trust.

However, by leveraging stream processing instead, the bank gains the ability to analyze transactions as they occur, enabling real-time fraud detection, immediate customer notifications, and quicker resolution of issues. “In any use case where latency or speed is important, data engineers want to use steaming instead of batch processing,” shares Dmitriy Rudakov. “For example if you have a bank withdrawal and simultaneously there’s an audit check or some other need to see an accurate account balance.”

This approach ensures that both the bank and its customers can respond to and manage transactions in real-time, avoiding the delays and missed opportunities associated with batch processing. Through this batch processing example, you see why stream processing is imperative for modern businesses to utilize. 

Stream Processing and Real-Time Data Integration 

Often when discussing stream processing, real-time data integration is also a key topic—similar to how batch processing and batch-based data integration go hand-in-hand. These two concepts are closely related and work together to provide immediate insights and ensure synchronized data across systems.

Stream processing involves the continuous analysis of data as it flows in, allowing businesses to respond to events and trends in real time. It handles data streams instantaneously to deliver up-to-the-minute information and actions. Stream processing platforms are essential for businesses aiming to harness real-time data effectively. According to Dmitriy Rudakov, “Striim supports real-time streaming from all popular data sources such as files, messaging, and databases. It also provides an SQL like language that allows you to enhance your streaming pipelines with any transformations.”

Real-time data integration, on the other hand, ensures that the processed data is accurately and consistently updated across various systems and platforms. By integrating data in real-time, organizations synchronize their databases, applications, and data warehouses, ensuring that all components operate with the most current information. Together, stream processing and real-time data integration offer a unified approach to dynamic data management, significantly enhancing operational efficiency and decision-making capabilities.

Four Reasons You Need Real-Time Data Integration

Now that you understand why batch processing falls short for modern businesses seeking to gain real-time insights, respond swiftly to critical events, and optimize operational efficiency, it’s clear that adopting stream processing is essential for meeting these needs effectively. Here are four reasons real-time data integration is a must-have. 

It enables quick, informed decision-making. 

According to Statista, in July 2024, 67% of the global population were internet users, each producing ever-larger amounts of data. Real-time integration enables businesses to act on this information quickly. 

Data from on-premises and cloud-based sources can easily be fed, in real-time, into cloud-based analytics built on, for instance, Kafka (including cloud-hosted versions such as Google PubSub, AWS Kinesis, Azure EventHub), Snowflake, or BigQuery, providing timely insights and allowing fast decision making.

The importance of speed can’t be understated. Detecting and blocking fraudulent credit card usage requires matching payment details with a set of predefined parameters in real time. If, in this case, data processing took hours or even minutes, fraudsters could get away with stolen funds. But real-time data integration allows banks to collect and analyze information rapidly and cancel suspicious transactions.

Companies that ship their products also need to make decisions quickly. They require up-to-date information on inventory levels so that customers don’t order out-of-stock products. Real-time data integration prevents this problem because all departments have access to continuously updated information, and customers are notified about sold-out goods.

Cumulatively, the result is enhanced operational efficiency. By ensuring timely and accurate data, businesses can not only respond to immediate issues but also optimize their operations for improved service delivery and strategic decision-making.

It breaks down data silos. 

When dealing with data silos, real-time data integration is crucial. It connects data from disparate sources—such as Enterprise Resource Planning (ERP) software, Customer Relationship Management (CRM) software, Internet of Things (IoT) sensors, and log files—into a unified system with sub-second latency. This consolidation eliminates isolation, providing a comprehensive view of operations.

For example, in hospitals, real-time data integration links radiology units with other departments, ensuring that patient imaging data is instantly accessible to all relevant stakeholders. This improves visibility, enhances decision-making, and optimizes operational efficiency by breaking down data silos and delivering timely, accurate information.

It improves customer experience. 

The best way to give customer experience a boost is by leveraging real-time data integration. 

Your support reps can better serve customers by having data from various sources readily available. Agents with real-time access to purchase history, inventory levels, or account balances will delight customers with an up-to-the-minute understanding of their problems. Rapid data flows also allow companies to be creative with customer engagement. They can program their order management system to inform a CRM system to immediately engage customers who purchased products or services.

Better customer experiences translate into increased revenue, profits, and brand loyalty. Almost 75% of consumers say a good experience is critical for brand loyalties, while most businesses consider customer experience as a competitive differentiator vital for their survival and growth.

It boosts productivity. 

Spotting inefficiencies and taking corrective actions is crucial for modern companies. Having access to real-time data and continuously updated dashboards is essential for this purpose. Relying on periodically refreshed data can slow progress, causing delays in problem identification and leading to unnecessary costs and increased waste.

Optimizing business productivity hinges on the ability to collect, transfer, and analyze data in real time. Many companies recognize this need. According to an IBM study, businesses expect that rapid data access will lead to better-informed decisions (44%). 

Real-Time Data Integration Requires New Technology: Try Striim

Real-time data integration involves processing and transferring data as soon as it’s collected, utilizing advanced technologies such as Change Data Capture (CDC), and in-flight transformations. Luckily, Striim can help. Striim’s CDC tracks changes in a database’s logs, converting inserts, updates, and other events into a continuous data stream that updates a target database. This ensures that the most current data is always available for analysis and action. Transform-in-flight is another key feature of Striim’s that enables data to be formatted and enriched as it moves through the system. This capability ensures that data is delivered in a ready-to-use format, incorporating inputs from various sources and preparing it for immediate processing.

Striim leverages these technologies to provide seamless real-time data integration. By capturing data changes and transforming data in-flight, Striim delivers accurate, up-to-date information that supports efficient decision-making and operational excellence. Ready to ditch batch processing and experience the difference of stream processing and real-time data integration? Book a demo today and see for yourself how Striim can fuel better decision-making, enhanced customer experience, and beyond. 

Introducing Striim Cloud on Google Cloud: a fully managed and unified cloud solution offering real time data streaming and integration

Insights-driven organizations grow an average of 30% per year, but with ever-increasing data sources, formats, and volumes, it’s a huge undertaking to integrate and unify it all. While homegrown tools, scripts, and third party utilities may offer temporary relief, it can become unwieldy to manage them across multiple teams and environments. And then you add in the need for low latency — because who wants stale data? — and the struggles with scalability to keep up with company growth.

With the release of Striim Cloud on Google. Remove data silos: Connect your sources and targets and manage your data pipelines within one console. Cloud, we’re excited to offer a solution for data scientists, database admins, and businesses that rely on data.

Starting today, Striim Cloud can be purchased on the Google Cloud marketplace. Striim Cloud on Google Cloud delivers five key benefits:

1. Get started quickly: Launch smart data pipelines within ten minutes of sign up.
2. Remove data silos: Connect your sources and targets and manage your data pipelines within one console.
3. Reduce total cost of ownership: Replace multiple tools with a single platform. Pay as you go based on consumption and quickly scale as needed.
4. Ensure business continuity: Protect your business with daily backups, disaster recovery, uptime SLA of 99.5% and high availability.
5. Rest easy with enterprise-grade features: Proven at enterprise scale with petabytes of data securely and reliably moved every day to the cloud.

Striim Cloud is built on our popular Striim Enterprise platform – proven at enterprise scale. Even though Striim Cloud is designed with simplicity in mind, it is also secure, reliable, and comprehensive.

Striim Cloud gives you extensive options to control and customize your data pipelines. Services come with daily backups, built-in disaster recovery and an uptime SLA of 99.5%. This blog will take you through a sample use case, but Striim Cloud is capable of much more than this specific use case.

Striim Cloud offers great return-on-investment and delivers immediate value to cloud customers as shown below:

Striim Cloud Example Use Case: Build a Ticketing Application on Google BigQuery

To give you a quick tour of Striim Cloud, we’re going to walk through a use case for a ticketing application used to sell tickets for football and baseball games. The app is running an on-premise Oracle database. Our objective is to move data to BigQuery with millisecond latency so we can analyze the data and glean insights — like the number of tickets sold by game, by state, or by stadium — to facilitate real-time business decisions. The same flow is shown in the architecture diagram below, along with other capabilities of Striim Cloud on Google Cloud.

Start by going to the Striim Cloud Enterprise solution on the Google Cloud Marketplace. Go through the standard marketplace SaaS solution purchase flow and sign up with Striim Cloud as shown in the image below. Alternatively, you can also sign up for the trial from Striim.com.

 

 

Once you sign up for Striim Cloud, it takes less than ten minutes to get your first data pipeline up and running through a simple and intuitive user flow. It’s a three step process:

1. Create a cloud service
2. Create a Striim app for your data pipeline
3. Set up content and speed

Create a cloud service: 

In this step you only need to provide the cluster name — Striim Cloud applies smart defaults for everything else. However, if desired you can change the default cluster size, modify security options, sign-in options, user roles, and more.

Create an app for your smart data pipeline:

Next, you create a Striim app — essentially a data pipeline — using drag-and-drop elements or a wizard-based flow. Once again, Striim Cloud automatically applies smart defaults in the app. In our example, we’re creating an Oracle to BigQuery pipeline with source and target credentials for Striim Cloud to connect securely. Striim Cloud connects and validates the connection in this step for a better user experience.

Set up content and speed: 

In the third and final configuration steps, select content like schemas, collections, and tables on the source and map to the corresponding schemas, collections, and tables on the target. Striim Cloud automatically does most of the heavy lifting including auto-schema conversions and data-type conversions.

Striim Cloud offers many advanced features such as data transform, enrich, mask, encrypt, and correlate in the pipeline.

As your data is ingested and delivered, you can monitor its progress and watch real-time ticket data landing in BigQuery. With Striim Cloud, you can easily create actionable data insights and a dashboard for a real-time view of ticket sales data.

Striim Cloud offers many more features and capabilities for real-time data streaming and analytics. Learn more about Striim Cloud here and contact us for a trial or demo.

 

More than a decade ago, Microsoft launched Project Florence. This was a research wing created to resolve issues developers faced while building large-scale applications within Microsoft. After some time, Microsoft realized developers around the world also faced these challenges while creating globally distributed applications. This led to the release of Azure DocumentDB in 2015. Over the years, it received more features and updates and evolved into Azure Cosmos DB. Thanks to the countless benefits of Cosmos DB, it’s one of the most popular NoSQL databases today.

Cosmos DB is a NoSQL database designed to handle large workloads on a global level. It offers a plethora of features that can make database creation and management easier, and it also ensures that your database is scalable, reliable, and available.

1. You can use APIs to store data in different models

A relational database is only required when you need a normalized data structure — comprised of rows and columns. Otherwise, you can take advantage of Cosmos DB’s multi-model capabilities. A multi-model database enables you to store data in multiple ways — relational, document, key-value, and column-family — in a single and integrated environment. When it comes to Cosmos DB, you can use APIs of different databases natively and use them to store data.

• SQL API: SQL API is the default Cosmos DB API. You can use it to write SQL to search within JSON documents. Unlike other Cosmos DB APIs, it also supports server-side programming, allowing you to write triggers, stored procedures, and user-defined functions via JavaScript.
• MongoDB API: MongoDB is one of the most popular NoSQL databases, and you can integrate with Cosmos DB by using MongoDB’s wire protocol via MongoDB API. This way, you can use MongoDB’s existing client drivers. Moreover, you can use this API to migrate your current MongoDB applications to Cosmos DB with some basic and quick changes.
• Cassandra API: Apache Cassandra is an open-source NoSQL wide column store database, which can be queried with a SQL-like language — Cassandra Query Language (CQL). Cosmos DB’s Cassandra API allows you to use CQL and Cassandra’s drivers and tools, such as cqlsh.
• Gremlin API: Cosmos DB Gremlin API uses Gremlin — a functional query language — to offer a graph database service. You can also use Gremlin to implement graph algorithms.
• Table API: Azure Table Storage is a NoSQL datastore used for storing a large amount of non-relational and structured data. You can use Table API to store and query data from Azure Table Storage.

2. You can replicate data globally for multiple regions

Typically, when you’re looking to create a large-scale globally distributed application, it’s accompanied by considerable work. Building such applications requires you to spend plenty of time planning a multi-center data environment configuration that can smoothly support your application.

Cosmos DB has been built as a globally distributed database, which means you don’t have to waste time planning your multi-center environment. You can configure Cosmos DB to replicate your data to all of your targeted regions. To minimize latency, look into where your users live and place the data closer to them. Cosmos DB will then deliver a single system image of your global database and containers, which are read and written locally by your application.

All global applications aim for high availability, so users of that data can access it without interruption. With Cosmos DB, you can run a database in several regions at once, which can improve your database’s availability. Even if a region is unavailable, Cosmos DB automates the handling of application requests by assigning them to other regions. This global distribution of data is turnkey — you can add or remove one or more geographical regions with a brief API call or a few clicks.

For instance, if you manage a SaaS application, it’s likely to get customer requests from around the world. Formats that store and track user experiences, such as session states, product catalogs, and JSON require accessibility with low latency. Cosmos DB’s globally distributed storage can help you store this data.

3. You can create social media applications

Social media is one of the niches where developers use Cosmos DB to store and query user generated content (UGC) — content users generate in the form of text, reviews, images, and videos. For instance, you can store the data of your social media network’s user ratings and comments in Cosmos DB. Blog posts, tweets, and chat sessions are also part of UGC.

UGC is a combination of free-form text, relationships, tags, and properties that are not governed by an inflexible structure. That’s why UGC is categorized as unstructured data. A relational database can’t store UGC due to its strict schema limitations. A NoSQL database like Cosmos DB can store UGC data more easily because it’s schema-free. Developers have more control to adapt their database to different types of data. In addition, this form of database also requires fewer transformations for data storage and retrieval than a relational database.

Since Cosmos DB is schema-free, you can use it to store documents with different and dynamic structures. For instance, what if you want your social media posts to contain a list of hashtags and categories? Cosmos DB can manage this by adding them as attributes without requiring any additional work. Unlike relational databases, you can make object mapping simple by setting comments under a social media post with a parent property in JSON. Here’s what it would look like:

{
“id”:”4322-bte4-65ut-200b”,
“title”:”My first post!”,
“date”:”2022-05-08″,
“createdBy”:User5,
“parent”:”dv13-sft3-353d-655g”
}

You have to enable your users to search and find content easily. For that, you can use Azure Cognitive Search to implement a search engine. This process doesn’t require you to write any code and is completed within a few minutes.

For storing social media followers, you can use the Gremlin API to use vertexes for each store. Similarly, you can set edges to create the relation of user A following user B. You can also make suggestions to users with common interests by adding a graph.

Use Striim’s native integration to unlock all the benefits of Cosmos DB

For all the benefits of Cosmos DB, there are some minor issues that plague its users. These users struggle to find native integration that supports document, relational, and non-relational databases as sources, hampering data movement into Cosmos DB. Another issue that plagues Cosmos DB users is the use of Batch ETL methods, which are unsuitable for a few use cases. Batch ETL methods read periodically from source data and write to target data repositories after a fixed time. That means all the data-driven decisions that are made after performing analytics on the target data repository are based on relatively old data.

As a unified data integration and streaming platform, Striim connects data, clouds, and applications with real-time streaming data pipelines.

Striim has come up with a solution for both problems. It offers native integration with Cosmos DB, which means you can use Striim to move data from a wide range of data sources, including Salesforce, PostgreSQL, and Oracle to Cosmos DB. Striim also supports real-time data movement, allowing you to replace your batch ETL methods in applications that need real-time analytics.

 

According to IDC, by 2025 nearly 30% of data generated will be real time. Storing data and waiting minutes, days, or hours will no longer be sufficient (or practical) in a world that expects instantaneous responses. Companies need to ensure that they invest in technology solutions that enable real-time analytics so they can respond to key business events within seconds or milliseconds.

And responding in real time gives businesses an edge over companies that don’t. For example, instead of missing a key social media trend, an eCommerce store can jump on the trend and catch a wave of sales that it would have otherwise missed. Or a manufacturer can be alerted to a slowdown on a specific piece of equipment, and initiate repairs before it causes devastating cascading effects.

Real-Time Analytics Business Drivers

What are the business drivers behind the growth in real-time analytics? We’ve identified four key themes: customer experience, continuous innovation, business optimization, and 24/7 operations.

Customer Experience

Customer experience encompasses various facets of a customer’s interactions with an organization. First of all, customers expect accurate and up-to-date information at all times. According to Qualtrics research, customers are 80% more likely to be loyal to a company that communicates proactively about supply chain or labor shortage issues.

Furthermore, providing a good customer experience means that an organization understands what customers need (sometimes better than they do), and provides goods and services to meet those needs. Using real-time analytics, companies can provide personalized experiences that feel as though they’re tailored to each customer, in real time. For example, an online makeup retailer can recommend specific cosmetics brands based on a shopper’s purchase history, current trends, and inventory status. Instead of being a one-size-fits-all experience, online shopping becomes a 1:1 experience at scale.

Continuous Innovation

Continuous innovation refers to the data-driven introduction of new services and features based on an ongoing evaluation of available information. New services or features should be quantifiable to ensure that their success and bottom-line impact can be measured. Success should be assessed holistically based on overall impact, not solely on individual impact. For example, a company may add a new service or feature that doesn’t make money directly, but leads to a better customer experience that can in turn improve their bottom line. Organizations should be willing to fail fast and discontinue things that aren’t improving customer experience or providing a benefit to customers.

Customer problems are a key source of innovation. By observing their own customers, organizations have access to a wealth of data to inspire innovation. Furthermore, companies can glean insights by observing the problems experienced by customers of other organizations in their industry. Companies can also innovate based on problems they experience internally that could affect the bottom line.

Business Optimization

Adding, growing, and retaining customers requires well thought out investments in technology. Companies need to be able to scale and optimize their infrastructure and technology on an ongoing basis. Furthermore, in order to retain and grow their customer base, companies have to continuously improve the performance of their products or services, their response times, the freshness of their data, and more. To do this they need to quantify and measure insights relating to their online presence, productivity, and internal processes. This enables them to make much better decisions on how to optimize their business.

Many companies are also faced with the challenges associated with using legacy systems to manage their data. These systems may be prohibitively expensive to replace, or have very long replacement timescales, but the data that’s contained within those systems may be crucial for analytics. It’s essential that companies look at all the data they have – no matter where it is – and make use of that in order to optimize their business.

Reputation cost has to be factored into investments as well. Customer experience, security, and up-to-date data all factor into a company’s reputation. Organizations have to improve how they look to their customers and to the market in general, while managing with the challenges posed by their legacy systems.

Global 24/7 Operations

In the not-so-distant past, banks were open just for a few hours in the middle of the day. There was no online presence and organizations had the luxury of running batch ETL jobs overnight and they could even take down pieces of infrastructure or pause databases.

However, in today’s world global organizations need to operate 24/7. Taking down systems is no longer an option. Furthermore, services also need to be scalable and on-demand to match daily and seasonal seasonal trends. For example, in the retail industry, Black Friday has expanded from a single day to almost an entire month where companies expect much higher demand on their services. The same goes for financial services companies during tax season. And companies in the travel industry typically have to scale up around the holidays and summer.

Companies need to be able to scale up all of the services they provide; not only their core services, but also their analytics services to deal with the increased data volumes during peak times. Organizations can’t afford downtime. Customers want to get things done on their schedule. If a company is going to have any downtime, they need to at least notify customers ahead of time and give them a maintenance window. But in general, customers expect all businesses to operate 24/7 so they can access their information whenever they want.

Furthermore, if an organization has siloed or globally distributed information, it needs to be centrally available for analytics and holistic decision making.

Distilling the Key Business Requirements Driving Real-Time Analytics

In summary, there are a number of different requirements that are driving the growth in demand for real-time analytics:

• All Information: Analytics must be available across all sources of information, including new services and legacy systems
• Current Information: The data used for analytics must be as close to real-time as possible to provide customers and the business with timely insights
• Scalable on-demand: ​​Systems need to grow as the business does, and be able to handle seasonal and daily changes in demand
• Globally Available: Analytics and access to data in general must be available wherever the business’s customers and employees reside
• No Downtime: Access to source systems should not be impacted by the need for analytics on the data in those systems
• Rapid Integration: New systems should be able to be added rapidly as sources for analytics as the business innovates
• Justifiable ROI: The investment in analytics and integration must be offset by improvements in the business

Next Steps: How to Choose the Correct Technology for Real-Time Analytics

Real-time analytics is a key component of digital transformation initiatives as companies strive to stay ahead of the competition. But there are many challenges in the journey to real-time, including how to leverage existing investments, and how to prevent or reduce downtime during the adoption of new systems.

Learn more about how to choose the correct technology for real-time analytics in our on-demand webinar “How to Build Streaming Data Pipelines for Real-Time Analytics”.

The webinar covers topics including:

• How to build real-time data streaming pipelines quickly, reliably, and at unlimited scale
• Why real-time data integration is an essential component of a streaming data pipeline
• Customer examples showing how streaming data pipelines enable companies to make informed decisions in real time

Watch the webinar here.

 

According to CGOC, 60% of data that’s collected today has lost some or all of its business value. Trends change rapidly; if an organization uses last month’s data to make a decision for a current problem, they may draw an erroneous conclusion, formulate the wrong response, or worse.

Today, organizations must respond to the real-time demands of their business by overhauling their data infrastructure. In this age of smartphones and IoT devices that work in real time, analyzing historical data in batches for all business tasks is not good enough. They need to do more by getting instantaneous insights through real-time analytics. This can help them to understand their customers better and respond to market changes quickly. According to Garner, by this year, more than 50% of business systems will make decisions based on real-time context data.

Real-Time Analytics Use Cases

The emergence of real-time analytics has allowed organizations to collect data from user interactions, machines, and operational infrastructure in real time. They can now act on data immediately — soon after it makes its way to their systems. This can help businesses earn a competitive edge by offering a broad array of use cases in different industries, including detecting fraud in finance, increasing the speed at which goods are delivered in the supply chain, and optimizing the management of inventory in manufacturing.

Real-Time Analytics for Supply Chain

Real-time analytics can be useful for addressing efficiencies in the supply chain. These inefficiencies are costly; they led to almost a loss of $2 billion in the UK. The supply chain industry has a complicated ecosystem due to the presence of several channels — both offline and online — and participants, such as vendors and manufacturers.

Supply chain management is always looking to improve cost savings, speed, and productivity, but the lack of real-time integration between all the external and internal stakeholders is a challenge. There’s also the equipment failure dilemma — a piece of equipment or machine is always vulnerable to failing at a critical time. Lastly, data related to supply and demand isn’t always reliable with batch processing since batch data can be a few hours (or days) old.

With the introduction of real-time analytics, the discussion has moved from merely automating processes to integrating data in real time and using it to make better decisions. Now, it’s possible to view real-time data feeds to manage the supply chain and plan better for demand and supply. Perhaps that’s why around 66% of supply chain leaders think that the use of analytics will be of critical importance to their operations in the future.

Optimizing route and train drivers

Logistics fleet managers can use real-time analytics to track shipping fleets and trucks, improve route optimization, and prevent bottlenecks, such as traffic issues, to ensure the swift and safe delivery of goods.

Modern data analytics software for transportation and logistics optimizes routes through a route planning algorithm. A route planning algorithm is fed real-time data to find the most affordable, efficient, and fastest route of delivery. For example, these algorithms can analyze real-time data on fuel consumption, weather conditions, and traffic patterns on key roadways to revise routes, minimize delivery time, and reduce the frequency of damaged and expired products. This is beneficial for drivers as well, as they can save time and avoid hurdles during their routes.

Over time, when real-time data is continuously aggregated, it can help to spot recurring issues faced by drivers. Many companies collect real-time data on fuel by installing fuel-level sensors in their vehicles. These sensors can provide data on fuel consumption, fuel level volumes, and locations and dates of refills. For instance, if two drivers drive on the same route and the sensors convey that one of them is using significantly more fuel, then the fleet manager can look into the matter.

Fleet managers can also use an electronic logging device (ELD) for driver behavior analytics. For instance, you can use an accelerometer and gyroscope with ELDs to collect real-time information on collision, braking, and harsh turning. This way, you can create awareness of safe driving among your drivers and avoid potential catastrophic future events by sending details to drivers about areas having dangerous turns.

Reducing operational risks

You can use real-time analytics to mitigate operational risks. Sometimes, there are unscheduled fleet or factory maintenance requirements that can hinder operations in the supply chain. With real-time analytics, data science–based methods can help you with estimating when your equipment might fail. For this purpose, thermal imaging, vibration analysis, infrared, and acoustics are used. Real-time analytics takes advantage of these technologies to measure and collect operations and equipment data in real time via remote sensor networks (e.g., oil sensors to detect debris from wear). This can help minimize maintenance costs.

For example, you can use an accelerometer to collect data for vibration analysis in your real-time analytics system. The accelerometer produces a voltage signal that shows the frequency and amount of vibration the machine is generating every minute or second. These signals are transformed as a fast Fourier transform (amplitude vs. frequency) or time waveform (amplitude vs. time).

With real-time analytics, vibration analysts can review this data through algorithms and assess the machine’s health and detect potential issues, such as electrical motor faults, misalignment, mechanical looseness, bearing failures, and imbalance. This also ensures that your technicians don’t always have to be in proximity to your factory for routine maintenance. In addition, it helps to know what issue your machine is facing, which can save a lot of time.

Improving supply and demand

Traditionally, supply chain management used enterprise resource planning (ERP) systems and disparate storage systems for data. This meant that shared data updates between stakeholders were based on a specific time period (e.g., daily or hourly). Today, supply and demand have constant fluctuations, making it necessary to collect and analyze data from suppliers in real time.

For example, you can view a key inventory metric in your supply chain dashboard: inventory turnover. A higher inventory turnover indicates that your products are moving quickly through the supply chain, and you are meeting the current demand. Similarly, you can analyze the latest sentiment data from social media for demand forecasting.

Real-Time Analytics for Finance

Few industries can use real-time analytics better than the finance industry. That’s because it’s synonymous with large amounts of data, extreme volatilities, and the need for detecting complex patterns in real time. Real-time analytics offers the capability to correlate, analyze, and perform actions on finance-related data like transactional data, company updates, market prices, and trading data. This data comes in large volumes from several sources every millisecond, and acting on it quickly is crucial for financial firms and banks.

Detecting stock market manipulation

Real-time analytics can help to identify trends of manipulation in markets, especially insider trading and price manipulations that are done to gain profit in real time. In stock trading, it’s common to gain profit by using dubious methods, such as insider trading or the artificial deflating/inflating of stock prices. Real-time analytics can be used to collect data from Twitter streams, newsfeeds, company announcements, and other external data streams to identify potential attempts to manipulate the market.

One of the techniques used to identify manipulation in stock pricing is Generative Adversarial Networks (GANs). In this model, a discriminator or a type of classifier is used to separate real data from fake data. A generator model is used to create fake data, which it does by getting feedback from the discriminator. The generator is used to create data that looks like manipulated stock prices, which it uses to train the generator to tell if price data is correct or fake.

Preventing money laundering

The banking sector often struggles with the detection of money laundering and payment fraud. It not only affects the bank financially but also damages its corporate image. Real-time analytics can help banks to use machine learning and Markov modeling to safeguard themselves from fraudulent activities.

Banks can use real-time analytics to transfer their specialized domain knowledge about how fraudulent behavior works to a set of rules that can analyze incoming streams of data in real time.

Markov models are used for modeling systems that undergo random changes. They model the probabilities of different states and identify the rate at which these states transition. This mechanism allows them to be used for recognizing patterns and making predictions — precisely why they are used for fraud detection to find rare transaction sequences. This way, banks can try to identify complex fraudulent activities where experienced criminals break down one transaction into multiple smaller transactions for money laundering.

Real-Time Analytics for Manufacturing

According to a BCG survey, 72% of manufacturer executives find advanced analytics “to be important.” Despite this, only 17% of them have been able to get “satisfactory” value out of it. There’s a lot of room for improvement and a shrewd implementation of real-time analytics can improve your operational efficiency.

Real-time analytics can help you to continuously track, control, and fine-tune manufacturing processes, such as managing inventory. It also allows you to view how your manufacturing plant is functioning in real time and can notify you about bottlenecks. This data can be collected from CRMs, ERPs, machines, sensors, and additional cameras installed in the facility.

Managing inventory

With real-time analytics, you can get an in-depth overview of what’s happening with your inventory in real time. This includes the sales potential, the cost of inventory, and the status of aging products. For instance, viewing a dashboard for aging products can ensure that you aren’t left with expired stock, so you can sell soon-to-be-expired items on a priority basis. You can use real-time analytics for inventory management in four ways:

• Descriptive analytics: It focuses on the “what,” i.e., what are your basic figures in inventory? These are numbers that are shown on dashboards. For instance, you can view a dashboard to check the cost per unit of the newly arrived items at the warehouse.
• Diagnostic analytics: Diagnostics analytics look for the root cause behind your reported data. For example, if you want to know why your organization experienced a Month-over-Month (MoM) growth, then diagnostic analytics can provide insights into the decisions that were the catalyst to it.
• Predictive analytics: Predictive analytics uses your real-time data to predict what the future has in store for you. For instance, real-time analytics can use the news of the outbreak of a new COVID-19 variant to warn you about the possible shortage of PPE equipment.
• Prescriptive analytics: Prescriptive analytics recommends the action that you need to take. For instance, it can tell you to fill 80% of orders for a client in a four-day time frame.

Use Striim to Power Your Real-Time Analytics Architecture

Regardless of which industry you operate in, you can use Striim to perform real-time analytics by using it as an intermediary between your source and target systems. Striim comes with plenty of convenient features. As a real-life example, take a brief look into how Striim transformed Ciena’s real-time analytics ecosystem.

Ciena is a prominent telecommunications equipment supplier. Ciena was looking to create a modern real-time analytics ecosystem to improve the customer experience and make sharing of data access easier. Ciena used Snowflake as a data warehouse for operational reporting. They used Striim as a real-time data analytics tool to replicate changes from Ciena’s data sources — Oracle, SQL Server, MySQL, Salesforce — to Snowflake. Striim collected, filtered, aggregated, and updated this data in real time. This amounted to loading nearly 100 million events per day, enabling Ciena’s business functions (e.g., accounting, manufacturing) to perform advanced real-time analytics with better speed and ease than before.

For starters, here’s what you can do with Striim.

• You can go through Striim’s large library of templates to find a wizard that allows you to connect and integrate your data sources. For instance, Striim can help you to move data from Oracle Database to Kafka, SQL Server CDC to Azure SQL DB, Oracle CDC to BigQuery, and many more.
• The wizard helps you create a data flow application. A data flow application allows you to define how you want to collect, process, and deliver data. This can be as simple as setting up a data source and a target system and moving data through them in real time through a stream.
• Your data flow applications can continuously ingest data, process it in real time, and deliver it to your targets with millisecond latency for real-time analytics and longer-range analyses including historical data.
• You can gain real-time, actionable insights from your streaming data pipelines through streaming analytics. Striim also lets you build dashboards to visualize your data flows in real time.
• You can configure built-in alerts in Striim for a wide range of metrics. In case of failures or errors, you can also set up automated workflows that trigger corrective actions.

To learn more about Striim, request a demo or free trial and see for yourself how Striim can be a useful addition to your real-time analytics architecture.