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Fast Data

VoltDB / Fast Data

Fast Data

Fast data is the application of big data analytics to smaller data sets in near-real or real-time in order to solve a problem or create business value. The goal is to quickly gather and mine structured and unstructured data so that action can be taken.

Fast data is data in motion, streaming into applications and computing environments from hundreds of thousands to millions of endpoints – mobile devices, sensor networks, financial transactions, stock tick feeds, logs, retail systems, telco call routing, authorization systems, and more.

Systems and applications designed to take advantage of fast data enable companies to make real-time, per-event decisions that have direct, immediate impact on business interactions and observations. These systems operationalize the learning and insights that companies derive from big data.

Recently, we held a webinar, hosted by one of our engineers, entitled “Discussion & Demo — Machine Learning with True Real-Time Decisioning”. In it, we explored how intelligent real-time decisioning technology in machine learning helps you operationalize your analytics and take the next critical step in realizing your machine learning goals. It also featured a live demonstration showcasing machine learning for fraud prevention using VoltDB’s real-time data platform.

Redis has been one of the most popular in-memory key-value stores according to Stack Overflow’s Developer Survey. The popularity of open source Redis can be attributed to the perception that Redis is a “low cost” alternative to commercial software. While the software is free to download and use, the true costs of running Redis in a production environment are unfortunately not realized in the first few months. However, as companies grow, so does their data — as well as their performance requirements – and that is when Redis runs into speed bumps. We see numerous companies running into issues with Redis at scale, where there is a significant drop in performance, and hardware costs begin to pile up. Redis is also much harder to use at scale; no transaction support across shards being the primary issue.

5G isn’t just an incremental increase in speed and bandwidth, it’s the new face of the network and a key driver of the digital revolution. Until now, the technology was regarded as a buzzword, or something “just around the corner.” But with a number of public demonstrations, including at the recent 2018 Olympics, by industry leaders including Vodafone, Intel, Huawei, Verizon, and more, it’s safe to say that we have reached the era of 5G.