Running head: REAL-TIME DATA1Real-Time DataStudents NameInstitutional AffiliationREAL-TIME DATA2Real-Time DataSamsung Phone- Electronics IndustryBenefits Of Real-Time DataSamsung company operates in the electronic industry, and one of its major competitors inthe market is Apple Inc. The company has a market share of 18.8%. Real-time data can bebeneficial for the company in terms of getting a competitive advantage. Through real-time data,the company can gain insights that will help the company analyze the market and develop thebest approach. For example, real-time data can be used to analyze consumer behavior, which canbe used to improve efficiency in marketing production. Real-time data can also be used toanalyze risk in the market or business operation and improve the decision-making process (Yuanet al., 2018). Therefore, real-time data is essential to business since it helps companies to act fastbefore their competitors and mitigate any risk.Question 2: Data ProcessingThere are various types of data available for the company; however, it is not possible togather and analyze data in real-time. The amount of data depends on the company'sresponsibiliti ...
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