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Published in:
2013 | OriginalPaper | Chapter
1. Brave New Realtime World: Introduction
Authors : Alexander Paprotny, Michael Thess
Published in: Realtime Data Mining
Publisher: Springer International Publishing
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Abstract
The chapter offers a general introduction to methods of realtime analytics and sets out their advantages and disadvantages as compared with conventional analytics methods, which learn only from historical data. In particular, we stress the difficulties in the development of theoretically sound realtime analytics methods. We emphasize that such online learning does not conflict with conventional offline learning but, on the opposite, both complement each other. Finally, we give some methodical remarks.