Latency
The period of time between the point when the data is created and the point when it is available for use.
- •Real-time or near real-time availability of data for immediate operational decisions and actions.
- •Enhanced ability to monitor dynamic situations and respond quickly to events.
- •Improved performance of time-sensitive applications (e.g., fraud detection, algorithmic trading).
- •Better customer experience through instant access to up-to-the-second information.
- •Delayed availability of critical data, hindering timely responses and effective decision-making.
- •Inability to effectively manage real-time operations or capitalize on fleeting opportunities.
- •Poor performance or failure of applications that require low-latency data.
- •Suboptimal customer experience if information or services are delayed.
Duration
Logistics: Real-time crane position data and reefer temperature alerts are available to the planning and monitoring systems within seconds of the event.
Financial Trading: A low-latency market data feed provides stock price updates within milliseconds of market changes.
Emergency Services: Ambulance location data is transmitted to the dispatch center with sub-second latency.
Logistics: It takes 24 hours for gate move data (container entering/leaving terminal) to appear in the central reporting system, delaying operational analysis.
Financial Trading: Real-time stock price data feed has a 15-minute delay, making it unsuitable for high-frequency trading decisions.
Emergency Services: GPS location updates from emergency vehicles are delayed by 5 minutes, impacting dispatch efficiency.