Description: Real-time decision-making refers to the process of analyzing data and making informed choices instantly, often in situations where time is a critical factor. This approach enables organizations and systems to respond quickly to events and changes in the environment, thereby optimizing their performance and effectiveness. Real-time decision-making relies on the collection and analysis of data at the moment, using advanced technologies such as artificial intelligence, data analytics, and edge computing. This means that decisions can be made at the location where data is generated, rather than relying on centralized processing, which reduces latency and improves response speed. This process is essential in various industries, from healthcare to manufacturing and logistics, where quick decisions can significantly impact outcomes. The ability to act on information in real-time not only enhances operational efficiency but also allows for better customer experiences and greater competitiveness in the market.
History: null
Uses: null
Examples: null
