As speculation about Apple’s iWatch grows – will it be a snap bracelet? will it replace the iPhone? – it got me thinking about a watch (of all things) supporting the vision of real-time analytics. What sounds stupid at first (the notion of an old-fashioned personal device, around for 5 centuries with little to no innovation over such a long period, inspiring a 21st century topic such as real-time analytics) has some merits if you think about it twice.
First off, wearable computing devices are real business. According to tech analyst Juniper Research, the next-gen wearable devices market, including smart glasses, will be worth more than $1.5 billion by 2014, up from just $800 million this year.
While the majority of those devices are sold in the context of fitness and healthcare scenarios, there is applicability in modern enterprises. In fact any business process that can benefit from real-time analytics can leverage computing devices that are “at hand” and travel with us easily.
So what business processes can benefit from real-time analytics?