Company
Date Published
Author
Saeed Barghi
Word count
2156
Language
English
Hacker News points
None

Summary

Storing and analyzing large amounts of data is no longer the primary focus for successful companies, as speed in providing relevant information to decision-makers has become more crucial. Streaming analytics help identify perishable insights, which require immediate attention to avoid missing business opportunities. However, many companies view implementing a streaming analytics platform as a complex and costly project. In reality, using the right technologies and tools can set up such a platform quickly and effectively. A solution that identifies fraudulent ATM transactions in real-time has been built using a simple architecture, leveraging Confluent Kafka for data buffering and KSQL for SQL-like querying capabilities. The high-level architecture is comprised of three steps: building and analyzing streams of data, ingesting streams into a data store in real-time, and visualizing the data in real-time. This solution utilizes SingleStore for data ingestion and storage, which integrates seamlessly with Confluent Kafka through SingleStore Pipelines. Zoomdata is used to visualize the data in real-time, leveraging its smart query engine and Data DVR technology to connect to the source data stream immediately, reflecting changes as they occur.