When Does Real Time Matter?
There's hardly a technology out there that doesn't tout 'real-time' capabilities. What is real time, anyway? And when do you need it?
There's hardly a technology out there that doesn't tout 'real-time' capabilities. What is real time, anyway? And when do you need it?
It’s impossible to work in a technology-related field and not be bombarded by the term “real time.” It’s used in one way or another to describe some element of virtually every marketing technology product or service.
Web analytics systems claim real-time analytics, real-time data, real-time reporting, and real-time actionability. Ad servers boast of real-time scheduling and real-time targeting. Behavioral targeting systems claim real-time audience segmentation and real-time targeting (like the ad servers). Content management systems claim real-time personalization. E-commerce systems boast of real-time transaction processing. I’m sure there are many more, but you get the idea.
I first encountered the term 15 or 20 years ago. A Tom Clancy novel describes satellite images from the other side of the world transmitted and viewed simultaneously (in “real time”) by U.S. intelligence agencies. It seemed like a very cool concept. I never dreamed it would actually become part of my life.
According to Merriam-Webster OnLine, “real time” is “the actual time during which something takes place.”
Basically, real time means something happens instantaneously. I won’t split hairs here with serious technologists or scientists, those who worry whether the occurrence of events within milliseconds constitutes real time. For purposes of this analysis, let’s assume actions that occur within the same second constitute real time.
“Real time” is used with so little precision and in so many different ways, it’s incredibly overused and seriously misunderstood. Many technology vendors throw the term around with careless abandon, caring little for the confusion they create among clients and prospects. All too often real time is over-promoted as a product feature. When it does matter, few notice or understand. People have been desensitized by inappropriate uses of the term.
The term’s misuse creates misunderstanding both inside organizations and out in the market. Real time is expensive. Creating and managing technology applications that operate in real time require a lot of infrastructure, people, and processing power. These are unnecessary if you don’t mind if an action occurs “just in time” or “some time later on.”
A few examples:
If you don’t start targeting ads on the first visit, you may have lost most targeting opportunities. Users in research mode tend to consume lots of pages per visit but don’t necessarily make many visits. Miss them that first time, and money’s left on the table.
Real time’s appropriateness in advertising and marketing technologies is entirely dependent on the desired application. A significant line exists between strategic and tactical applications. It would be difficult to comprehensively itemize and analyze all the categories and system types that could operate in real time. At least ask, “Does it matter?”