Real-time data refers to information that is collected and processed instantly, allowing for immediate analysis and response. This type of data is crucial in various fields, such as finance, healthcare, and transportation, where timely decisions can significantly impact outcomes. For example, stock market platforms use real-time data to provide traders with up-to-the-minute prices and trends. In technology, real-time data is often facilitated by systems that can handle large volumes of information quickly. Tools like streaming analytics and IoT devices enable businesses to monitor operations and customer behavior in real time, enhancing efficiency and improving service delivery.