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 prices are updated in real-time, enabling traders to make quick investment choices. In technology, real-time data is often used in applications like social media feeds and traffic monitoring systems. These platforms provide users with up-to-the-minute information, enhancing user experience and decision-making. Overall, real-time data plays a vital role in improving efficiency and responsiveness across many industries.