From the course: Building Event-Driven Applications In Go

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Common use cases of event driven applications in real-world applications

Common use cases of event driven applications in real-world applications

From the course: Building Event-Driven Applications In Go

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Common use cases of event driven applications in real-world applications

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- [Instructor] Event-driven architecture has emerged as a critical paradigm in modern software development. Like you already know by now, it enables systems to respond to event in real time and handle large volumes of data with high efficiency. In this video, I want us to take a look at common use cases of event-driven architecture across various industries and looking at the different components that they're made up of, and, of course, illustrating their significance. Firstly, real-time data processing and analytics. In the financial sector, real-time data processing is crucial for tasks such as fraud detection, algorithmic trading, and risk management. Event-driven systems can process and analyze vast amounts of transaction data and market feeds instantaneously, enabling them to make decisions quickly. For typical event-driven architectures, the producers could be stock market feeds, could be transaction logs, could be card checkout attempts, could be transaction attempt and…

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