Research Article

Event Forecasting in Real-Time Data Engineering: Predicting the Future at Scale

Authors

  • Maheshkumar Mayilsamy Independent Researcher, USA

Abstract

This comprehensive analysis explores the evolution of event forecasting in real-time data engineering, examining how organizations are transitioning from reactive monitoring to proactive decision-making frameworks. The article investigates the integration of stream processing, time-series analysis, and machine learning models that enable businesses to anticipate events before they materialize. It examines the strategic value of forecasting across multiple domains, including risk mitigation, resource optimization, and customer experience enhancement. The discussion spans various forecasting horizons from short-term operational concerns to long-term strategic planning, alongside an examination of the technical approaches underpinning modern systems—from statistical models to deep learning architectures. The analysis further addresses architectural considerations for implementing real-time forecasting systems, including stream processing foundations, time-series optimized storage, and scalable model serving. It confronts persistent challenges such as concept drift, data sparsity, and the fundamental tension between accuracy and latency, before concluding with emerging trends reshaping the forecasting landscape, including streaming transformers, explainable forecasting, reinforcement learning applications, and multi-modal approaches.

Article information

Journal

Journal of Computer Science and Technology Studies

Volume (Issue)

7 (10)

Pages

155-164

Published

2025-10-06

How to Cite

Maheshkumar Mayilsamy. (2025). Event Forecasting in Real-Time Data Engineering: Predicting the Future at Scale. Journal of Computer Science and Technology Studies, 7(10), 155-164. https://doi.org/10.32996/jcsts.2025.7.10.16

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Keywords:

Real-time forecasting, Stream processing, Concept drift management, Temporal transformers, Explainable predictions