Explain importance of microservices and what are the realtime use cases from your experience

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Accepted Answer

Microservices are important for scalability, flexibility, and fault isolation. Real-time use cases include e-commerce, banking, and IoT.

Microservices allow for independent development and deployment of small, focused services.
They enable scalability by allowing each service to be scaled independently.
Microservices provide flexibility to choose different technologies for different services.
They facilitate fault isolation, as failures in one service do not affect others.
Real-time use cases include e-commerce platforms with multiple services like inventory management, payment processing, and order tracking.
Banking systems can benefit from microservices for account management, transaction processing, and fraud detection.
Internet of Things (IoT) applications often use microservices for device management, data processing, and analytics.

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