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Hmm, well, your question kind of asks about two different things - Real Time Data Management, which is applicable when a huge amount of data is coming in a constant stream from, for example, industrial processes, and Spundge which is a real time content (RSS, blogs, etc.) aggregator. Spundge has been self-described as a “terminal for journalists.” I only know of Spundge secondhand, I haven’t personally used it, but from what I’ve heard and read it can be useful for writers and bloggers. Think of it as an alternative to Google Reader more than anything else, and if you are looking for Spundge alternatives, it would probably include Digg, Feedly and The Old Reader.
Here is an overview of Spundge, which goes into more detail.