The Oak passes info via the Particle cloud (or some other WiFi/internet connected site). If you send data at more than a few transfers/sec, the cloud software will throw you off for hogging too many resources. The Oak can respond to hardware events, as PeterF said, via interrupts ect. At 80 MHz processor, it is fast for an Arduino compatible system, but slow compared to a desktop.
If you want to "see" data with a time resolution of a few milliseconds, you will not be able to with this type low frequency cloud transmission. Even a USB connection to a Arduino or such is most often trading data at say 115,200 baud -- and this can be slow for some events.
The Oak can read and/or react to a fairly high frequency event stream -- possibly storing data or acting on it as generated. You can get a "dump" via a micro SD card, for example, or be informed when a value meets some criterion. Just not if the value you are wanting to react to changes more rapidly than a few Hz.
Affordable sensors such as the common DHT22 humidity sensor typically take 1 to 3 seconds to make and transmit a set of readings to the Arduino/Oak. More money buys speed and takes more money for faster communication and faster computers.
You can do a lot w these MCU's -- if you can be more specific about what timeframes you need to resolve, you can get some more specific input. When I use my phone, via the cloud to tell my Oak to mute my stereo in the basement, I can notice a lag -- just a not very objectionable one.
Cheers.