Business leaders say they need three things from their data systems to help them compete effectively and embrace digital transformation: reliable data to empower their workers, deep insight from all their data, and access to the latest analytics and machine learning techniques to amplify their insights and apply them to their business.
In addition to new business demands, technology advances are creating new strategic opportunities for data management and analytics. The three key technologies that are having the most impact are:
In-memory computing delivers real-time performance that obviates the need to have separate solutions for transaction processing and analytics. This has the added advantage of removing the need for multiple copies of data and eliminating latency between transaction systems and data warehouses introduced by batch or overnight replication.
Storage for large data sets is dramatically lower in cost allowing almost unlimited data sets to be created. Coupled with in-memory performance that can handle these massive data sets, business can see insights into their business in real time.
Cloud computing has reduced the need for huge capital investments and made powerful advanced computing more accessible. New applications can be deployed quickly to capture opportunities without waiting for data centers to be built and systems readied.
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