New York, NY (PRWEB) December 04, 2012
Kognitio, driving the convergence of Big Data, in-memory analytics and cloud computing, and Practical Data Solutions (PDS), a leading-edge provider of healthcare data modeling for analytics and dashboard reporting, today announced a strategic collaboration with a prestigious academic healthcare organization.
PDS enables healthcare executives to more effectively manage their business by providing actionable insights into revenue cycle, patient access, contract analysis, denial management, population health, and quality measures that improve operational efficiency and the bottom line.
Kognitio offers an innovative processing accelerator for the PDS data model and analytical infrastructure, delivered via a HIPAA-compliant private cloud solution. Today, the two firms announced recently completed testing which demonstrated remarkable results: answers to complex queries were returned in seconds, rather than hours, marking an improvement of as much as 30,000%.
"Upon our initial evaluation of the Kognitio technology, we believed it could add value to the infrastructure and tools used across our client base," according to Russell Hendrickson, President of PDS. "We wanted to challenge their technology and identified a client with a high volume data warehouse – the speed and performance results were unbelievable," says Hendrickson.
“The complexities of healthcare transactional data require a superior level of analytics that Kognitio empowers better than any other technology,” said Steve Millard, president and chief executive officer at Kognitio. “Kognitio Cloud enables PDS to accelerate performance management efficiencies for healthcare provider organizations in a way that was previously only possible for large corporate entities with big IT budgets.”
The companies remarked that this new client marks the beginning of a collaborative effort to empower performance management through advanced in-memory analytics and reporting. The dramatic improvement in query execution from the combined solutions will enable users to do train-of-thought, ad hoc analysis on highly complex data sets in near real-time.
Kognitio (http://www.kognitio.com) is driving the convergence of Big Data, in-memory analytics and cloud computing. Having delivered the first in-memory analytical platform in 1989, it was designed from the ground up to provide the highest amount of scalable compute power to allow rapid execution of complex analytical queries without the administrative overhead of manipulating data. Kognitio software runs on industry-standard x86 servers, or as an appliance, or in Kognitio Cloud, a ready-to-use analytical platform. Kognitio Cloud is a secure, private or public cloud Platform-as-a-Service (PaaS), leveraging the cloud computing model to make the Kognitio Analytical Platform available on a subscription basis. Clients span industries, including market research, consumer packaged goods, retail, telecommunications, financial services, insurance, gaming, media and utilities.
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About Practical Data Solutions
Since 1995, Practical Data Solutions (http://www.pds-online.com) has worked exclusively with healthcare organizations to model data for analytics and dashboard reporting. Clients engage PDS to transform data into information and empower users with the appropriate access to information for performance management and organizational transparency. Across the United States, PDS clients include health systems, academic medical centers, and large physician practices.