Altibase Announces its Inclusion in Gartner's "Hype Cycle for Business Intelligence and Analytics, 2013"
GREATER NEW YORK CITY (PRWEB) August 12, 2013 -- Since 1999, Altibase has been a global leader in In-Memory Database solutions and is pleased to announce its inclusion in Gartner's "Hype Cycle for Business Intelligence and Analytics, 2013."
"As a pure In-Memory Database company, Altibase is thrilled to be part of Gartner’s ‘Hype Cycle.’ In addition, as Gartner has identified In-Memory Database Management Systems as ‘transformational’ and predicts ‘mainstream adoption’ in 2 to 5 years, Altibase looks forward to stratospheric growth in the coming years. I am especially pleased that the best is yet to come. Altibase looks forward to leveraging its product maturity to help customers with their In-Memory database integrations.” Chris Chung, CEO of Altibase Inc.
“Others such as Altibase…focus on high-intensity transactional processing.” Gartner's Hype Cycle for Business Intelligence and Analytics, 2013.
With the massive growth in data and the associated requirements to process that data in real-time, companies no longer have the option to rely on legacy database systems. The early adopters of In-Memory database technologies will simply see positive results earlier and pass the competition. It is well known that real-time database management is still only a small part of the vast majority of the Fortune 500.
According to the financial research and consulting firm Aite Group, 20% of banks [companies] that do not upgrade their core systems are at a competitive disadvantage and have reached a high level of urgency to replace their core system. In addition, Aite Group indicates that over 50% would benefit from a core systems upgrade as well.
“Strategic, real-time data management is critical to open new-lines of business and maintain customer satisfaction. Consumers are no longer tolerant of data latency. The problems companies now face with quasi-real-time processing, if left unaddressed, will only grow as time passes.” Chris Chung, CEO of Altibase Inc.
“We have no reservations when it comes to Altibase's performance. We've verified that Altibase delivers higher performance, higher than other competitors in multiple benchmark tests. For integrated authentication systems, stability is the most important factor. We were concerned because authentications are frequent accessed through sessions on internet networks. We process more than 50,000 concurrent transactions in active sessions daily. We were very satisfied with the distributed utilization of memory resources within the Altibase solution. Altibase uses less CPU resources than the existing on-disk DBMS and is more stable while using these resources. We expect to develop more monitoring functions in the near future." Manager of EBS
Altibase has solved a litany of problems in Telecommunications, Financial Services, Manufacturing and Government. Widely considered as the most-battle tested In-Memory database solution, Altibase is ready to forge deeper, on an agile basis, into the multi-faceted data pain-points that companies encounter.
“Our 15 years of proprietary In-Memory database experience has taught us how to handle and solve even the most complex application challenges that our clients face. We are expanding on that experience with persistent and rigorous R&D to be the single-point solution for all mission-critical operations for years to come.” Chris Chung, CEO of Altibase Inc.
Real-time processing, Big Data and targeted solutions are here to stay and Altibase is poised to help companies with low TCO (Total Cost of Ownership), strict data integrity, zero downtime and utmost speed.
About Altibase:
Altibase is a world leader in data management systems and provides high performance computing solutions to top companies worldwide.
Altibase has helped hundreds of enterprise clients in Telecommunications, Financial Services, Manufacturing and Government with their growing database management needs.
Jung Nahm, Altibase Inc., http://www.altibase.com, 888.837.7333, [email protected]
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