What’s the big deal with in-memory databases? Well, imagine you run a bank and you want to know how today’s volatile marketplace is impacting your risk profile.
In the past, you would have had to rely on your disk-based database management systems; the query results would eventually return with an answer. In the meantime the market might have moved – maybe even a lot – and your answer is out of date. Your risk profile is, well… at risk. It is time to say bye-bye to latency.
This is where in-memory databases come in. With the ability to ingest large datasets in real time, store and analyze in-memory data, these platforms enable businesses to identify threats and opportunities in real-time. In the Internet of Things era this is crucial, as data will be flying at you constantly and you need to make sense of it.
At Software AG, we strongly believe that in-memory computing will be incorporated into all mainstream products and solutions in the next 3-5 years and will help create new opportunities for our customers.
In fact, the global in-memory database market is projected to reach almost $15 billion by 2025, according to Market Insights Reports, a CAGR of 19.65% from 2017 to 2025. The reasons for this are widespread – but certainly IoT looms large in the picture.
In our case, we have seen real business benefits for our customers using Terracotta. One client, a large online clothing vendor, transformed its business by using our in-memory data platform and improved website performance by three times. It also scaled its online presence – from five to 32 countries.
A healthcare provider client leveraged in-memory computing to lower the cost to check member eligibility and admin rights for doctors as well as making regulatory compliance faster.
With the heritage of building world class DBMS platforms, Software AG introduced Terracotta in October 2017. The new in-memory data platform supports a flexible data model and built-in compute capabilities for customers to address their operational storage as well as analytical processing needs.
In addition to core storage and compute, Terracotta also brings stream processing and data visualization capabilities on the same platform. Also, a data platform like Terracotta will eventually eliminate the need for moving data from an operational store to one that supports analytics.
From a business perspective, an in-memory data platform provides a scalable and responsive data tier to build agile applications by responding to your business needs quickly and reducing the overall cost of data management (no data movement and manipulation required).
Recently, the Terracotta product team presented a webinar showcasing innovative feature functions of Terracotta. Please click here to view the recorded session.
More information on Software AG Terracotta’s user community can be found at: www.terracotta.org.