In-memory analytics is referred to as an analytical platform in which users run queries and interact with the data stored in the main memory instead of the hard disk. This approach facilitates faster query response, high performance, reduced operational costs, and encourages self-service analytics. It helps reduce the latency of data, thus enabling real-time data analysis with faster extraction of data.
Top features of In-memory Analytics Software
In-memory analytics is a methodology of enterprise intelligence (BI) used to solve complex and time-sensitive business scenarios. When querying data it works by increasing speed, performance and reliability. Some of the features are:
- Data Discovery
- Data Governance
- Data Preparation
- Data Visualization
- Mobile BI
- Real-time Analytics
- Robust Reporting
Top applications of In-memory Analytics Software
In-memory analytics helps boost a BI system's processing performance and offers quicker answers to business-intelligence users relative to conventional disk-based business intelligence, particularly for queries that take a long time to process in a broad database. Some of the top applications are:
- Risk management and fraud detection
- Sales and marketing optimization
- Financial management
- Supply chain optimization
- Predictive asset management
- Product and process management
- Network management
- Workforce management
Top Growing companies of In-Memory Analytics Software
- CLEARSTORY DATA
- Signals Lead Discovery
- INFORMATION BUILDERS
- ADVIZOR Analyst
The vendors are placed into four categories: Vanguards, Innovators, Emerging, and Dynamic, based on their performance in each criterion. We have evaluated the top 19 vendors that include SAP SE, MicroStrategy Incorporated, Kognitio, SAS Institute, Inc, Hitachi Group Company, ActiveViam, Oracle Corporation, IBM Corporation, Information Builders, Inc., Software AG, Amaozn Web Service, Qlik Technologies, Inc., ADVIZOR Solutions, EXASOL, Panorama Software, ClearStory Data, Pentaho Corporation, Aerospike, Inc. and TIBCO Software Inc.
Vendors who fall into this category receive high scores for most evaluation criteria. The players mentioned here provide a strong and established product portfolio and have a very strong market presence. They should provide mature and reputable in-memory analytics software and services. They also have strong business strategies.
They are established vendors with very strong business strategies. However, they are low in product portfolio.
Innovators in the MicroQuadrant are vendors that have demonstrated substantial product innovations as compared to their competitors. They have very focused product portfolio. However, they do not have a very strong growth strategy for their overall business.
They are vendors with niche product offering and are starting to gain their position in the market. They do not have much strong business strategies as compared to other established vendors. They might be new entrants in the market and require some more time before getting significant traction in the market.
- Visual: The software offers very easy to comprehend and use visual reports.
- Intelligent Data Wrapping: This helps in understanding the potential and various types of workflows, information and other information for the business.
- Location Analysis: It offers location-based analytics, which is out of the box and tremendously crucial to business performance.
ActiveViam is an IT company that provides analytical and transactional platforms to organizations working in the field of retail and finance. ActivePivot is one of those platforms or software launched by the company. This tool, ActivePivot, works on in-memory computing technology and is an in-memory analytical software. It aggregates an excessive amount of data and stores it in its in-memory database. ActiveViam enables the software to offer optimal decisions in a timely fashion to organizations.
Exago Inc offers a seamless experience to users through its revolutionary in-memory analytics software. Its accurate and results-based decision-making capability enhances customer experience and decreases the time that you might end up analyzing the key performance indicators. The advanced offerings to uncover insights and better decision making translates into a huge amount of cost savings. So use these best-embedded analytics for SaaS and help your business grow exponentially.