NEW YORK, January 15, 2014 — Kognitio, driving the convergence of Big Data, in-memory analyticsRead More
Kognitio results show momentum of big data sector
The booming big data trend has been illustrated by the latest financial results from Kognitio, which revealed that the in-memory analytics specialist continued to see strong performance in the third quarter of its 2013 fiscal year, with it reporting an 18 percent increase in revenue year-on-year.
This continues the double-digit growth seen earlier in the year, while revenue for the calendar year of 2013 was also up by 15 percent compared with the previous 12 months.
What this shows is that interest among companies in the latest big data analytics and in-memory computing technology shows no signs of slowing down, as recognition continues to grow of the significant business benefits that can be seen as a result of adopting these solutions.
Firms that have a strong in-memory platform are able to dramatically cut the time it takes to perform in-depth analysis of very large data sets, meaning they can quickly use the insights gained from this to adjust their strategies.
Kognitio's president and chief executive officer Steve Millard said: "Big data has moved far beyond the experimental stage and into the mainstream; companies of all sizes are actively seeking the benefits that the analysis of massive amounts of data can provide."
He added that more firms than ever are able to access these solutions due to the falling costs for storage and memory. This means advanced solutions are now in reach of all organizations, whether this be through on-premise tools or hosted in the cloud.
It has been a busy quarter for Kognitio, as it introduced the latest version of its Kognitio Analytical Platform, which boasts more than a dozen major improvements to the high-performance, high-throughput solution.
The solution also delivers a True In-Memory advantage, which allows data scientists and business analysts to use industry-standard SQL alongside any standard programming language to interact with data from Hadoop, as well as conventional data systems in their infrastructure in near-real time.
Kognitio was also included in Forrester Research's latest Wave report, focusing on the enterprise data warehouse (EDW) industry. The analyst firm described Kognitio as a "strong performer" in its evaluation of 11 vendors, saying: "Kognitio's entirely in-memory, distributed EDW is appealing for customers looking for fast performance on commodity hardware."