Why can I watch YouTube videos on my laptop but can't get current operational information to run my business? Streaming Analytics is made possible through specialty chips, or hardware accelerators called Field Programmable Gate Arrays (FPGAs). Here's how it works: Data enters the FPGA and passes through a series of internal "gates" according to the function loaded into the chip. Filtering and processing takes place as information flows unimpeded through the gates. The process enables algorithms to run 10-100 times faster than traditional approaches and accounts for the speed advantage of FPGAs when handling data streams. Conventional technologies typically require moving information between storage and memory to perform a processing operation.
Using high-performance analytics at streaming speeds can be game-changing for data-intensive companies by improving performance by orders of magnitude. Wherever critical information is needed urgently -- fast, in-depth analysis of information impacts business performance. Financial Services firms can run complex risk analyses iteratively, hundreds of times throughout the day rather than overnight, for better trading decisions. Telecommunications companies can analyze call data records in real time to offer customers the best packages and rates. Retailers can optimize SKU-level pricing by capturing in-store data dynamically.
No Data Movement
A fundamental computer science principle says: when operating on large data sets, do not move data unless you absolutely have to. Streaming Analytics processes information extremely efficiently, as early in the data stream as possible. By optimizing the use of FPGAs, the architecture has revolutionized the data warehousing industry. Data warehousing is transformed by running complex SQL queries and non-SQL algorithms used by analytics applications against terabytes of information. The ability to run a complex analysis against a huge live database, without the delays and costs of moving data to separate hardware and storing it in an application, opens up new types of analyses previously out of reach.
MindStream can Help
MindStream Analytics core competency is the development of statistical analysis. We are ready to help our client's organization and understand key performance indicators driving behaviors in today's business climate. Whether those patterns are; customer purchase patterns, inventory stocking efficiencies, or purchasing models, we can help. Today, the technology exists to analyze data patterns in real-time as they happen. By deploying streaming analytic software tools, MindStream Analytics is a pioneer at the forefront of the next technology revolution.
For more information on how MindStream Analytics can help you, contact us at email@example.com
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