In-Memory Computing Powers Digital Transformation
Only 12 percent of the current Fortune 500 were in the Fortune 500 a few decades ago. The reason? Digital transformation. But digital transformation is more than just digitizing existing processes. It’s reinventing the business and revamping the business strategy based on the capabilities made possible by adopting digital technology. It’s about asking, “How do we adapt our business to take advantage of the promise of new technology?”
Enterprises across all industries are launching digital transformation initiatives. These initiatives allow companies to take advantage of the digital information they can unleash from their processes, customers, partners, and environment. Digital transformation can take many forms including web-scale applications, Internet of Things (IoT) solutions, mobile applications, social media and much more.
At the heart of digital transformation is the need to ingest, process, analyze and respond to vast amounts of data from many sources. In-memory computing can address this need with solutions that are extremely fast, massively scalable, and can be added to existing applications without ripping and replacing existing databases. Leading solutions such as the GridGain in-memory computing platform include an in-memory data grid, in-memory database, streaming analytics, and integrated machine and deep learning capabilities.
In the past, companies separated their transactional and analytical processing into OLTP and OLAP systems with an ETL process between the two. Digital transformation requires real-time analysis of incoming data so action can be driven by the most current information. In-memory computing empowers new hybrid transactional/analytical processing (HTAP) solutions - also known as hybrid operational/analytical processing (HOAP) or translytical processing - which support real-time analytics on the operational dataset, allowing immediate action based on the most recent information.
If your organization is undergoing a digital transformation, please contact GridGain Systems to learn more about how our in-memory computing solutions can help your business redefine itself and become a digital enterprise.