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Database Performance Shortcomings Prevent Organizations From Extracting Bottom-line Business Value
BEDFORD, Mass., May 13, 2014 /PRNewswire/ -- VoltDB today announced the findings of an industry survey which reveals that most organizations cannot utilize the vast majority of the Big Data they collect. The study exposes a major Big Data divide: the ability to successfully capture and store huge amounts of data is not translating to improved bottom-line business benefits.
In Q1, 2014, database managers, analysts, administrators and other IT professionals were polled about the databases they currently use, the results of their Big Data projects, and opinions about Big Data technology advancements. Three hundred sixty-eight total respondents in a variety of industries participated. Key findings include:
Performance Deficiencies Lead to Short-term Fixes and Project Failure
Although most organizations are running multiple databases (72%), they are still being forced to apply enhancements to improve system performance, and some have abandoned Big Data projects altogether.
Untapped Data Has Little or No Value
The majority of respondents reveal that their organizations can't utilize most of their Big Data, despite the fact that doing so would drive real bottom line business benefits.
In-Memory Databases Will Trump Traditional RDBMS
Respondents recognize the advantages of in-memory database architecture and feel it's inevitable that it will become mainstream soon.
"The survey findings point to the fact that many organizations are far from realizing the true business value of Big Data," said VoltDB CEO Bruce Reading. "Organizations must have the ability to not only ingest massive amounts of data, but also immediately analyze and act on that data in a meaningful way to realize the big payoff – improving their bottom lines. Big Data insights are crucial in delivering a more personalized customer experience, getting to market faster, and creating the competitive advantages that lead to revenue growth."
VoltDB provides the world's fastest operational database, delivering high-speed data processing and real-time, in-memory analytics in a single database system. VoltDB is a relational database that gives organizations an unprecedented ability to build ultra-fast applications that can extract insights from massive volumes of dynamic data and enable real-time decision-making. Organizations in markets including mobile, financial services, energy, advertising and gaming use VoltDB to maximize the business value of data at every interaction. VoltDB is privately held with offices in Bedford, Mass. and Santa Clara, Calif.
The world's fastest applications run on VoltDB.
Davies Murphy Group, Inc.
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