by Angela Guess
A new press release reports, “Real time data analytics company IQLECT, the enterprise big data startup from Bangalore, founded by Ex-CTO of Jabong.com Sachin Sinha & funded by Exfinity Venture Partners and slew of Investors from the US has just launched its Cloud offering for real time data analysis. In June 2016, Gartner in its 2020 predictions has outlined that by 2017, virtually all new analytic software purchases will begin as a free or low-cost proof of concept, enabling buyers to try the software before they buy. The IQLECT on Cloud is built on these business fundamentals that enterprise today wants to move away from spending large sums on evaluating big data tools and realising later that these were short of expectations. In the same report Gartner says that through 2018, 70% of Hadoop deployments will fail to meet cost savings and revenue generation objectives due to skills and integration challenges.”
The release continues, “IQLECT offers a hardware-software converged platform to provide actionable data insights in real time. Real time insights are the need of the hour for businesses such as e-commerce, financial services, digital media, targeted marketing, mobility and internet of things. However, it is difficult to setup such an infrastructure currently, since the available options are either costly or complex, requiring integration of multiple software components, which makes it necessary to spend months of effort just to get started.”
It goes on, “IQLECT simplifies the overall proposition and offers a fully baked off-the-shelf software converged platform, either on the cloud or as a converged hardware-software all-in- a-box platform. The convergence of all necessary software and hardware in one box enables the users to get up and running in a few hours, thus making the proposition highly scalable, cost effective and easy to integrate and accelerates the time to market for enterprises. IQLECT’s offering on Cloud is an end-to-end ready to consume solution using just screen clicks and can be deployed over a cup of coffee.”
Read more at Marketwired.
Photo credit: IQLECT