by Angela Guess
A recent article reports, “IBM today announced a new analytics appliance that allows organizations to analyze up to 10 petabytes of data in a matter of minutes. The technology is designed to help industries uncover patterns and trends from large data sets while meeting compliance mandates. The new IBM Netezza High Capacity Appliance addresses a growing challenge where organizations are amassing huge amounts of data. Banks, insurance companies, healthcare organizations and communications services providers are required by industry regulators to retain massive amounts of data – in some cases up to a decade. As data retention laws continue to evolve, organizations are faced with a unique challenge to store and analyze ever-expanding ‘big data’ sets that may not be directly related to daily operations, yet still hold potential business value.”
The article continues, “Using the new appliance, businesses can now more easily sift through petabytes of data including banking and mobile phone transactions, insurance claims, electronic medical records and sales information. Companies can also analyze this information to reveal new trends on consumer sentiment, product safety, and sales and marketing effectiveness. IBM Netezza appliances are workload optimized systems based on IBM BladeCenter technology that analyze petabytes of data significantly faster than competing options, and at a much lower total cost of ownership. Unlike competitive technologies, the new appliance can be up and running in 24 hours and analyze data at a much lower cost per terabyte. The appliance is the first to be delivered by IBM since it acquired Netezza in November 2010.”
photo credit: IBM
