How do businesses benefit?
In-memory technology promises impressive benefits in cost savings, enhanced efficiency and greater immediate visibility across the enterprise that enables improved decision making.
Database management currently accounts for more than 25 percent of a company's IT budget. Since in-memory databases use hardware systems that require far less power than traditional database management systems, they dramatically reduce hardware and maintenance costs.
In-memory databases also reduce the burden on a company's overall IT landscape, freeing up resources previously devoted to responding to requests for reports.
Increased simplicity and efficiency
In-memory computing allows any business user to easily carve out subsets of business intelligence for convenient departmental usage. Work groups can operate autonomously without affecting the central data warehouse workload. And perhaps most importantly, business users no longer have to rely on IT support resources to gain relevant insight into business data.
Improved visibility to make better business decisions
In-memory technology makes it easier for organisations to gain complete oversight into the full range of their business data rather than limited insight into a subset of that data which has been extracted and put in a data warehouse. With this improved visibility, businesses can shift from after-event analysis to real-time decision making - and move the business model from response-based to predictive and planning.
Changing the way business works
According to one estimate, about 30 percent of enterprises will have one or more critical applications running on an in-memory database over the next five years, and by 2014, 30 percent of analytic applications will use in-memory functions to add scale and computational speed.
For those who move first to in-memory technology, the resulting boost in business insight, increased efficiency and reduced IT costs will give a true competitive advantage.
Kowshik Sriman is managing director for SAP Singapore.
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