Oracle jumps on in-memory bandwagon
Team Ellison unveils 12c add-on in answer to SAP’s Hana
Oracle Corp yesterday launched an in-memory processing add-on for Oracle 12c, in a bid to address the big data era of analytics processing and provide an alternative to SAP’s four-year-old Hana platform.
Oracle Database In-Memory enables the extension of Oracle 12c databases to perform transactions and at the same time analyse data and pull reports, all in real-time.
"It's the ability to run most of your data, all the data you frequently access, in memory and access that data basically instantaneously," said Oracle co-founder and chief executive officer Larry Ellison, at the US launch.
Oracle has long ruled the database industry, but in May 2010 SAP launched its in-memory Hana product, aimed at real-time analytics and made available on site or in the cloud. Hana was based on a collection of developed and acquired technologies and the project was originally referred to as New Database. The offering was aimed at addressing the emerging field of big data, which involves the high-volume processing of often-unstructured data and requires huge processing power to operate effectively. By allowing critical processes to run in electronic memory rather than require magnetic disk reads, database operations are speeded up.
“Oracle Applications provide the foundation for our customers’ mission-critical business operations, including sales, financials, supply chain and human resources. By raising the bar on speed, Oracle Database In-Memory enables customers to compound the value of their existing applications by deriving new insights and business opportunities faster,” said Steve Miranda, executive vice president, Application Development, Oracle.
“This means that information technology can now support companies in real-time not only when it comes to conducting business transactions, but also in business decision-making and analysing company performance,” explained Hussein Hamza, Oracle’s Gulf leader. “We’ve been talking for years about a real-time enterprise, and we believe that this is now made possible.”