The Stevie Awards Blog

Data Analysis at Lightning Speed with GigaSpaces

Posted by Hailey Roos on Tue, Jul 28, 2020 @ 10:11 PM

  • Accessing data through GigaSpaces accelerates the operation by up to 100x, meaning that analyses can be processed in minutes instead of hours.
  • GigaSpaces solves the problem of processing rapidly growing data from different sources by seamlessly accessing external data stores to improve the efficiency and streamline business intelligence. 
  • By interacting with data as it streams through the network in real time, users of GigaSpaces can proactively enhance network performance to improve customer satisfaction and to prevent technological slowdowns and glitches. 

About GigaSpaces

GigaSpaces provides the fastest in-memory computing platforms for real-time insight to action and extreme transactional processing. With GigaSpaces, enterprises can operationalize machine learning and transactional processing to gain real-time insights on their data and act upon them in the moment for mission-critical applications across the globe.

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GigaSpaces AnalyticsXtreme, launched in February 2019, accelerates analytics running on real-time and historical data, thus enabling companies to generate smarter, faster insights for better business intelligence on big data. More efficient queries, analytics, and machine learning on live data enriched with historical data can have a huge impact on several time-critical applications.  These include predictive maintenance, live risk analysis, fraud detection, dynamic pricing, personalized services, customer 360, and location-based advertising.

Using AnalyticsXtreme to access information stored on data lakes is accelerated by up to 100x, and batch analytics can run in minutes instead of hours. For example, when stock market data was streamed using AnalyticsXtreme to speed up searches on data lakes, queries were completed in six milliseconds instead of 2.5 seconds—100 to 400 times faster. This time reduction can have a huge impact on trading profitability that requires split-second buy and sell decisions.

How It Works

AnalyticsXtreme accelerates analytics by providing a unified speed layer over different data storage technologies (Hadoop, Amazon s3, Azure Blob Storage) on premise, cloud and multi-cloud. With AnalyticsXtreme, all types of data (structured, unstructured, and semi-structured including tables, key-value, objects, documents, text, graph, images, etc.) is ingested into a multi-model speed layer, reducing the need to stream the data multiple times and accelerating processing by reducing the operational overhead. By co-locating business logic and data, events are processed as they enter the system, resulting in a reduction of multiple network hops and overhead.

A vast array of industries can benefit from this extreme transactional and analytical processing. Insurers can perform a continuous risk analysis to determine the optimal premiums for policyholders. Loan approvals can be executed in near real time. Online retailers can ingest, store, and analyze huge amounts of data about competitor’s offers, personal preferences, and more to generate best offers. Customer service applications can automatically transfer calls to the most relevant agent and then provide answers based on responses to similar requests. Transportation companies can use a live view of vehicles and operators to optimize routes and to protect the personal safety of their passengers. By interacting with rich, real-time data as it streams through the network, telecommunications companies can proactively enhance network performance to prevent customer frustration due to a lack of coverage, slow page downloads, and stuttering video.

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GigaSpaces’ COVID-19 Response

Meeting the expectations of the “customer of now” will require advanced technology that can deliver actionable personalized information at split-second speeds. Real-time analysis is an essential capability, enabling organizations to deliver excellent customer experiences and improve profitability. AnalyticsXtreme solves the problem of ingesting, processing, storing, and analyzing large and rapidly growing data from diverse data sources. It also seamlessly accelerates access to external data stores to improve the wisdom and speed of business intelligence. To provide better scaling and availability to ride out the COVID crisis, GigaSpaces offered a free Go-Live professional services package.

GigaSpaces won the Gold Stevie Award for New Product & Service Categories—Business Technology in The 2020 American Business Awards®.

Interested in entering The 2021 American Business Awards?

Request the entry kit

Topics: American business awards, emerging technology

3 Time Saving Tax Tips, From a Stevie Awards Winning Executive

Posted by Liz Dean on Tue, Apr 10, 2012 @ 12:25 PM

Therese Tucker, CEO and Founder of BlackLine Systems, won the Stevie® Award for Executive of the Year  in The 2011 American Business Awards, the premier business awards program in the U.S.A. Therese will chair the committee for final judging of the management awards categories in The 2012 American Business Awards. (The final entry deadline for the 2012 ABAs is April 25, request your entry kit now.)

We asked Therese to share some tips with us on how managers can improve their end of year financial close processes.

What are your top 3 tips for senior managers looking to improve and streamline their account reconciliation and financial close processes?

  1. Therese TuckerTechnology can automate repetitive, boring job functions and give your accounting staff more time to analyze and focus on strategic initiatives. 
  1. Get organized: The best of tools won’t clean up a mess for you. 
  1. Get executive sponsorship/buy-in early: Make sure that your CFO supports the initiative by understanding that a better process will give him/her confidence in the results. This will help garner the necessary time and resources to make meaningful changes and improvements.

What item of news recently caught your eye and why?
Another plane crash, in Siberia.  Regulations can be onerous, but as a frequent traveler I’m thankful that I mostly take the safety of flying for granted!

Do you have a favorite app?
The Sudoku app on my iPad.

If you could choose another profession, what would it be?
I would be either a yoga teacher or a chef.

What quality or qualities do you most value in your business associates?
Honesty, intelligence, and heart.

As someone at the top of your profession, what keeps you inspired or makes you hit the ground running in the morning?
As the business keeps growing, the job keeps changing.  Being CEO of a company with five people is very different than having 105 employees and almost 500 customers. It stays interesting!

About Therese Tucker, CEO and Founder, BlackLine Systems:
After 25 years at SunGard Treasury Systems where she served as Chief Technology Officer and head of development for SunGuard's Global Trader system, Therese Tucker was ready for a new business venture using emerging technology. Wanting to combine her two talents, technology innovation and finance, Therese started BlackLine in 2001 to address the technology needs of financial organizations. Therese successfully launched BlackLine by developing an automated solution for account reconciliations which tapped into a previously un-served market. In recent years, Therese has led the company’s shift to a SaaS (Software-as-a-Service) business model which has allowed to company to experience revenue growth of more than 50% in 2009, 2010, and 2011. In addition to her automated solution, Therese has developed other software including Tax Answer Scenarios, a tax planning product that has been marketed to over 1,000 tax preparers and CPAs annually since 1998.

About BlackLine Systems:
Founded in 2001, BlackLine Systems was the first to develop and offer a commercially available Balance Sheet Account Reconciliation solution.  BlackLine provides quick-to-implement, scalable, and easy-to-use applications that automate the entire financial close process to help improve financial controls for companies of all sizes.  BlackLine software applications complement existing Enterprise Performance Management (EPM), Governance Risk and Compliance (GRC), and Enterprise Resource Planning (ERP) systems. BlackLine offers clients its enterprise-class software in a simple and secure OnDemand/SaaS platform.  With a proven track record and a commitment to customer success, BlackLine seeks to reduce the burden the financial close places on accounting and finance professionals.  For more information, please visit www.blackline.com.

Topics: business awards, American business awards, stevie awards, innovative technology, emerging technology, management awards, executive of the year, BlackLine, Therese Tucker