PRN: ParStream Named "Cool Vendor" 2012 by Gartner
ParStream Named "Cool Vendor" 2012 by Gartner
COLOGNE, Germany, May 15, 2012 /PRNewswire/ --
- Companies Selected for the Cool Vendor Report Are Recognized as Innovative, Impactful and Intriguing
ParStream today announced that they have been included in the list of "Cool Vendors" in the Advancing Data Management Maturity report by Gartner, Inc. ParStream is a platform for Big Data real-time analytics. Â
In the Big Data era, real-time analytics is at the leading edge of where data can create competitive advantage for companies. This is particularly relevant as people connect, transact, and do business in an online world. These scenarios are understood and now adding tremendous value in financial services, retail, travel, and other industries as well.
ParStream is of particular interest for organizations building analytic applications based on streaming data, where there is a need to perform near-real-time analysis followed by continued use of the historic data for further analysis.
"We believe that our inclusion in the Cool Vendor report by Gartner is high recognition for our mission to enable customers to perform real-time analytics over massive amounts of data at unprecedented speed to enable much better online user engagement and offers, as well as experimentation and decision making. Organizations are facing a growing challenge of extracting value out of their data and there is a clear need for an innovative platform that is built specifically to address the volume and velocity requirements of a true Big Data Analytics platform", says Michael Hummel, CEO of ParStream." We are honored by this recognition of our real-time Big Data analytics platform that enables our customers and partners to build faster and deeper analytics into their applications and services."
About Gartner Cool Vendors
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
ParStream is an outstanding Real-Time Big Data Analytics software product which delivers sub-second response times on billions of data records. As ParStream can continuously import new data without slowing down analytics, it is ideal for real-time monitoring and analytics of dynamic big data. Further information about ParStream can be found at http://www.parstream.com.