VENDORS IN “COOL VENDOR” REPORT: INNOVATIVE, IMPACTFUL, AND INTRIGUING
Freiburg, Germany, May 15, 2013 – Jedox AG, a leading provider of self-service business intelligence, analytics, and performance management solutions, today announced that it has been included in the list of “Cool Vendors” in the Cool Vendors in In-Memory Computing, 2013, report by Gartner, Inc.
Jedox believes that a key factor for the “Cool Vendor” designation is its unique in-memory technology: Jedox OLAP Accelerator is capable of increasing the processing speed of traditional in-memory technologies (classic CPU multicore architecture) several times over. Jedox leverages state-of-the-art NVIDIA Tesla graphic cards (GPU technology) with internal memory that can be addressed much more quickly. This technology advantage enables blazing fast reaction times when analyzing extremely large data volumes or planning / simulating large scenarios such as multidimensional aggregations and complex rule calculations. Companies can now do planning, analysis, and reporting in real time.
Jedox’ in-memory OLAP engine also enables value adjustments at aggregated levels (“splashing”) for business analysis, including planning and forecasting. “Jedox allows companies to leverage the immense speed of GPU technology. It lets you split queries, such as revenue by country or by individual products, and run them through many individual processors in the server GPU card memory,” said Matthias Krämer, Board Member for Development, explaining the huge benefits of this approach. “Today’s business world is characterized by increasingly large data volumes, which raise the bar on technical requirements. Our GPU technology provides a remarkably inexpensive way to meet these challenges because you can easily connect the GPU component to the server. No additional hardware installation is necessary besides the graphics card,” explained Jedox CEO Kristian Raue. From Release 5.0 on, Jedox has been available in a free-of-charge BASE version and a fee-based Premium version, which significantly helps jump start implementation of the product.
Furthermore, Mr. Raue pointed out which companies will benefit from GPU technology: “Organizations wanting to take a data discovery approach to high-speed planning and reporting applications—especially those who need specialized high-performance OLAP capabilities to support massive simultaneous multidimensional aggregations or regularly adjust values at aggregated levels—should consider Jedox. Companies with limited IT support will find that sophisticated business users can often leverage Jedox’ familiar Excel interface to build their applications and fully maintain them on an ongoing basis. In addition, organizations requiring more expansive user interaction can leverage the product’s mobile capabilities.”
Cool Vendors in In-Memory Computing, 2013; Analyst(s): Massimo Pezzini, Roxane Edilali, Donald Feinberg, Christopher Iervolino, W. Roy Schulte; published 23 April 2013.
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