Enterprises need to exploit data to make "in the moment" decisions that drive the real-time enterprise. However, the typical enterprise keeps its data in many databases. Most of these are transactional, some are analytic and a few are very large enterprise data warehouses. To enrich operational applications and the transactions they process with up-to-the-moment business intelligence, enterprises need to find ways to bring their data together from different sources and perform both analytics and transactions on a single platform.
Although the initial benefit of such a blended platform is that of running analytic applications against live operational data, this capability promises much more. A new class of application is on the horizon; one that performs analytics on a mixture of live operational data and contextual business intelligence data during the course of performing business operations, and modifies those operations based on the results of such analyses. In effect, data-driven intelligence is being integrated into what were formerly transaction-only processes, and the result is a new class of application that is highly flexible and responsive to changing business conditions. Such functionality can be enabled only by an analytic-transactional data platform.
At its core, the analytic-transactional data platform has a memory optimized database of the most relevant and active data running on a database management system (DBMS) that is optimized for the blending of transactional and analytic data operations.
The memory-optimized core must blend the capability to perform transactions with the ability to perform complex analytic queries at high speed. Although there are many approaches to delivering this capability today, technology trends suggest that over time three will prevail:
Some database vendors, in addition to providing an analytic-transactional data platform, also provide advanced analytic capabilities such as predictive, temporal, spatial, streaming, text analytics, search and graph capabilities without duplicating data. These additional capabilities not only help to provide better analytics but also help to simplify IT landscape.
In seeking to develop the right analytic-transactional data platform strategy, it makes sense to favor a vendor that can offer the full range of analytic-transaction database platform technology, and especially one with which an enterprise already has a business relationship. This avoids such practical issues as operational efficiency, configuration management and contract management simplicity, data conversion, and staff retraining. Enterprises should choose a single vendor as the focal point for building an analytic-transactional data platform; one that has both technology that works today and a vision for where this functionality is going in the future. To really make this approach a reality, the chosen vendor should have a plan for delivering not just the platform, but the analytic-transaction application functionality, either on its own or from partners.
To learn more about the analytic-transactional platform and its role in realizing the real time enterprise, please see the related IDC study.