IBM has unveiled new Smart Analytics System, which is optimised with software, systems and storage capabilities for analytics computing workloads.

IBM claims that the new system can uncover insights and hidden relationships among amounts of data – not just structured information found in databases, but unstructured and incompatible data from sources such as videos, emails, web sites, podcasts, blogs, wikis, and archival data.

IBM said that the new system is suitable to tackle some of the problems associated with areas targeted for stimulus investments, such as financial risk management, smart grids, electronic medical records and management of healthcare costs, education, identity theft and fraud, and food safety.

The new system offers a set of capabilities, including business intelligence reporting, analysis, dashboards, and scorecards, data mining, cubing services, text analytics, data warehouse management, storage and server platform.

In addition, the new system can also be used by clients or cloud service providers to offer analytics to private or public cloud services.

Ambuj Goyal, general manager for information management at IBM, said: Our clients are operating in a competitive environment. In addition to acting fast, they have to be right. With the Smart Analytics System, we are helping clients take advantage of analytics faster, more efficiently and at a lower cost, helping them achieve better business results and accelerate their return on investment.