Sybase has revealed the availability of Sybase IQ 15.1 with in-database business analytics, a new version of its column-based analytics server. Sybase IQ reportedly handles business reporting and analytics requirements, delivering analysis to address the need to anticipate business risks and opportunities.
According to the company, the new offering delivers functionality that allows users to drive risk management, fraud detection, business process management and investment strategies, as well as product, marketing and customer relationship strategies, by running predictive analytics in the IQ 15.1 database, while utilising organisational data.
This approach is also said to enable organisations to make predictions about future business risks and opportunities, decision making around the clock, and spot trends and anomalies.
The company claimed that organisations can facilitate business decisions by utilising IQ 15.1 in-database analytics functionality to run predictive analytics business logic in the database. This new approach to business analytics is expected to remove the application barriers for businesses and governmental agencies to perform drill-downs and predictive analysis in data-intensive environments that were previously impractical using traditional ‘outside the database’ methods.
Dan Lahl, director of analytics for Sybase, said: The industry leading Sybase IQ analytics server delivers dramatically faster, consistently more accurate analytics and reporting – to all users in an organisation, from all their information, on their terms.”
He further said: With the new in-database analytics capabilities of Sybase IQ 15.1 and access to powerful statistical, predictive and data mining models from a best-of-breed partner, Sybase can now deliver even more powerful analytics to its customers, further increasing the speed and accuracy of real-time predictive analytics on huge amounts of organisational data to thousands of users, thereby delivering rapid ROI to the organisation.”
The new offering is currently scheduled to be available on July 15, 2009.
