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Altibase Inc. In-Memory Database Capable of Thwarting Stock Market Outages: World’s Fastest In-Memory Database has Zero Latency, 100% Uptime, Microsecond Big Data Speed
larger NY city house (PRWEB) August 27, 2013
in step with Reuters on August 22, 2013, the technology failure that halted trading on the NASDAQ for greater than three hours this prior Thursday introduced the countries second largest alternate to its knees. The technical glitch additional showcases how fragile the U.S. buying and selling platforms are. It was once the newest in a sequence of disasters to disrupt more and more difficult markets that depend on and are driven by spiraling data masses. the potential of a monetary calamity is prompting the Securities and change commission to push for principles requiring executives to enhance the reliability of their know-how.
“These outages are completely going to proceed,” stated Neil MacDonald, a fellow at know-how research agency Gartner. “there was an explosion in information across all forms of enterprises. The complexity of the programs created to strengthen big knowledge is beyond the understanding of a single person and so they also fail in methods which can be past the comprehension of a single individual.”(The Guardian on August 23, 2013)
As data administration becomes increasingly complex, and in the wake of multiple outages, it’s an absolute necessity for firms to installation mature, proven applied sciences which have stood the test of time. Human oversight on my own can not maintain up with the explosion of information demands. Altibase can deal with over 1.four million transactions per second and no human can intercede at that speed. With the introduction of a litany of unproven and immature merchandise, the real fear is that so many organizations are adopting nascent technologies. Chris Chung, CEO of Altibase Inc.
The NASDAQ outage came on the heels of a collection of meltdowns at Amazon, Apple, Google and the brand new York instances. Amazons estimated 45 minute crash led to upwards of $ 5 million in losses in step with VentureBeat on August 19, 2013. Googles 5 minute outage prior this month led the hunt giant to a whole lot of thousands of greenbacks in ad revenue losses and up to forty% of diminished internet traffic throughout the episode in keeping with CIO today on August 19, 2013.
robust information administration, high availability and fail-safe, non-stop operation are the pillars of todays ecommerce, financial exchanges and industrys core infrastructure. Altibase merely does now not take short-cuts to achieve strict sturdiness, extreme speed and nil-downtime. With over 15 years of pure dedication to In-memory computing optimization, Altibase has confirmed itself as probably the most battle-examined, scalable, mission-important solution in In-reminiscence database purposes time and time once more. –Chris Chung, CEO of Altibase Inc.
A contemporary learn about with the aid of Forrester research discovered that downtime costs of a number one security firm surpassed eight million greenbacks per hour. additional, forty nine % of the Fortune 500 experience at least 1.6 hours of downtime per week, which equates to eighty hours every year according to a Dunn & Bradstreet. national Archives & records Administration in Washington cites that ninety three% of companies that misplaced their knowledge heart for 10 days or extra as a result of a catastrophe filed for chapter inside 365 days of the catastrophe. additional, 50% of companies that found themselves with out data administration for this same time period filed for bankruptcy almost instantly.
These outages underscore how tenuous the U.S. stock markets, shops and core business architectures actually are. With almost $ 20 trillion dollars traded on over 50 inventory exchanges and associated electronic structures, the domino effect of a inaccurate automated trade execution gadget can roil the global markets all at once and with out warning.
the approaching injury to todays trade isn’t quantifiable if core methods fail. Altibase is fully all for coupling its unmatched expertise in In-reminiscence databases with the calls for of seamless scalability for the geometric growth in knowledge. Altibase has treated the load of quadrillions of transactions in finance, militia and manufacturing since 1999, with out issue and fortified by using a zero failure price.
For 18 years, with its beginnings as a govt sponsored In-memory computing research initiative, Altibase has been and continues to be entrenched in rigorous R&D. recognized for mission-essential options when money and lives are at stake, Altibase provides peace of thoughts. With over 500 undertaking clients, and thousands of deployments, Altibase has stood the take a look at of time and comprehensively knows velocity, scalability and reliability.
There aren’t any quick-cuts to balance, data integrity and uninterrupted carrier. Altibase knows easy methods to ship on these requirements, without fail, through years of expertise reinforced by way of hundreds of a hit deployments in mission-critical environments. Chris Chung, CEO of Altibase Inc.
ALTIBASE HDB with its Hybrid structure combines the intense pace of an In-reminiscence database with the storage capacity of on-disk information management in a single unified engine. Altibase just isn’t most effective vertically scalable but has nearly no limitations to horizontal scalability with absolute ACID compliance. Its options have optimized performance, profitability and reliability in areas such as on-line buying and selling, pairs buying and selling, Algorithmic buying and selling, authentication, single sign-on, choices trading, FX margin buying and selling and forex exchanges including however not restricted to E*alternate, Samsung, HP and ministries of safety.
it’s widely known that shaving even a millisecond may also be value tens of millions. Altibase defines itself in microseconds. ALTIBASE HDB gives methods to significantly increase pace, reduce spend, elevate revenue whereas ensuring full information integrity, zero-latency and zero-downtime.
About Altibase: &#thirteen;
Altibase is a global chief in knowledge management systems and offers excessive efficiency computing options to top companies global&#thirteen;
Altibase has helped a whole bunch of endeavor clients in Telecommunications, Finance, Manufacturing and executive with their rising database management needs.