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Reston, VA, 7/18/2014
Software AG was among the select companies that Forrester Research, Inc., a leading independent research firm, invited to participate in its report, “The Forrester Wave™: Big Data Streaming Analytics Platforms, Q3 20141”. In this evaluation, Software AG received top scores in the Current Offering and Strategy Categories, and among the highest scores in the Market Presence Category. Software AG’s Apama Complex Event Processing platform, part of the company’s Intelligent Business Operations (IBO) offering, was evaluated.
Citing Software AG as a company with a "…vision (that) puts real-time customer experience first", Forrester highlighted several features that landed Software AG’s in the Streaming Analytics Leader category, including:
Dr. Wolfram Jost, Chief Technology Officer and member of the Executive Board at Software AG, said: "I believe that this report echoes the feedback we receive from our customers, who acknowledge the tremendous competitive value they gain when using Software AG's Intelligent Business Operations (IBO) solutions. Streaming Analytics is at the core of our IBO offering and is the basis upon which companies can manage fast 'Big Data' and the increasing impact of the 'Internet of Things'."
Streaming Analytics is fundamental to enterprises deriving maximum knowledge, value, and competitive advantage from the rapidly growing Internet of Things (IoT). It is estimated that the IoT will add nearly two trillion dollars in economic value by 2020 through opening new and diverse markets and channels. Enterprises that need to implement innovative and flexible business models that can rapidly address new markets must first be able to identify market movements and changing requirements in real-time. Streaming analytics provides this capability.
To address this, Software AG's Apama and Terracotta products are built on an in-memory architecture that enables real-time processing of extremely fast, large data volumes -- orders of magnitude larger than traditional database based IT architectures. Uniquely, they can combine in-memory, historical process discovery and performance monitoring data with real-time business operational data streams. Continuous analytics on streaming data can be performed to identify business patterns, which have happened or are about to happen. Visualizations and visual analytics for business users support both human-oriented and automated intelligent actions.
David Walker, IT Strategist and Architect at DBS Bank, one of the largest and most prominent institutions in Asia and a Software AG customer, noted:
"Over the last three years our bank has been leveraging the power of streaming analytics in multiple areas including real-time fraud detection and location-based marketing and cross-sell. With our real-time fraud detection system, we provide our customers with unparalleled protection in the region; while our right-time location-based marketing and cross-sell solutions offer our customers pin point advice and offers to suit their needs. The Software AG streaming analytics solution delivers tremendous value rightly recognised in the market".
Apama is deployed in numerous organizations worldwide: for example in financial services with banks such as in Australia and New Zealand Bank, the Royal Bank of Canada and Unicredit, in manufacturing with Manuvis, logistics with Royal Dirkzwager and in telecommunications with Turkcell.
Jay Johnson, President and Chief Executive Officer, Software AG North America noted: "All too often, companies are conducting ‘rearview mirror’ analysis and miss potential opportunities or threats. Using Software AG’s Apama and Terracotta products as part of our IBO solution, business leaders can now receive up-to-the-minute information and analysis, and consequently they make the best decisions at the right time."
1The Forrester Wave: Big Data Streaming Analytics Platforms, Q3 2014, Forrester Research, Inc., by Mike Gualtieri and Rowan Curran
About Software AG
Software AG (Frankfurt TecDAX: SOW) helps organizations achieve their business objectives faster. The company's big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a "leader" in fourteen market categories, fueled by core product families Adabas-Natural, ARIS, Alfabet, Apama, Terracotta and webMethods. Software AG has more than 4,600 employees in 70 countries and had revenues of €973 million in 2013.
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