Oracle launches new product Exalytics In-Memory Machine

NEW DELHI: Technology giant Oracle today launched its Exalytics In-Memory Machine, aimed at helping enterprises use business intelligence software and hardware for analytical and performance management applications.

Companies are looking at using information stored in database, which ranges from a few dozen terabytes to multiple petabytes. Industry experts believe analytics is receiving a major boost as there is an exponential growth in data.

"Business analytics is a top priority for CIOs and finance executives as they continue to navigate an uncertain global economy," Oracle Asia Pacific Product Director (EPM, BI and Exalytics) Scott Tunbridge told reporters here.

Also, with rapidly evolving technology trends like Big Data, mobility and cloud computing, companies are looking at fast, interactive and insightful analytics to remain ahead of competition, he added.

"Oracle has architected Oracle Exalytics to deliver high performance analysis, modelling and planning with reduced deployment complexity and lower total cost of ownership," he said.

According to a Nasscom and CRISIL report, the Indian analytics industry is expected to grow from the current level of $200 million and touch $1 billion by 2015.

"The demand for high-performance analytics is expected to accelerate further in the next few years, especially for data intensive industries like telecom, BFSI, automotive and government," Oracle India Divisional Lead (BI and EPM) Vikash Mehrotra said.