Oracle released their earnings this evening beating expectations. In response, Michael Hickins, Editor - WSJ CIO Journal, wrote this article with the assertion that CIOs are increasingly focused on eliminating complexity and, as a result, CIOs are more willing to embrace both the cloud and engineered systems. The goals CIOs are seeking are reduced expense and faster time to value.
This excerpt from the article captures the insight well:
“CIOs are also showing more of a preference for holistic, packaged systems that include hardware and application suites over acquiring software specialized in limited areas such as sales contact management. CIOs are also becoming more comfortable with standardized applications that, while not providing as many options for customization, reduce the expense and complexity associated with traditional software implementations. CIOs “have more confidence with engineered systems and what Oracle has done around business accelerators, and that allows customers to predict what it’s going to cost them and how long it will take to get it up and running,” Wettemann told CIO Journal. “They want applications that are designed to be more out of the box and that require less consulting and customization,” Wettemann said.”
I was so intrigued by this article because the CIO insights expressed exactly our maniacal focus in the design of VelociData’s value proposition. VelociData is an engineered system purpose built for data-integration acceleration that provides a >100X improvement in the time required for ETL functions such as data ingest and encryption. This patented, hyper-performance combination of software, firmware and hardware has been proven to take ETL functions that now take hours to complete into just seconds.
Whether the business requirement is shortening the maintenance refresh cycle for the data warehouse that has become dangerously close to missing service levels or based on a critical need for information at near zero latency, an engineered system is proving itself to be the best option from an expense reduction and time to value perspective. As a case in point, the VelociData solution complements existing ETL tools, so mush so, that our proof of concepts at Fortune 1000 companies demonstrates >100x improvement in performance within just a few hours.
Too good to be true? An EVP at our newest customer had this to say to us last week, “Rare is the vendor that does what they say they can do.” In their case, we took an ETL process that took 16 hours down to 45 seconds.
You can visit our website at: www.velocidata.com