StreamBase 2.0 Targets Financials - ' A Trend Toward Component ' (
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Mary Knox, an analyst at Gartner Group, said one of the most interesting new features in 2.0 is reusable and extendable application components, since it ties in with a trend toward component reuse.
"It allows for much more rapid time to market with new applications or functionality that incorporate those components," she said.
As far as data stream playback goes, Knox said it will appeal to the niche wherein people are building models. In that space, looking at historical data has been more routine than having the ability to check out real-time data, she said.
Real-time data analytics is drawing increasing attention, demonstrated by a recent announcement from Oracle Corp. that it would acquire TimesTen Inc., a maker of real-time data management software that takes information locked in legacy applications and replicates it to a relational database at what customers say is lightning speed.
StreamBase was rolled out at the Demo Conference in February. Click here to read more.
StreamBases competitive edge lies in the fact that its not a real-time database, Knox said. Rather, the software filters and analyzes data without that data needing to first be entered into a database.
"Thats where you see them being different from a TimesTen, which has a real-time database," she said.
"What [StreamBase does] is apply the filtering and analysis to in-stream data, which allows an even greater reduction in latency. It only matters for extremely time-sensitive applications, but that matters in the trading space, where sub-second delays can make dollar differences. I dont see it as a direct competitor of TimesTen, but as a different magnitude of performance."
StreamBase does have competitors in the realm of low-latency, complex events processing on multiple events streams, such as iSphere Software Ltd.
But, Knox said, StreamBase has the edge when it comes to industry specificity with regards to financial services, and even more so with regard to trading environments and the handling of data streams.
Its users are keen to avoid the spotlight, but StreamBase does claim to count among them a $7 billion hedge fund, a global investment bank, and the worlds largest all-electronic exchange, ArcaEx.
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