Hazelcast has announced its new Hazelcast Platform, enterprise software capable of serving as a single platform for transactional, operational and analytical workloads.
According to to the applications firm, the Hazelcast Platform combines the capabilities of a real-time stream processing engine with in-memory computing to deliver a simplified architecture that is highly performant, scalable and reliable.
Per a recent global survey of 600 IT decision makers, nearly four out of five professionals indicated they are facing some level of difficulty merging real-time streaming data and data at rest. With the Hazelcast Platform, enterprises can unify event streams with the context of traditional data sources, such as databases and data lakes, to accelerate revenue growth, significantly lower risk or drive cost efficiencies.
According to Forrester, traditional data platforms are failing to meet new business requirements that demand a no-compromises combination of real-time data, performance, scale, integrated data and security. Disparate technology stacks compromise the delivery of timely, integrated data to various applications, operational systems and analytics.
The sweet spot is the ability to perform all of these workloads [transactional, operational and analytical] within a single database, leveraging innovation in memory, multimodal, distributed and cloud architectures.
"From eCommerce to financial services to manufacturing, the use cases that can benefit from the Hazelcast Platform are endless," the company says.
"Whether it is trade monitoring or tailored offers for customers, enterprises can leverage the Hazelcast Platform to combine disparate data systems and continuously process data as it is generated and unified with historical data."
Kelly Herrell, CEO of Hazelcast, explains, "While data continues to be an enterprises most valuable resource, its only useful if they can derive actionable insights in a timely manner.
"The Hazelcast Platform represents a monumental step forward for the creation of real-time, intelligent applications that help enterprises capture the value they otherwise would miss.
"Complementing the high performance and reliability of the Hazelcast Platform is its ability to simplify application development and maintenance.
"With its ability to execute transactional, analytical and operational workloads, the Hazelcast Platform can act as a single data layer and access point for applications to call upon," Herrell says.
"This benefit is possible because of the robust library of connectors from Hazelcast. From MongoDB to Redis Labs to Snowflake, Hazelcast develops and maintains each connector to ensure high performance, reliability and security so developers only need to build the application against Hazelcast."
The Hazelcast Platform is currently available in beta with the expectation that it becomes generally available in August 2021. As part of the company's collaboration with IBM, features from the Hazelcast Platform will also be made available through the Hazelcast Platform for IBM Cloud Paks, an integrated software offering that runs on Red Hat OpenShift.