CAMPBELL, Calif.--(BUSINESS WIRE)--ParAccel, Inc., provider of the leading high-performance analytics platform, introduces additional analytic libraries that leverage PADB’s ability to execute advanced analytics directly inside the database. They were developed in close partnership with Fuzzy Logix, a leading provider of innovative analytics solutions. ParAccel’s customers can now leverage hundreds of additional off-the-shelf functions based on Fuzzy Logix’s DB Lytix™ – an in-database analytics software library. The combined best-of-breed solution boosts analytic performance, accelerates time-to-analysis, and eliminates analytic silos.
Customers can now reduce cycle times up to 70 percent by eliminating the need to copy and replicate data to specialized platforms for advanced analytics. Moving the analytics inside the database also provides more reliable and precise results based on a full available dataset rather than a limited subset. Because the additional functions can be leveraged using standard Structured Query Language (SQL) and business intelligence tools, companies can easily accelerate their use of sophisticated advanced analytics across the organization.
“ParAccel’s partnership with Fuzzy Logix enables customers to derive even more value from their data using our high-performance analytic platform,” said Barry Zane, founder and CTO of ParAccel. “Our partnership ultimately provides customers with additional sophisticated analytics that they need to tackle the challenge of predictive analytics, along with our existing support for custom functions, MapReduce and integration with structured and unstructured data.”
Now organizations can choose from hundreds of additional pre-built functions in their analysis, removing the need to spend time and money to create functions such as Monte Carlo simulations or multiple regression for their analyses. Fuzzy Logix and ParAccel are also working in tandem to provide a unique library of advanced functions for Financial Services that will be released later this year.
“ParAccel’s high-performance database is an ideal platform for Fuzzy Logix’s extensive in-database analytics solutions,” said Partha Sen, CEO of Fuzzy Logix. “The combination of PADB and DB Lytix will eliminate the costly and time consuming process of moving large amounts of data for performing analytics. By running in-database analytics natively in PADB, companies can quickly and efficiently achieve performance gains that range from 10X to over 100X.”
To learn how to realize the potential of predictive analytics, please attend the “Power and Promise of Big Analytics” workshop at GigaOM’s Structure Big Data 2011 event at Pier Sixty at the Chelsea Piers in New York City on March 23, 2011. ParAccel’s Bala Narasimhan and Fuzzy Logix’s Jim Zhang will co-present at 10:30 a.m. ET.
About Fuzzy Logix
Fuzzy Logix is a leading predictive analytics software and services company. Fuzzy Logix enables companies to embed in-database analytics directly into their business processes, data warehouses, enterprise applications, devices, and web services. By directly integrating analytics into the areas where data already resides, Fuzzy Logix enables enormous processing efficiencies and dramatically reduces the cycle time for analytics.
Fuzzy Logix was founded by investment bankers. The vision for the company was conceived in 1995 and since then extensive research and development efforts were undertaken by the founding partners in the areas of quantitative finance and high performance computational methods. These efforts resulted in the development of more than 800 different types of algorithms in the areas of Statistics, Data Mining and Predictive Analytics, Monte Carlo Simulations, Financial Analytics, Geo Spatial Analytics and Text Analytics. These algorithms were written in C/C++ and C# and later formed the very foundation on which Fuzzy Logix has evolved over the last few years.
ParAccel is the developer of ParAccel Analytic Database (PADB), the world’s fastest, most cost-effective platform for empowering analytics-driven businesses. ParAccel enables organizations to tackle the most complex analytic challenges and glean ultra-fast deep insights from vast volumes of data. Data-driven businesses in financial services, retail, health care, government and more are taking advantage of ParAccel to tackle critical, time-sensitive questions outside the scope of conventional data warehouses and existing analytic tools.