Altibase Inc. In-Memory Database Capable of Thwarting Stock Market Outages:World’s Fastest In-Memory Database has Zero Latency, 100% Uptime, Microsecond Big Data Speed

According to Reuters on August 22, 2013, the technology failure that halted trading on the NASDAQ for more than three hours this past Thursday brought the nation’s second largest exchange to its knees. The technical glitch further showcases how fragile the U.S. trading platforms are. It was the latest in a series of failures to disrupt increasingly complicated markets that rely on and are driven by spiraling data loads. The potential for a financial calamity is prompting the Securities and Exchange Commission to push for rules requiring executives to improve the reliability of their technology.

“These outages are absolutely going to continue,” said Neil MacDonald, a fellow at technology research firm Gartner. “There has been an explosion in data across all types of enterprises. The complexity of the systems created to support big data is beyond the understanding of a single person and they also fail in ways that are beyond the comprehension of a single person.”(The Guardian on August 23, 2013)

“As data management becomes increasingly complex, and in the wake of multiple outages, it is an absolute necessity for organizations to deploy mature, proven technologies that have stood the test of time. Human oversight alone cannot keep up with the explosion of data demands. Altibase can handle over 1.4 million transactions per second and no human can intercede at that speed. With the introduction of a litany of unproven and immature products, the real fear is that so many organizations are adopting nascent technologies.” –Chris Chung, CEO of Altibase Inc.

The NASDAQ outage came on the heels of a series of meltdowns at Amazon, Apple, Google and the New York Times. Amazon’s estimated 45 minute crash led to upwards of $5 million in losses according to VentureBeat on August 19, 2013. Google’s five minute outage earlier this month led the search giant to hundreds of thousands of dollars in ad revenue losses and up to 40% of decreased internet traffic during the episode according to CIO Today on August 19, 2013.

“Robust data management, high availability and fail-safe, non-stop operation are the pillars of today’s ecommerce, financial exchanges and industry’s core infrastructure. Altibase simply does not take short-cuts to achieve strict durability, extreme speed and zero-downtime. With over 15 years of pure dedication to In-Memory computing optimization, Altibase has proven itself as the most battle-tested, scalable, mission-critical solution in In-Memory database applications time and time again.” –Chris Chung, CEO of Altibase Inc.

A recent study by Forrester Research found that downtime costs of a leading security company exceeded 8 million dollars per hour. Further, 49 percent of the Fortune 500 experience at least 1.6 hours of downtime per week, which equates to 80 hours annually according to a Dunn & Bradstreet. National Archives & Records Administration in Washington cites that 93% of companies that lost their data center for 10 days or more due to a disaster filed for bankruptcy within one year of the disaster. Further, 50% of businesses that found themselves without data management for this same time period filed for bankruptcy almost immediately.

These outages underscore how tenuous the U.S. stock markets, retailers and core business architectures truly are. With almost $20 trillion dollars traded on over 50 stock exchanges and related electronic platforms, the domino effect of a faulty automated trade execution system can roil the global markets suddenly and without warning.

The impending damage to today’s business is not quantifiable if core systems fail. Altibase is wholly focused on coupling its unmatched expertise in In-Memory databases with the demands of seamless scalability for the geometric growth in data. Altibase has handled the load of quadrillions of transactions in finance, military and manufacturing since 1999, without issue and fortified by a zero failure rate.

For 18 years, with its beginnings as a government sponsored In-Memory computing research initiative, Altibase has been and remains entrenched in rigorous R&D. Known for mission-critical solutions when money and lives are at stake, Altibase delivers peace of mind. With over 500 enterprise clients, and thousands of deployments, Altibase has stood the test of time and comprehensively understands speed, scalability and reliability.

“There are no short-cuts to stability, data integrity and uninterrupted service. Altibase understands how to deliver on these requirements, without fail, through years of experience reinforced by thousands of successful deployments in mission-critical environments.” –Chris Chung, CEO of Altibase Inc.

ALTIBASE HDB™ with its Hybrid architecture combines the extreme speed of an In-Memory database with the storage capacity of on-disk data management in a single unified engine. Altibase is not only vertically scalable but has virtually no limitations to horizontal scalability with absolute ACID compliance. Its solutions have optimized performance, profitability and reliability in areas such as online trading, pairs trading, Algorithmic Trading, authentication, single sign-on, options trading, FX margin trading and FOREX exchanges including but not limited to E*TRADE, Samsung, HP and ministries of defense.

It is widely known that shaving even a millisecond can be worth millions. Altibase defines itself in microseconds. ALTIBASE HDB™ provides ways to drastically increase speed, reduce spend, increase revenue while ensuring complete data integrity, zero-latency and zero-downtime.

Altibase Announces its Inclusion in Gartner’s “Hype Cycle for Business Intelligence and Analytics, 2013″

Since 1999, Altibase has been a global leader in In-Memory Database solutions and is pleased to announce its inclusion in Gartner’s “Hype Cycle for Business Intelligence and Analytics, 2013.”

“As a pure In-Memory Database company, Altibase is thrilled to be part of Gartner’s ‘Hype Cycle.’ In addition, as Gartner has identified In-Memory Database Management Systems as ‘transformational’ and predicts ‘mainstream adoption’ in 2 to 5 years, Altibase looks forward to stratospheric growth in the coming years. I am especially pleased that the best is yet to come. Altibase looks forward to leveraging its product maturity to help customers with their In-Memory database integrations.” Chris Chung, CEO of Altibase Inc.

“Others such as Altibase…focus on high-intensity transactional processing.” Gartner’s Hype Cycle for Business Intelligence and Analytics, 2013.

With the massive growth in data and the associated requirements to process that data in real-time, companies no longer have the option to rely on legacy database systems. The early adopters of In-Memory database technologies will simply see positive results earlier and pass the competition. It is well known that real-time database management is still only a small part of the vast majority of the Fortune 500.

According to the financial research and consulting firm Aite Group, 20% of banks [companies] that do not upgrade their core systems are at a competitive disadvantage and have reached a high level of urgency to replace their core system. In addition, Aite Group indicates that over 50% would benefit from a core systems upgrade as well.

“Strategic, real-time data management is critical to open new-lines of business and maintain customer satisfaction. Consumers are no longer tolerant of data latency. The problems companies now face with quasi-real-time processing, if left unaddressed, will only grow as time passes.” Chris Chung, CEO of Altibase Inc.

“We have no reservations when it comes to Altibase’s performance. We’ve verified that Altibase delivers higher performance, higher than other competitors in multiple benchmark tests. For integrated authentication systems, stability is the most important factor. We were concerned because authentications are frequent accessed through sessions on internet networks. We process more than 50,000 concurrent transactions in active sessions daily. We were very satisfied with the distributed utilization of memory resources within the Altibase solution. Altibase uses less CPU resources than the existing on-disk DBMS and is more stable while using these resources. We expect to develop more monitoring functions in the near future.” Manager of EBS

Altibase has solved a litany of problems in Telecommunications, Financial Services, Manufacturing and Government. Widely considered as the most-battle tested In-Memory database solution, Altibase is ready to forge deeper, on an agile basis, into the multi-faceted data pain-points that companies encounter.

“Our 15 years of proprietary In-Memory database experience has taught us how to handle and solve even the most complex application challenges that our clients face. We are expanding on that experience with persistent and rigorous R&D to be the single-point solution for all mission-critical operations for years to come.” Chris Chung, CEO of Altibase Inc.

Real-time processing, Big Data and targeted solutions are here to stay and Altibase is poised to help companies with low TCO (Total Cost of Ownership), strict data integrity, zero downtime and utmost speed.


Databasics: What is a DBMS?

A database management system (DBMS), often confused with a database, is a system that allows people and applications to interact with data. Data refers to individual pieces of information and a database refers to the compilation of multiple pieces of data. A DBMS is vital in order to apply this information and make it useful.

There are endless applications for DBMSs. Anything that requires the organization of large quantities of data will need a DBMS in order to manipulate it. The data can be organized in many different ways – by table, object, data tree and more. Read more