|[October 10, 2012]
New SAS® Software Analyzes Streaming Big Data, Drastically Reduces Time to Decision
LAS VEGAS --(Business Wire)--
Finding value in big data doesn't stop at applying analytics to masses
of static information. SAS (News - Alert), the leader in business
analytics, today unveiled new software for fast-moving organizations
that need immediate insight from real-time data streaming into their
The new SAS® software enables real-time decision making by
continuously analyzing data as it is received. Analyzing high-volume
"events in motion," the new software is a form of complex event
processing (CEP) technology preferred for critical data management and
SAS DataFlux Event Stream Processing Engine, available in December,
incorporates relational, procedural and pattern-matching analysis of
structured and unstructured data. The innovative design enables flexible
deployment as a callable, embeddable service.
By drastically cutting time to action, this new software lets
enterprises make critical decisions in time to be most effective.
Traditional approaches, which apply analytics after data is stored, may
provide insight too late to act.
"Combining high-speed, low-latency streaming data with deep, predictive
analytics for risk valuations, surveillance and new trading strategies
can be a key differentiator for firms that need to monitor exposures,
liquidity and capital across portfolios on-demand during the trading
day," said TABB Group Chief Executive Officer Larry Tabb.
"Firms that are wrestling with the challenges of risk, regulation and
revenue growth need to be both faster and smarter in data management and
analytics to turn information into reusable assets that better address
client needs while improving efficiency and use of capital," said
founder of the TABB Group, a financial markets' research and strategic
advisory firm focused on capital markets.
SAS' efficient, scalable architecture offers high throughput and
supports hot fail-over - if one processor fails, operations switch
seamlessly to a backup. SAS DataFlux Event Stream Processing Engine,
part of the SAS
Information Management portfolio, also supports grid-based
distributed processing for large-scale deployments.
"Competitive organizations must incorporate analytics into day-to-day
decisions, modeling business processes they can enforce and monitor in
real time. Traditional technologies examine what has already happened.
SAS DataFlux Event Stream Processing Engine changes that, analyzing
high-velocity big data as it's coming in, before it's too late to act,"
said Jim Davis, SAS Senior Vice President and Chief Marketing Officer.
Financial services applications
Global banks and capital markets firms must analyze big data for risk
and compliance to meet Basel III, Dodd-Frank and other regulations. SAS
DataFlux Event Stream Processing Engine merges large data sets for risk
analysis with continuous data integration of internal and external
streams. These data sets include market data feeds from Bloomberg,
Thomson (News - Alert) Reuters, FIX, NYSE Technologies, International Data Corp and
SAS DataFlux Event Stream Processing Engine will integrate with the
newest version of SAS
High-Performance Risk, providing fast, in-memory valuations of large
portfolios of complex financial instruments for market, credit and
liquidity risk. It also offers interactive portfolio stress testing.
Combining SAS DataFlux Event Stream Processing Engine and SAS
High-Performance Risk, global capital markets and trading groups can
analyze consolidated risk exposure across all portfolios and
Other potential uses within capital markets include pre-trade risk
analyses, consolidated order books, trading surveillance and fraud
prevention applications. Find more use cases at www.sas.com/software/information-management/decision-management/event-stream-processing.html.
Today's announcement came at The
Premier Business Leadership Series event in Las Vegas, a
thought-leadership conference presented by SAS that brings together more
than 600 senior-level attendees from the public and private sectors to
share ideas on critical business issues. Please follow the event on
Twitter (News - Alert) by searching for #PBLS12.
SAS is the leader in business
analytics software and services, and the largest independent vendor
in the business intelligence market. Through innovative solutions, SAS
helps customers at more than 60,000 sites improve performance and
deliver value by making better decisions faster. Since 1976 SAS has been
giving customers around the world THE POWER TO KNOW®.
SAS and all other SAS Institute Inc. product or service names are
registered trademarks or trademarks of SAS Institute Inc. in the USA and
other countries. ® indicates USA registration. Other brand and product
names are trademarks of their respective companies. Copyright ©
2012 SAS Institute Inc. All rights reserved.
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