IQLECT Launches World's Fastest and Most Cost-effective Predictive Real-time Data Analytics Platform on Cloud
BANGALORE, July 5, 2017 /PRNewswire/ --
The data analytics startup, IQLECT (http://www.iqlect.com) has launched its software converged, SSD optimized, real-time predictive data analytics platform on cloud to help companies optimize their business using the data insights in real time. The platform comes fully loaded with various domain-specific apps (solutions) hosted on IQLECT's app store for accelerated time to market. IQLECT aims to operate in Infrastructure, IOT and Fintech domains.
IQLECT has designed and implemented the entire software stack from ground up to address the newer challenges of data analytics where the demand for actionable real-time insights is growing rapidly. The basic premise for IOT and predictive analysis is also to be able to capture and analyze data in real time where a plethora of devices, sensors, appliances, servers, web, log files, etc. are generating a large amount of unstructured data, which carry highly useful perishable insights that could be lost if not analzed in real time.
IQLECT has developed its own high performance, multi-flavored NoSQL database called BangDB, to solve the ingestion and processing of a large amount of data in a scalable and performant manner. Software convergence avoids the typical multiple silos which exist as bottleneck with most of the options in the market. This allows the platform to perform truly in real time and at the same time, scale for large volumes of data in an efficient manner. Being data agnostic in nature allows the platform to ingest different heterogeneous sets of data at one place, thus enabling the complex correlation or event processing to find interesting patterns, which could be difficult with existing tools and other platforms.
IQLECT simplifies the offering with converged, unified platform that can be offered on cloud as SaaS or shipped to enterprise for private deployments. Thus, allowing users to start small and grow as they need. Further with the ready to go apps, companies can begin within minutes to start dealing with real-time insights. Whereas, most of the players in the market either use big iron appliance, which cost millions of dollars to just get started. On the other hand, one needs to stitch different software pieces, all designed for different purposes, to create a platform, which usually takes very long time to see the light of the day.
"We are very excited about this platform launch. This is a big step towards making the real-time data analytics simple and affordable for all," says Sachin Sinha, CEO of IQLECT. IQLECT was founded by Sachin Sinha in 2015, who also designed and wrote the BangDB, one of the fastest NoSQL database, which offers some of the rich capabilities along with time series data processing in real time.
IQLECT is working with Cisco, Dell and multiple IT infrastructure providers. The SaaS launch will bring much-needed cloud promise to the real-time data analytics to reach out to customers across the world.