Welcome!

Java IoT Authors: Liz McMillan, Yeshim Deniz, Elizabeth White, Zakia Bouachraoui, Pat Romanski

News Feed Item

Kognitio Inks Deal With Fortune 5 Company, Delivering Big Data Analytic Power Via Kognitio Cloud

Company to use cloud-based Big Data analytics to better understand customer behavior, streamline supply chain cycles; deal builds on Kognitio corporate momentum

NEW YORK, Nov. 5, 2012 /PRNewswire/ -- Kognitio, driving the convergence of in-memory analytics, Big Data and cloud computing, today announced that it has signed an agreement with one of the world's largest companies to provide on-demand data analysis through its Kognitio Cloud platform.

The company, a Fortune Five firm, will use Kognitio to monitor and understand its customers' online behavior. Through the use of in-memory analytics, the Kognitio Analytical Platform will help drive more efficient and effective marketing to protect and grow sales revenues, thus providing better service to customers.  Since Kognitio Cloud is implemented through Amazon Web Services (AWS), the company will also be able to easily scale its infrastructure on an as-needed basis at a fraction of the cost of more traditional business intelligence implementations.

"We regard this as one of the most strategic customer wins we have ever achieved," said Steve Millard, Kognitio president and chief executive officer.  "Moreover, it delivers tangible proof of the corporate momentum that we have built over the last 18 months, with more companies realizing the value of Big Data analytics."  Millard noted that in the second quarter of its fiscal year, Kognitio reported a 27 percent increase in year-over-year revenue, with a 42 percent quarter-over-quarter increase.  The company also exceeded its new revenue and order targets, delivering the highest number of new orders in years.  Kognitio Cloud, he said, is a key component in the company's meteoric sales growth.

Kognitio Cloud-powered deep analytics into customer buying patterns, at granular levels, will allow the company to reach deep into its supply chain, optimizing just-in-time delivery cycles.  Millard added that this is intended to deliver a revolutionary advancement in supply-side efficiency, predicated on fact-based, demand-side decision-making.  This, he said, is a revolution rooted in Big Data, and powered by Kognitio.

Details of the agreement between Kognitio and the Fortune Five firm were not disclosed.

About Kognitio
Kognitio is driving the convergence of Big Data, in-memory analytics and cloud computing.  Having delivered the first in-memory analytical platform in 1989, it was designed from the ground up to provide the highest amount of scalable compute power to allow rapid execution of complex analytical queries without the administrative overhead of manipulating data.  Kognitio software runs on industry-standard x86 servers, or as an appliance, or in Kognitio Cloud, a ready-to-use analytical platform.  Kognitio Cloud is a secure, private or public cloud Platform-as-a-Service (PaaS), leveraging the cloud computing model to make the Kognitio Analytical Platform available on a subscription basis.   Clients span industries, including market research, consumer packaged goods, retail, telecommunications, financial services, insurance, gaming, media and utilities. 

To learn more, visit www.kognitio.com and follow us on Facebook, LinkedIn and Twitter.

SOURCE Kognitio

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER gives detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPOalso offers sp...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...