June 12, 2014 (Thu): Oracle Corporation, the world’s leading IT solutions and services provider, today unveils Oracle Database In-Memory which enables businesses to become Real-Time Enterprises that can quickly make data-driven decisions and respond instantly to customers’ demands.
At a special event at Oracle’s headquarters yesterday, CEO Larry Ellison described the ability to combine real-time data analysis with sub-second transactions on existing applications. Oracle Database In-Memory accelerates database performance by orders of magnitude for analytics, data warehousing, and reporting while also speeding up online transaction processing (OLTP).
“Oracle is the only vendor in the industry to embrace in-memory computing from applications to middleware to database to systems, enabling businesses to maximize profitability by accelerating operations, quickly discovering new growth opportunities and making smarter decisions,” said Andrew Mendelsohn, Executive Vice President, Database Server Technologies, Oracle.
Oracle Database In-Memory has undergone extensive validation testing by hundreds of end-users, Independent Software Vendor (ISV) partners, and Oracle Applications teams over the past nine months. The new release is a dual-format in-memory architecture combines the best of row and column format to simultaneously deliver fast analytics and efficient OLTP.
In addition, Oracle Database In-Memory demonstrated from 100x to more than 1000x speedup for enterprise application modules in performance tests, including Oracle E-Business Suite, Oracle’s JD Edwards, Oracle’s PeopleSoft, Oracle’s Siebel, and Oracle Fusion Applications.
“Oracle Applications provide the foundation for our customers’ mission-critical business operations, including sales, financials, supply chain and human resources. By raising the bar on speed, Oracle Database In-Memory enables customers to compound the value of their existing applications by deriving new insights and business opportunities faster,” said Steve Miranda, Executive Vice President of Application Development, Oracle.
Oracle Database In-Memory is scheduled for general availability in July and can be used with all hardware platforms on which Oracle Database 12c is supported.