This collaboration enables MicroStrategy customers to visualize data interactively on extremely large data sets in real-time. Along with being able to analyze historical data from previous days, months, or years, ParStream is also capable of simultaneously analyzing live data – data that is being imported in real-time. Such high-speed import and real-time query functionality is uncommon with many Big Data analytic solutions, but ParStream's columnar and distributed database was built from the ground up with this capability in mind – what is termed High Performance Compressed Index (HPCI). With ParStream, users are able to receive sub-second query results on billions of data records.
With this integration, business users can quickly and easily transform customer segmentation data, clickstream data, log data or operational data held in ParStream into visually insightful dashboards, reports, and data discovery applications. Companies can unlock actionable intelligence in real-time by using the MicroStrategy Analytics Platform's advanced data visualization capabilities, custom reporting, and interactive dashboards with ParStream.
"We are excited to be working with ParStream and bringing to market a solution that enables our joint customers to run extremely fast analytical results on their Big Data initiatives," said Paul Zolfaghari, President, MicroStrategy Incorporated. "As more organizations look to leverage streaming data for real-time decision making, there is a greater need than ever for tighter integration between today's next-generation database vendors, like ParStream, and our Analytics Platform."
"In today's economy, data is constantly being generated and businesses must be able to analyze Fast Data – historical data as well as live, real-time data – in order to derive actionable intelligence to improve business processes and support decision-making," said Jorg Bienert, Co-founder and CTO at ParStream. "Through this certification, ParStream and MicroStrategy are expanding their ecosystem by helping enterprises of all sizes, including Fortune 500-sized companies, maximize the ROI of their big data initiatives."
About MicroStrategy Incorporated
Founded in 1989, MicroStrategy (Nasdaq: MSTR) is a leading worldwide provider of enterprise software platforms. The Company's mission is to provide the most flexible, powerful, scalable and user-friendly platforms for analytics, mobile, identity and loyalty, offered either on premises or in the cloud.
The MicroStrategy Analytics Platform™ enables leading organizations to analyze vast amounts of data and distribute actionable business insight throughout the enterprise. Our analytics platform delivers reports and dashboards, and enables users to conduct ad hoc analysis and share their insights anywhere, anytime. MicroStrategy Mobile™ lets organizations rapidly build information-rich applications that combine multimedia, transactions, analytics, and custom workflows. The MicroStrategy Identity Platform™ (branded as MicroStrategy Usher™) provides organizations the ability to develop a secure mobile app for identity and credentials. The MicroStrategy Loyalty Platform™ (branded as MicroStrategy Alert) is a next-generation, mobile customer loyalty and engagement solution. To learn more about MicroStrategy, visit www.microstrategy.com and follow us on Facebook (http://www.facebook.com/microstrategy) and Twitter (http://www.twitter.com/microstrategy).
MicroStrategy, MicroStrategy Analytics Platform, MicroStrategy Mobile, MicroStrategy Identity Platform, MicroStrategy Loyalty Platform, and MicroStrategy Usher are either trademarks or registered trademarks of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.
ParStream helps businesses gain immediate insights into their data. As the leading provider of the Real-time Database for Fast Data Analytics, ParStream powers big data analytics on the massive amounts of data businesses collect daily. The award-winning, breakthrough technology enables ultra-fast, flexible analytics of stored and streaming data. The market-agnostic solution is used worldwide in e-commerce, telecommunications, finance, advertising, retail, mining, and science. Based in Cupertino, Calif. and headquartered in Cologne, Germany, ParStream has been awarded "#1 Big Data Startup" by CIO Magazine, recognized as a "Cool Vendor" in the Advancing Data Management Maturity report by Gartner, and was named "Trend-setting Products in Data of 2014" by Database Trends and Applications.