In its Business Software Themes report for 2014, Wells Fargo says that in-memory database systems offer “faster, better, cheaper” solutions to business problems than their legacy counterparts. They go so far as to spotlight Anaplan as a solution that “has emerged as a leader with its differentiated cloud-based planning and modeling solution that was built with a native in-memory engine.” (aww shucks, you’re making us blush!)
Wells Fargo thinks in-memory databases have greater potential than many recognize – and more known use cases than many believe. To quote:
Budgeting, planning, forecasting, and financial reporting are great places to start, in our view. Their massive data volumes and large numbers of variables can yield faster and more informed decisions, and likely lead to measurable business impact. The idea here is to reduce cycles and increase planning accuracy by allowing a deeper level of operational detail to be included within the plan and by enabling users to perform more what-if scenario modeling iterations in the same budgeting window. This means insights can be put to use without reengineering the back-end core processes and existing transactions can be run with more valuable, timely input.
We couldn’t have said it better. That’s why we invented Anaplan, and that’s why our customers are solving core operational problems that have plagued them for years.
Anaplan is unique in that our platform couples a unique data cloud, the “Anaplan Hub,” (another trend identified as a must-have by Wells Fargo) with a powerful, patented data engine: the HyperBlock. The HyperBlock works behind the scenes to give users an unprecedented level of scalability and flexibility. Layer an intuitive business user interface on top and you’ve given users a new world of analytic capabilities. With just a few clicks, business users can leverage transactional data in their models and plans, adjust business rules and key drivers (dimensions, hierarchies, and more).
So, Wells Fargo, we agree: in-memory and having all your data unified in the cloud are where it’s at.
Go check out Well’s Fargo’s Business Software Themes for 2014 for yourself.