1010data’s innovative cloud-based platform for Big Data Discovery and sharing challenges legacy vendors with robust solutions to manage and analyze large volumes of interrelated data
NEW YORK, NY – March 31, 2014 – 1010data, Inc., a market leader in Big Data Discovery and data sharing, today announced that the company has been positioned in the ‘Challenger’ Quadrant in Gartner’s 2014 Magic Quadrant for Data Warehouse Database Management Systems. 1010data is a recognized innovator in the development of a powerful, scalable, cloud-based software platform for Big Data, and solutions for complex business analytics for industries that include financial services, retail, telecom, gaming, healthcare, government, and manufacturing. 1010data’s suite of products for both business and technical users has driven the company’s growth and success.
A complimentary copy of the report can be obtained http://info.1010data.com/Whitepaper-2014-Gartner-Magic-Quadrant_DWDMS.html.
“It is gratifying that we continue to be recognized by independent industry analysts as a leading innovator and challenger to the legacy vendors,” said Sandy Steier, CEO and Co-founder, 1010data. “By unifying data and analytics into a single, cloud-based platform, 1010data takes a radically different approach to analysis, and we continue to innovate in order to provide our customers with the industry’s most powerful Big Data Discovery platform. This recognition caps a banner year of growth and milestones as we continue to offer best-in-class solutions to our customers.”
1010data’s focus on Big Data Discovery and data sharing solutions that enable quick and actionable insights from very large amounts of data is aligned with Gartner’s report on the future of data warehouse DMBS products as “Cloud data warehousing options are becoming viable alternatives for organizations”. Gartner notes that a strength of 1010data is “a well-executed vision of cloud before cloud existed.”
Additionally, Gartner lists the following strengths for 1010data:
- 1010data has a product and methodology for software and platform as a service. 1010data's clients can choose to "pool" their data for market analysis — a well-executed vision of cloud before cloud existed.
- 1010data has a consistent management team and strong verticals, adding the retail and gaming verticals in 2013 to its existing financial services and banking.
- Reference customers report positively on this company's speed, performance and scalability. 1010data has developed its own approach to very large data analysis, creating some advantages for its targeted customers.
For this Magic Quadrant, Gartner defines a DBMS as a “complete software system that supports and manages a database or databases in some form of storage medium (which can include hard-disk drives, flash memory, and solid-states drives or even RAM). Data warehouse DMBSs are systems that can perform relational data processing and can extend to support new structures and data types, such as XML, text, documents, and access to externally managed file systems. They must support data availability to independent front-application software, include mechanisms to isolate workload requirements, and control various parameters of end-user access within managed instances of the data.”
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