ParAccel Inc., a provider of data analytics technology, announced that its analytic platform is now available in the cloud. The offering, ParAccel Cloud Edition, can be deployed on premise in a private cloud or in a public cloud, the company says.
ParAccel Cloud Edition is designed to decrease the time it takes for companies to leverage analytics capabilities, allowing quick deployment of the ParAccel Analytic platform and enabling organizations to provision just the amount of storage and computing power they need.
Legacy databases and data warehouses are not able to process the volume of data, the variations in data types, or the complexity of analytics in a timely manner, ParAccel says, and the company has developed a platform that allows enterprises to conduct analytics in ways not previously possible with legacy databases.
ParAccel Cloud Edition includes the ParAccel analytic database, which provides integrated analytics on large, varied datasets. Future versions of the Cloud Edition will include a provisioning tool that provides an intuitive interface and allows users to set up the analytic platform in a matter of minutes.
“Our customers want to focus on the business value of analytics; they don’t want to worry about all the technology behind that effort,” Chuck Berger, chairman and CEO of ParAccel, said in a statement. “Jumping onto the cloud or becoming a cloud provider within the walls of their organization sets the stage for new business applications that drive profitability and reduce risk.”
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