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By Margaret Harrist
Get an in-depth look at Oracle In-Memory Applications at Oracle OpenWorld.
Business environments today are data-rich, with more ways to collect more information than ever. There's a rising tide of data that can potentially be used to streamline processes, increase sales, and cut costs. To do that, however, requires an information technology infrastructure designed for speed.
Imagine being able to tap all that data quickly to make decisions and alter processes in real time. Oracle In-Memory Applications provide businesses with the ability to do that. Designed to take full advantage of the Oracle Database In-Memory option introduced in July 2014, these applications enable businesses to operate with unprecedented speed and agility.
How much faster? Oracle compared the performance of a range of applications to the in-memory version of those same applications running with the Oracle Database In-Memory option. With in-memory, batches that used to run overnight can now be processed on demand or in real time, accelerating processing from hours down to minutes or even seconds. That in turn enables a faster pace of business and decision-making across the organization.
For example, Oracle E-Business Suite In-Memory Cost Management for Discrete Industries lets organizations pull together standardized cost information from a variety of sources in near real time so they can analyze data and take action. For a complex manufacturing facility looking at almost 2 billion cost rows and nearly 14 million items, processing time was reduced from 58 hours to 3.6 minutes.
Likewise, Oracle Transportation Management running on Oracle Database In-Memory makes it possible to optimize routes in real time, improve on-time delivery, reduce empty miles and turnaround times, and increase efficiency. In a test scenario, a business with 16,000 drivers, 60 million shipment data records, and 145 million status records was able to perform analysis more than 1,000 times faster.
"When you compress business processes, when you're able to do things in seconds as opposed to hours, you have the ability to take a look at problems that you couldn't solve before," says Lyle Ekdahl, Oracle senior vice president, JD Edwards.
Oracle Database In-Memory and applications that have been optimized to take advantage of this new, better, and faster way of working will be on display and part of the conversation at Oracle OpenWorld 2014, which takes place in San Francisco, California, from September 28 through October 2.