The predictions look to the horizon of in-memory computing, a computing paradigm that sits atop existing database installments to speed applications and transactions by as much as 1,000x, enabling cost-effective digital transformation for businesses in sectors that have even the most daunting speed and scalability needs.
“In the coming year, companies will push the boundaries of computing to new limits using in-memory computing. Over the past several months, we’ve seen bellwether companies adopt in-memory computing platforms to attain the extreme speed and scale they need for their digital transformations. Sberbank, one of the largest banks in the world, is building an in-memory computing system on commodity servers that rivals the world’s most powerful supercomputers. Wellington Management is managing $1 trillion in assets using in-memory computing to manage their investment book of record (IBOR) rather than relying on traditional computing methods. And Workday now processes an average of about 189 million transactions a day which compares favorably to the roughly 500 million tweets a day sent by Twitter. These types of massive computing performance will become the norm as companies worldwide follow suit by deploying in-memory computing technology to support their digital transformation initiatives and compete at this new pace of business.” — Terry Erisman, VP of Marketing, GridGain
“In-memory computing solutions and traditional disk-based databases are converging over time and this trend will continue to accelerate in 2018. In-memory data grids are powerful for accelerating existing systems built on disk-based databases while in-memory databases are used mainly to build greenfield systems. Nearly every business undergoing a digital transformation will eventually need to employ in-memory computing architectures that keep all vital data in-memory, providing the speed and scale they need to deliver acceptable application performance for customers, employees and the supply chain in the face of massive data growth. The primary question is how well traditional relational databases which are adding in-memory capabilities on top of disk-based architectures can compete with the new generation of in-memory computing solutions which were designed from the ground up to use memory first and disk only as backup. — Nikita Ivanov, founder and CTO of GridGain Systems
“In-memory data grids are already a mainstream solution in many industries to deliver speed, scalability and high availability for application processing. I expect this trend to accelerate in 2018 as more enterprises recognize the need for greater performance and scalability and the solutions become increasingly affordable as the cost of RAM declines. Further, echoing predictions from industry analysts such as Gartner and others, I’m certain adoption of data grids and other in-memory computing technologies – including in-memory databases and non-volatile memory – will continue to surge as organizations increasingly recognize these technologies are essential to the success of their vital digital transformation initiatives.” —Nikita Ivanov, Founder and CTO, GridGain Systems
About Nikita Ivanov:
Nikita Ivanov is founder of the Apache Ignite project and CTO of GridGain Systems, started in 2007. Nikita has led GridGain to develop advanced and distributed in-memory data processing technologies – the top Java in-memory data fabric starting every 10 seconds around the world today.
Nikita has over 20 years of experience in software application development, building HPC and middleware platforms, contributing to the efforts of other startups and notable companies including Adaptec, Visa and BEA Systems. Nikita was one of the pioneers in using Java technology for server side middleware development while working for one of Europe’s largest system integrators in 1996.
He is an active member of Java middleware community, contributor to the Java specification. He is also a frequent international speaker with over 50 talks at various developer conferences globally in the last 5 years.
About Terry Erisman:
With over 25 years of technology marketing experience, Terry Erisman has initiated and driven high revenue growth for a multitude of award-winning companies in the SaaS, open source, and enterprise software sectors.
Prior to joining GridGain, he was vice president of marketing for Citus Data, where he was responsible for worldwide marketing and established the first annual PGConf Silicon Valley Conference for the PostgreSQL community.
Before Citus Data, Erisman was chief marketing officer at Percona, Inc. Erisman was also instrumental in helping Percona take over, manage, and grow the Percona Live MySQL Conference & Expo held in Silicon Valley, London, and New York.
Prior to Percona, Erisman held executive management positions at DotNetNuke, Project Hosts, CaseCentral, Intevac and Atcor. Percona, DotNetNuke, and CaseCentral were all named to the Inc. 500/5000 list during his tenure.
He holds a Master’s in Business Administration from the Stanford Graduate School of Business and an A.B. in Chemistry from Harvard University.