Company›Newsroom›New Hazelcast Release Aims to Eliminate Waiting, Improve Accuracy of Insights on Real-Time Data

By Hazelcast Comms

Mar 1, 2022

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New Hazelcast Release Aims to Eliminate Waiting, Improve Accuracy of Insights on Real-Time Data

Latest release features tiered storage, advanced streaming capabilities and expanded SQL support for enterprises to build real-time applications

Palo Alto, Calif., March 1, 2022 – Hazelcast Inc. is raising the bar for creating real-time advantages with the latest release of its run anywhere, real-time data platform. The Hazelcast Platform enables enterprises to build business applications that take automated, immediate action on data, without the wait times associated with database writes and human intervention. The new release boosts the analytical capabilities of a real-time system by enabling greater situational context to event and streaming data as it is created, yielding more meaningful insights. The new release also adds extended query capabilities and higher availability via less maintenance downtime.

Announced in the summer of 2021, the Hazelcast Platform acts as a single data layer and access point for applications to call upon and execute transactional, analytical and operational workloads. With the integration of the real-time stream processing capabilities, the Hazelcast real-time data platform is the only data platform that can begin processing the data while enriching it with the context of stored data before it is written. Processing and enriching data in motion saves application developers valuable time that can translate to new revenue streams or reduced risk exposure.

Greater Insights on Real-Time Data

Combining streaming with an in-memory data store allows enterprises to enrich streaming data as it arrives with historical context from the data store. The addition of tiered storage to the Hazelcast Platform eliminates the complexity of adding more third-party databases to IT infrastructures by automatically managing the balance between the tiers of fast data and large-scale data. Tiered storage also allows customers to easily enrich real-time data with larger sets of historical reference data stored on disk/SSDs to create the required context. The result is that enterprises can now realize even deeper insights or actions as the larger dataset improves the overall contextual quality of the real-time analysis.

“When Hazelcast announced its platform last year, the ability to merge real-time data with historical context opened new possibilities to deliver the right offer or insights to the end-user at the right time,” said Manish Devgan, chief product officer at Hazelcast. “By being able to work with datasets at scale within the same data platform, businesses can now enable even better outcomes in a much shorter window of time-to-market.”

Simplifying Advanced Analytics

Hazelcast SQL support was introduced in 2020 and its expansion to streaming provides business analysts, data engineers and data scientists a familiar language to create data pipelines for building real-time applications. The latest release includes streaming aggregation over fixed and hopping windows, additional SQL expressions, improved JOIN support and improved performance. Complementing support for ANSI SQL, Hazelcast added SQL support for JSON so that enterprises can store and query this popular data format for adding real-time processing capabilities to critical functions.

Hazelcast is a member of the Streaming SQL Expert Group within the International Committee for Information Technology Standards (INCITS) to help steer the standardization and innovation on streaming SQL.

The Real-Time Economy

Hazelcast designed its real-time data platform with the goal of eliminating waiting in today’s digital world. Thanks to the significant architectural changes inspired by the current wave of digital transformation, including advances in cloud computing and AI/ML, many leading enterprises are on the cusp of offering products and services that deliver on the promise of the real-time economy.

To truly enable the real-time economy, one where actions are instantaneously taken and insights are immediately actionable, enterprises must move beyond batch processing and into a state of continuous processing of data as it’s originated. To keep pace with this new state of operations, enterprises require a real-time data platform that incorporates streaming and in-memory latencies, to operate anywhere and pull data from any source, including databases, data lakes and data warehouses.

Availability

Hazelcast Platform 5.1 is generally available today via Hazelcast Cloud or as software to be deployed on-premises or within customers’ Amazon Web Services (AWS), Microsoft Azure or Google Cloud Platform (GCP) cloud environments. The tiered storage feature is currently in beta and will be generally available for production use in an upcoming version of the Hazelcast Platform.

For more information on the Hazelcast Platform, please visit: https://hazelcast.com/products/hazelcast-platform/

Industry Voices

“As a leading bank in the Nordics we work hard to offer the best to our customers. The Hazelcast Platform gives our customers an augmented user experience when processing their financial transactions, like payments and transfers. Adding real-time capabilities to our infrastructure means that we can always offer services to our customers whenever they want them and be able to anticipate their needs.”

  • A European Bank

“For several years, Sorint.lab and Hazelcast have helped our joint customers leverage the benefits of in-memory data and in-memory computing to drive increased value for their businesses. As companies seek to take the next step in building and deploying real-time applications, the Hazelcast Platform is the only solution that can easily combine the ability to process and enrich real-time streams with the historical context, speed and low latency of an in-memory data store. Sorint looks forward to working with our combined customer base and helping them achieve the shortest time-to-value with the Hazelcast Platform.”

  • Luca Pedrazzini, CEO for Sorint.lab S.p.A.

“The distributed edge is an emerging area that needs solutions to reduce latency and improve the processing of data at the edge of the network. The Hazelcast Platform lets developers create a data grid that combines in-memory computing and real-time stream processing to support ultra-fast applications in a distributed fashion.”

  • Mary Jander, Senior Analyst at Futuriom

Additional Resources

About Hazelcast Inc.
Hazelcast Inc. is the home of the real-time data platform that enables enterprises to capture value at every moment. With Hazelcast, enterprises can increase actionable insights by unifying event streams with contextual insights from traditional data stores at in-memory speeds. From the cloud to the data center to the edge, Hazelcast is unique in its ability to transform processes to help its customers achieve a competitive advantage via material revenue generation, risk management or cost reduction.

Hazelcast is headquartered in Palo Alto, CA, with offices across the globe. To learn more about Hazelcast, visit https://hazelcast.com.

Hazelcast Media Contact
Matt Wolpin
Sr. Director of Communications, Hazelcast
[email protected]