1010data Makes Big Splash with Big Data
The NYSE uses 1010data as the back-end driver for NYXdata, a customer-facing site that gives subscribers access to historic NYSE data
There’s been an explosion in the number and variety of Big Fast Data solutions, starting with data warehouse (DW) appliances — such as Netezza Inc., the former DATAllegro Corp., and Dataupia Inc. — continuing with quasi-appliances (such as products from ParAccel Inc., Kognitio, and other vendors that market either software- or software-and-hardware-based offerings), and even encompassing unconventional software-only offerings, such as the “correlational” data store marketed by illuminate Inc.
It’s a teeming segment, and one in which new vendors are continually making splashes of their own.
Consider 1010data, a provider of high-performance analytics for Big Fast Data customers in the finance, retail, and pharmaceutical segments. The company isn’t by any means an unknown, but it certainly made a big splash last month when it announced the expansion of a relationship that it first notched — six-and-a-half years ago, according to company officials — with the New York Stock Exchange. 1010data’s columnar database back-end — which is available in either software-as-a-service (SaaS) and on-premises (as a “managed service”) flavors — powers an NYSE warehouse that adds about 750 million new records daily. The NYSE today exposes several revenue-generating services based on its 1010data innards — including both raw data feeds and Web-based applications. What’s more, it uses 1010data as the back-end power plant for its NYXdata Web site, a customer-facing site that gives subscribers access to historic NYSE data.
In the NYSE’s case, says David Frankel, a vice-president at 1010data, it’s a question of facilitating fast access to an enormous (even mind-boggling) amount of historical data. 1010data, which was founded eight years ago, has been working with the NYSE since about 2001, and launched a production version of its SaaS offering — which consists of Tenbase, a columnar database backend, and 1010Vision, its ad hoc query and analysis front-end tool — six years ago.
“We started off with a small project [with the NYSE] and have been continually growing from there to where we are today. It [1010data's technology] was not purpose-built for the New York Stock Exchange. It was purpose-built for large scale data sets of the sort that the NYSE does have, but was not purpose-built for the NYSE in particular,” Frankel says.
“From our inception, we’ve been delivering this [SaaS] model, and we’ve had a full-featured Web client application [on the front-end] for analysis, so we were probably a little ahead of the curve,” he continues. It’s a Big Fast Data curve that Frankel feels is trending 1010data’s way: “Nowadays, with the acceptance of new data warehousing technologies in general, and … a lot more buzz about accepting software-as-a-service — these are two fundamental shifts in the industry that have worked to our advantage.”