SingleStore will be participating in Acceleration Economy’s Cloud Database Battleground on January 27. Here’s a look at the company.
Who They Are
The breakneck pace of business is only accelerating. This is forcing companies to face the reality that their future expectations require better capabilities in this modern data era. SingleStore recognizes this reality and that “time is everyone’s stiffest competition.”
In 2011, SingleStore set out to give businesses an intelligent ecosystem based on real-time analytics, machine learning, and AI. Led by CEO Raj Verma and CTO/Co-Founder Adam Prout, SingleStore has been recognized by Deloitte in the “Technology Fast 500 2020” and the Inc. 5000 List for 2020. Further, SingleStore is used by a majority of companies in the telco industry, half of the top 10 banks, and 12 of the Fortune 50 companies.
“The purpose-driven mission of SingleStore is around three pillars:
The first pillar is our employees. For me, it’s about giving the opportunity to someone that I was afforded in life.
The second pillar is around value. I believe the way we create value for our teams and our customers is by enabling them to do things that they couldn’t do before, with anything or anyone else.
Last but not the least, I think what we do to uplift and provide a voice for people who don’t have a voice is crucial. Social and cultural responsibility is a huge part of SingleStore’s mission.”
– Raj Verma in an interview with Charlie Katz on “Five Things You Need To Be A Highly Effective Leader During Turbulent Times”
What They Do
Whether on-premises or in the cloud, SingleStore delivers immediate insights through its Managed Service and Database Software solutions. Additionally, they focus on four major aspects that every organization needs.
Eliminate Database Sprawl
Move to a single database that unifies your data and supports massive workloads
Scale Your Database
Overcome SQL limitations and bottlenecks with the cloud-native operational database
Deliver Ultra-Fast Analytics
Leverage our scalable architecture that provides fast ingest & query performance
The Managed Service product provides fully-managed elastic cloud database capabilities. Additionally, the flexibility to use multi-cloud or hybrid and ease of deployment allow companies to achieve superior total cost of ownership.
The ability to run SingleStore anywhere speaks to the strengths of SingleStore DB as “The Database of Now™️.” It’s equipped to run anywhere from “bare metal to hybrid cloud” and is optimized for modern workloads.
So, how does it work? According to SingleStore, it’s “a distributed, highly-scalable SQL database that can run anywhere.” They can “deliver maximum performance for transactional and analytical workloads with familiar relational models.”
On top of the scalability, they also have purpose-built solutions for multiple, ever-changing industries.
- Financial Services: Move as quickly as financial markets do
- High Technology: Target customers and optimize operations
- Media Communications: Get up-to-the-second insights on users
- Government and Public Sector: Respond with accuracy and speed
- Energy and Utilities: Enable fast and flexible data processing
- Retail and eCommerce: Reach every shopper in real time
Who They Have Impacted
Every area of the world has been impacted by the pandemic in one way or another. People, companies, and industries were hit with challenges they hadn’t faced before. In spite of the devastation in many areas, some companies and industries rose up and launched new initiatives to face the uncertainties.
Now, efforts are underway to address potential new viral outbreaks. One such company is True Digital Group, which is part of Thailand’s leading telecommunication company. They want to get ahead of the problem by getting real-time monitoring in place.
The challenges were monumental in many ways:
- 30M mobile phones that must be evaluated
- 500K anonymized location events every second
- 2PB of reference & historical data must be available
- Real-time visualization must support geo-analytic queries with ultra-low latency in milliseconds
“Before COVID-19 we didn’t have a need to do analysis on real-time location data. The crisis proved there is an application for using real-time data to aid decision-making, and now that we have it, we’re seeing a lot of applications where we can use it.“
Bernd Vindevogel, Chief Analytics Officer
What were the business outcomes by implementing SingleStore?
- One week to develop the first operational version of True Digital Group’s Tracepulse
- In-the-moment view of mobile phone density
- Power wall-sized dashboards in Thailand’s crisis operations control center
- Granular visibility of mobile phone density data
