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InterSystems IRIS Data Platform Technology Guide

Critical Enterprise Digital Transformation Initiatives

Introduction

Today more than ever before, organizations are striving to gain a competitive edge, deliver more value to customers, reduce risk, respond more quickly to the needs of the business, and out-innovate the competition. To achieve these goals, organizations need easy access to a single view of accurate, current, consistent, and trusted data. However, the increasing complexity and number of data sources and data volumes make this difficult to achieve in practice. As data grows, so too does the prevalence of data silos, making accessing, integrating, and leveraging data from internal and external data sources a challenge.

A Smarter Approach to Data Management

Recently, enterprise data fabrics have emerged as a much-needed architectural approach that is providing organizations with visibility and access to data from across the entire business, without the limitations typically associated with prior approaches. Data fabrics can integrate, transform, and harmonize data from disparate sources—on demand—to make it usable and actionable for a wide range of business applications.

Smart data fabrics take this approach a step further by incorporating a wide range of analytics capabilities, including data exploration, business intelligence, natural language processing, complex business rules, and machine learning directly within the fabric, enabling organizations to gain new insights and power intelligent and prescriptive services and applications.

Three office employees sitting at desk smiling

In contrast with earlier approaches, data fabrics allow applications and line-of-business personnel to access information from source systems on demand, as it’s needed, eliminating the latencies usually associated with data lakes, data warehouses, data marts, and manual techniques. Data that resides in different applications, silos, and sources inside and outside the organization can be accessed, integrated, harmonized, and even analyzed as it’s accessed, without the need to create yet another copy of the data. It is a fundamentally different approach that is bringing quantitative business benefits to every industry.

Cutting Through The Complexity

The challenge, however, is that implementing a data fabric can require dozens of data management services and products, resulting in complex architectures, delayed and unwieldy implementations, cumbersome maintenance, and a high total cost of ownership.

Addressing this key challenge, InterSystems IRIS® data platform is next-generation data management software that speeds and simplifies the implementation and maintenance of smart data fabric architectures. It is a comprehensive cloud-first product built from the ground up on a consistent architecture that provides many of the functional capabilities required for implementing data fabrics to power a wide range of critical enterprise applications, including Business 360, Customer 360, Supply Chain Visibility, IT/OT Convergence for Manufacturing, and Member 360 for Healthcare.

Other Resources You Might Like

Oct 31, 2024
BLOOR Research Opinion Article
This article from UK Analyst Bloor Research recognises the capabilities and advantages of InterSystems IRIS data platform as an "innovative and powerful data management platform" and it’s Smart Data Fabric capabilities offering a market differentiator.
Oct 30, 2024
A Benchmarking System to Spark Companies to Action
Download the Report
Oct 23, 2024
Market Note
This report explores how advancements in AI, including large language models and natural language processing, are revolutionizing every aspect of capital markets, from trading strategies to compliance and portfolio management.
Oct 22, 2024
Fact Sheet
Unified Data has the Power to Transform
Oct 22, 2024
ISG Research
This Ventana Research Buyers Guide: Data Platforms is an assessment of how well software providers’ offerings address enterprises’ requirements for data platforms software, evaluating software in seven key categories that are weighted to reflect buyers’ needs based on expertise and research.
Oct 16, 2024
Migration Options for Application & Solution Providers
Migrating InterSystems IRIS® and InterSystems IRIS for Health™ from on-premises to the cloud offers many advantages for Application Providers and Solution Providers. These advantages include simplified operations, access to flexible resources, and enhanced resilience. Companies no longer need to worry about the physical constraints and expenses associated with maintaining on-prem infrastructure, such as power and space requirements and expensive computer hardware.
Oct 16, 2024
TabbFORUM’s Market Structure Wave
In this edition of TabbFORUM’s Market Structure Wave video series, InterSystems Irene Galperin, Senior Advisor, Financial Services, discusses how firms in the capital markets have been investing and experimenting with AI, particularly most recently with the advent of ChatGPT. In this interview, conducted by TABB Group CEO Bruce Morris, Irene offers several use cases and explains that data is at the core of implementing AI, as data needs to be "high quality and consistent," essentially "AI-ready."
Oct 10, 2024
Get Your Data AI-Ready and Simplify Development and Deployment
Unleash the power of AI in healthcare with InterSystems solutions for seamless FHIR integration and development.
Oct 04, 2024
Product Fact Sheet
InterSystems Data Fabric Studio is an essential element of a modern data strategy required to enable growth, optimize business reporting, reduce risk, and support compliance for any firm in the financial services industry.
Sep 30, 2024
Video Overview
InterSystems OMOP is a cloud-based software-as-a-service designed to streamline healthcare research by automating the integration and transformation of clinical data into the OMOP format. This solution simplifies the creation of research data repositories and ensures easy data ingestion, transformation, and secure storage, accelerating the discovery of actionable insights and innovations in healthcare.

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