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

Hazelcast has announced the latest release of its 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 is aimed at increasing the analytical capabilities of a real-time system by greater situational context to event and streaming data as it is created, yielding more meaningful insights.

According to the company, to support the real-time economy in which 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. In order 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.

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 supports the processing of data while enriching it with the context of stored data before it is written.

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 Tiered storage also allows customers to easily enrich real-time data with larger sets of historical reference data stored on disk/SSDs to create the required context.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.”

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 Platform 5.1 is generally available today via Hazel Cloud or as software to be 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, go to https://hazelcast.com/products/hazelcast-platform.

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