This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Qlik And ParStream Strengthen Big Data Analytical Capabilities Of Austrian Retailer, MPREIS

Stocks in this article: QLIK

Qlik, (NASDAQ: QLIK), a leader in user-driven Business Intelligence (BI), and ParStream, provider of the Real-time Database for Big Data Analytics, today announced at Qonnections 2014, Qlik’s annual Global Partner summit, that ParStream’s on-demand data analysis capability has been integrated with the in-memory data analysis functionality of QlikView to help MPREIS gain more detailed and granular actionable intelligence from transactional sales data.

MPREIS is one of Austria’s largest retail chains with 228 supermarkets and 160 bistros. The company had been using QlikView, the market-leading data discovery solution, for over three years for sales and business analytics for all of MPREIS’ sites.

“To maximize the value MPREIS got from its sales transaction data, they needed a flexible, big data solution that allowed them to easily search and query in-real time,” said Les Bonney, Chief Operating Officer, Qlik. “The integrated solution from ParStream and Qlik provides the on-demand analytics they require along with the in-memory and big data capabilities of QlikView Direct Discovery. As a result, MPREIS has increased its data import capabilities and gained a powerful and comprehensive solution that can manage high performance and real-time analytics seamlessly.”

“Before this work, MPREIS reached a barrier when analyzing 500 million rows of data. Now, the combination of Qlik’s in-memory engine and ParStream’s Real-time Database for Big Data Analytics empowers MPREIS to analyze six billion rows of data in as little as 450 milliseconds,” said Michael Hummel, CEO of ParStream. “This allows MPREIS to go beyond pulling general sales numbers to being able to pull detailed, granular analysis such as when, where, and even to whom specific products were sold. This truly has revolutionized their business.”

Being able to perform well in varying situations, the Qlik and ParStream solutions are highly complementary technologies for organizations of any industry with big data strategies. Businesses can load their aggregated data on a yearly and monthly basis into QlikView and can continue to use their dashboards and applications in the same way as they did in the past. Furthermore, enterprises can load daily and real-time data into ParStream. The ability to analyze historical data simultaneously with newly imported data – what ParStream calls Fast Data – is vital for a business’ longevity and profitability by helping users make informed decisions based on real-time information.

To discover how the QlikView Business Discovery solution and ParStream’s Real-time Database for Big Data Analytics can help retailers – as well as businesses in other industries – maximize the value of their big data strategies, visit www.qlik.com and www.parstream.com.

About ParStream

ParStream helps businesses gain immediate insights into their data. As the leading provider of real-time databases, ParStream powers big data analytics on the massive amounts of data businesses collect daily. The award-winning, breakthrough technology enables ultra-fast, flexible analytics of stored and streaming data. The market-agnostic ParStream Real-time Database is used worldwide in e-commerce, telecommunications, finance, advertising, retail, mining, and science. Based in Cupertino, Calif. and headquartered in Cologne, Germany, ParStream has been awarded “#1 Big Data Startup” by CIO Magazine, recognized as a “Cool Vendor” in the Advancing Data Management Maturity report by Gartner, and was named “Trend-setting Products in Data of 2014” by Database Trends and Applications.

For more information, visit www.ParStream.com. To keep up-to-date with the latest industry trends, insights, and perspectives from ParStream, follow us on Twitter @ParStream. For a factsheet on ParStream’s unique features, go here.

About Qlik

Qlik (NASDAQ: QLIK) simplifies how people explore their data to help them make better decisions. With its QlikView Business Discovery platform people quickly bring data sources together to create dynamic visual applications that can be navigated and searched intuitively. QlikView uses Natural Analytics™ to reflect the way human curiosity searches and processes information, while delivering the enterprise manageability, governance and service offerings organizations require. Qlik and its global partner network support approximately 31,000 customers in over 100 countries.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs