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Graph Database Market Continues Explosive Growth
OAKLAND, Calif. — September 15, 2015 — Franz, Inc., the leading supplier of Semantic Graph Database technology technology has been named CIOReview Magazine's Top 20 Most Promising Database Technology Solution providers. The award comes on the heals of Franz's recent announcement of the first Semantic Data Lake (SDL) for Healthcare, which was created in collaboration with Montefiore Medical Center (the eighth largest hospital group in the U.S.), Intel, Cloudera and Cisco. The SDL for Healthcare is a scalable and extensible Healthcare platform designed for Accountable Care and Personalized Medicine initiatives.
"Franz has been leading the burgeoning Graph Database revolution with a highly sophisticated, yet elegant Semantic Graph database solution," said Harvi Sachar, Publisher & Founder, CIO Review. "Franz's AllegroGraph continues to break new ground in predictive analytics and visual graph discovery capabilities- benefiting organizations around the globe within Healthcare, Intelligence/National Security, Life Sciences and Financial Services. We're excited to include Franz as one of our 20 Most Promising Database Solution Providers."
CIOReview is a technology magazine that showcases enterprise solutions capable of redefining the business goals of enterprises. It is a neutral source of information for technology decision makers that constantly endeavors to identify "The Best" in a variety of areas important to the technology industry.
"Since our inception, we have always been in the business of 'solving complexity' through our Semantic Graph technologies," said Dr. Jans Aasman, CEO, Franz Inc.. "From our origins in the Artificial Intelligence boom, through our advanced capabilities in Graph search and now as part of our Semantic Data Lake project, we provide powerful solution to complex challenges in the Enterprise."
The popularity of Graph databases has skyrocketed - growing nearly 400% in the past two years, according to a DBMS ranking by DB-Engines.
A recent Forrester Research report stated, "Graph databases are a powerful optimized technology that link billions of pieces of connected data to help create new sources of value for customers and increase operational agility for customer service. Because graph databases track connections among entities and offer links to get more detailed information, they are well-suited for scenarios in which relationships are important, such as cybersecurity, social network analysis, eCommerce recommendations, dependence analysis, and predictive analytics." (Source: Forrester Research, Market Overview: Graph Databases, May 28, 2015)
During the recent Smart Data Conference, Dr. Parsa Mirhaji MD. PhD., Montefiore Medical Center and Dr. Jans Aasman, CEO of Franz Inc., introduced the AllegroGraph powered Semantic Data Lake. The need for semantic consistency within Data Lakes is a driving force for the Semantic Data Lake Healthcare platform. Adding semantics to a Data Lake dramatically eases the transformation and integration of multi-source, heterogeneous unstructured and structured data including free text clinical narratives.
'Data Lakes' have become one of the most discussed information management approaches over the past few years. According to Gartner Research Director Nick Heudecker, "Data Lakes typically begin as ungoverned data stores. Meeting the needs of wider audiences require curated repositories with governance, semantic consistency and access controls..." (Source: Press Release, Gartner Says Beware of the Data Lake Fallacy, July 28, 2014)
Unlike traditional relational databases or Property Graph Databases, AllegroGraph employs semantic graph technologies that process data with contextual and conceptual intelligence. AllegroGraph is able run queries of unprecedented complexity to support predictive analytics that help organizations make more informed, real-time decisions. AllegroGraph is the first Graph Database to support analysis across N-dimensions - any conceivable measurement of an object, property or operation. For example, AllegroGraph can analyze temporal (time) and geospatial (location) dimensions relative to any 'event,' such as a disease, drug interaction, genetic combination, biomarkers, observations, image or physical sensors.
Franz Inc. is an innovative technology company with expert knowledge in developing and deploying Graph Search solutions. AllegroGraph, Franz's flagship, high-performance, transactional, and scalable Graph Database, provides the solid storage layer for powerful Enterprise grade NoSQL solutions. AllegroGraph's Activity Recognition capabilities provides a powerful means to aggregate and analyze data about individual and organizational behaviors, preferences, relationships, plus spatial and temporal linkages between individuals and groups.
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Franz, an American owned company based in Oakland, California, is committed to market-driven product development, the highest levels of product quality and responsive customer support and service. Franz customers include Fortune 500 companies in the government, life sciences and telecommunications industries. Franz has demonstrated consistent growth and profitability since inception. For more information, visit franz.com.
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