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May 28th, 2008 - Aleri today announced the latest version of Aleri Live OLAP. Taking CEP one step further, Aleri Live OLAP allows users to interactively analyze multi-dimensional data sets that are live
Aleri announces the latest version of Aleri Live OLAP
Jeff Wootton, Vice President of Product Development, Aleri: "With Aleri Live OLAP, users can interactively analyze live data using multi-dimensional data analysis tools.”
“Traditional data analysis or Business Intelligence (BI) tools are designed for analyzing historical data. They aren’t designed to work with data that’s current and constantly changing,” said Jeff Wootton, vice president of product development at Aleri. “That’s not the case with Aleri Live OLAP, where users can interactively analyze live data using multi-dimensional data analysis tools.”
Aleri is the only CEP vendor to complement CEP technology with real-time OLAP capabilities. While many CEP products integrate with databases for historical capture of event data, the ability to perform multi-dimensional analysis against live data sets has not been available. One area where this technology is receiving particular interest is portfolio analysis and risk management: while the CEP engine is used to perform real-time position keeping, portfolio valuation and risk aggregation, the Live OLAP tools are used to analyze positions and exposures across different dimensions – in real-time.
The Aleri Live OLAP engine collects streaming data from Aleri’s CEP platform and applies a dimensional hierarchy defined via the Aleri OLAP Studio. Aleri Live OLAP differs from traditional OLAP in that it does not rely on pre-aggregation. Aleri’s virtual cube technology allows users to analyze up-to-the-second, live data in real-time allowing for the creation of customized, dynamic reports based on multiple dimension aggregation. Additionally, with Aleri’s virtual cube technology, users can analyze data across unlimited dimensions, which is hard and expensive to do with traditional OLAP.
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