Corvil has added streaming analytics, big data adapters, auto data discovery and more to its network performance monitoring solution to deliver a streaming analytics platform designed for real-time operational intelligence and big data integration.
The Corvil Giga release – which will be followed by Tera and Peta releases supporting greater data volumes within the next 18 months – is a response to changing customer requirements, including the need to maintain regulatory compliance by having a real-time view of what is happening in trading infrastructure, monitor data at a level that can support real-time business operation and analyse and integrate big data.
Donal Byrne, CEO of Corvil, explains: “Today, about 70% of the use of our platform is outside performance analytics. The platform is being used for risk mitigation in trading, to demonstrate compliance, for internal reporting and to integrate data that is captured and analysed back into business intelligence systems. This shift motivated us to develop the platform and make these things easier to do.”
Corvil Giga taps into data flowing through networks and transforms it into operational intelligence that the company says can give IT operations a 10-fold improvement in the speed to see, understand and action any problems. Delivering this ability are a redesign of the Corvil network and applications performance monitoring platform and additional capabilities including auto data discovery, which automatically discovers all data sessions on the network; analytics plug-ins that can be used to analyse apps and IT protocols; global data search of all indexed fields to produce instant answers; analytics streams that can be published to big data and business intelligence systems; and big data adapters that support environments including Hadoop, Kdb, Storm and Splunk.
Describing the big data element of Corvil Giga, Byrne says: “The platform is transformative for big data. Now, the problem is that firms can’t digest, analyse and process big data. If the large banks and exchanges we work with took in all the data in their trading networks they would have Petabytes of data they couldn’t store or search. We have solved this problem by analysing data in the network on the fly, extracting data that users are interested in and streaming it into big data platforms. The combination of high volume network data and the intelligence to parse the data to identify the business context of what is going on in the network means users can tap into enormous volumes of real-time streaming data in an accessible, meaningful and economical way.”
The platform has been on beta test with a handful of large banks, exchanges and service provides for three months and will be widely available later this month. Customers using the existing Corvil platform can upgrade to Giga, which is also expected to attract new customers looking to operate and safeguard business in real time.