CHELMSFORD, Mass., Nov. 4,
2013 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH), the
leading global provider of visual data discovery solutions,
announced today it was selected as the "2013 Best Big Data
Technology Provider to the Buy Side" by Waters Technology in its
annual awards competition. Datawatch was recognized for its
recently acquired Panopticon visual data exploration
technology.
(Logo: http://photos.prnewswire.com/prnh/20121015/NE92833LOGO
)
Announced Friday, November 1, 2013
at The Waldorf Hilton, Aldwych in London, the awards recognize the leading
technologies and vendors in their area of expertise, through an
auditable and transparent methodology underpinned by the input and
experience of seven judges - five buy-side-focused technology
consultants and two Buy-Side Technology editors.
Buy-side institutions are typically large financial firms like
private equity funds, mutual funds, life insurance companies, unit
trusts, hedge funds, and pension funds. Datawatch clients on the
buy-side include Blackrock, the world's largest asset manager,
Citadel, one of the largest hedge funds in the world, and J.P.
Morgan. They use Datawatch visualization solutions to analyze
real-time market activity and perform in depth analysis of
historical trading and risk data.
Now part of the Datawatch Desktop and Datawatch Server
offerings, this technology retrieves data directly from sources
commonly used in buy-side institutions, including real-time data
feeds, in-memory databases, relational databases, CEP engines,
message buses and spreadsheets. The architecture eliminates the
need for a middle layer, including data warehouses, data marts and
proprietary databases that add costs and latency.
Most visualization tools are unable to cope with the "Three V's
of Big Data" – volume, velocity and variety. However, Datawatch's
technology handles:
- Data sources of any size
- Data that is changing in real time
- Data stored in multiple types of systems and formats
"A quick, accurate understanding of what's happening is vital to
success on the buy side in an age of Big Data," said Ben Plummer, chief marketing officer and senior
vice president, Strategic Alliances for Datawatch. "It's
gratifying to have an organization of Waters' reputation recognize
the value of our technology and the unique capabilities it brings
to the market," he added.
Datawatch visual data discovery solutions are currently in use
by 95 major capital markets firms around the world. Real-time
visualizations provide traders and portfolio managers with clear,
up-to-the-minute understanding of investment performance. Users can
see how a portfolio is performing and responding to market changes.
Managers see details for all portfolios in a single view and
can drill down to see details about underlying instruments, or up
to view aggregated data across different metrics. They can
also analyze portfolio relative contributions, screen out
constituents that do not merit attention and get complete details
on the ones that do.
Later this month, Datawatch and Waters Technology will host a
webinar to further educate buy-side and sell-side firms on Big Data
and how they can effectively create a Big Data roadmap. The webinar
titled "Big Data" is scheduled for November
21 at 10 am EST. Click here to
register.
ABOUT DATAWATCH CORPORATION
Datawatch Corporation
(NASDAQ-CM: DWCH) provides visual data discovery software that
optimizes any data – regardless of its variety, volume, or
velocity – delivering next generation analytics to reveal valuable
insights for improving business. Its unique ability to
integrate structured, unstructured, and semi-structured sources
like reports, PDF files and EDI streams with real-time streaming
data into visually rich analytic applications allow users to
dynamically discover key factors that impact any operational aspect
of their business. This ability to perform visual discovery against
any data sets Datawatch apart in the big data and visualization
markets. Organizations of every size, worldwide use Datawatch,
including 99 of the Fortune 100. Datawatch is headquartered in
Chelmsford, Massachusetts with
offices in New York, London, Munich, Stockholm, Singapore, Sydney and Manila, and with partners and customers in
more than 100 countries worldwide. See the Whole Story for
yourself by downloading the free trial at
www.datawatch.com/trial.
Investor Contact:
Datawatch Investor
Relations
investor@datawatch.com
Phone: (978) 441-2200 ext. 8323
Media Contact:
Sarah
Bernardi
Datawatch Corporation
Sarah_Bernardi@datawatch.com
Phone: (978) 441-2200 ext. 8387
Twitter: @datawatch
© 2013 Datawatch Corporation. Datawatch and the Datawatch logos
are trademarks or registered trademarks of Datawatch Corporation in
the United States and/or other
countries. All other names are trademarks or registered trademarks
of their respective companies.
SOURCE Datawatch Corporation