The new software, named IBM System S, is designed to analyze streams of real-time data
IBM Corp is set to begin selling a long-awaited software aimed at helping companies analyze real-time data, ranging from traffic data to manufacturing processes, to find more efficient ways to run their business. IBM, which has shifted its focus from computers to higher-margin software and services over the past decade, said the new software, named IBM System S, will be available from Friday following six years of development.
The software is designed to analyze streams of real-time data and could help financial institutions monitor transactions and analyze risks, or help hospitals monitor patients to detect problems early, the company said. It could also help chipmakers, for example, monitor the entire manufacturing process, which often involves 500-1,000 steps. IBM said the software could pinpoint errors to solve them before they multiply or lead to serious losses.
Source: The Economic Times
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