With HTAP, planning and execution come together for faster insights
April 6, 2017
By Duncan Angove, Infor president
In 2014 Gartner coined the term HTAP for hybrid transaction and analytical processing—systems that combine online transactional processing (OLTP) with online analytical processing (OLAP). These multi-workload data bases grabbed the attention of business and industry and their popularity keeps growing. It’s a versatile platform that uses machine learning and other smart applications to deliver actionable insights more quickly than ever before.
Older processes necessitate moving data from operational systems to analytical systems, which can take several hours. Because HTAP uses consolidated data, the process now takes a fraction of that time—and yields higher returns, especially for multi-faceted organizations that need immediate and usable access to their data.
As Internet-of-Things (IoT) technologies gather more data than ever, HTAP optimizes and enriches that data. HTAP enables new capabilities such as machine learning, real-time operational reporting and dashboarding, and reactive systems. This is already proving useful in manufacturing, where production is monitored by sensors and industrial processes are being streamlined.
In retail, HTAP is poised to set a new standard, as it allows for transactional execution applications, like merchandising, planning, and forecasting, to be seamlessly connected to one system, creating a better user experience. Retailers collect a ton of data, and with HTAP, they’ll be able to better leverage that information to optimize their operational efficiency.
Think about the impact of stock-outs, for instance. When a fulfillment center runs out of a product, orders need to be fulfilled from an alternate location. Then the alternative location experiences unanticipated demand. A vicious cycle of stock-outs can ensue, with suboptimal delivery costs that create a whiplash effect throughout the supply network. But with the ability to track shipments in real-time and analyze the impact of fulfillment issues, retailers can make informed decisions quickly enough to deliver a positive customer experience without sacrificing profits.
As for memory which used to be prohibitively expensive, recent cost reductions means that HTAP solutions are increasingly more affordable. Retail, as well as other industries, should be actively looking to upgrade to HTAP—no organization wants to be the last to upgrade, especially when the stakes and opportunities are so high.
I’ve talked about how we’re in the age of connected intelligence—HTAP drives the next level of connectivity, the next level of intelligence. Many of our industry solutions, including GT Nexus and Infor Demand Management, are already built on HTAP because we understand how powerful the technology is for our customers—providing access to information that’s timelier, more relevant, and highly valuable.