Tidemark Partners with Cloudera to Empower Business People With Enterprise Performance Management Applications For Big Data
Industry's First Enterprise Performance Management Platform Built for the Cloud Leverages Cloudera's Distribution Including Apache Hadoop (CDH)
Enterprises can now leverage applications built to process massive datasets in real-time to make better decisions
Tidemark, whose Enterprise Performance Management (EPM) Platform is built for the cloud, and Cloudera Inc., the leading provider of Apache Hadoop-based data management software and services, today announced that Tidemark has joined the Cloudera Connect Partner Program to deliver the industry's first complete EPM application platform built on Apache Hadoop. As a result, enterprises can now empower business people across the organization to make timely decisions based on massive application datasets. The Tidemark Enterprise Performance Management Platform is powered by Cloudera's Distribution including Apache Hadoop (CDH) to give customers a single source to deploy, manage and scale a comprehensive Apache Hadoop-based stack and to extract immediate value with purpose-built applications.
Aimed at manufacturing, consumer products, retail and high tech firms, the Tidemark Enterprise Performance Management Platform delivers real-time, robust risk-adjusted metrics management; strategic, financial and operational planning and forecasting; and profitability modeling. Today's EPM applications hinder organizations from being able to harness the larger and more varied data sources in the modern enterprise due to their legacy, database-centric architecture, which results in analytics that are delivered too late to be of actionable value. By providing purpose-built EPM applications with rich pre-built functionality on top of the leading open source big data software platform, the Tidemark Enterprise Performance Management Platform enables organizations to extract immediate value for decision-making from large amounts of complex, dynamic data at a lower total cost of ownership (TCO) than proprietary solutions.
Tidemark applications are designed and optimized to work in large scale-out computing environments where application logic is brought to the data on hundreds of virtualized nodes. This offering brings simplicity and power to enable more organizations empower their business people to spot business trends and make forecast adjustments, conduct risk modeling and understand customer lifetime value. Enabling the actionable, process-driven analysis of large amounts of data gives customers the power to derive greater and faster insights that lead to a tangible business advantage.
"Many companies today are recognizing the inherent value in analyzing the vast amount of structured and unstructured data currently being stored across their organization. Apache Hadoop enables companies to perform complex analyses, including detailed special-purpose computation across large collections of mixed data. However, the lack of purpose-built end-user solutions to exploit this information, as well as requirements for highly specialized knowledge, has been a barrier to adoption," said R "Ray" Wang, principal analyst and CEO at Constellation Research, Inc. "Providing complete end-to-end performance management applications that extract value from Apache Hadoop deployments will be key to significantly speeding its adoption within mainstream enterprise environments."
The Tidemark Enterprise Performance Management Platform is built on Cloudera's Distribution including Apache Hadoop (CDH). Currently in early availability, the Tidemark solution is designed to offer customers EPM applications that are distinguished by:
- Variety: Support for the full spectrum of data enterprises are looking to extract analytic value from, including structured, tabular data, streams, XML and unstructured data such as video and audio without predefining the schema in advance.
- Velocity: The ability to ingest data, change its structure and repurpose it at rapid pace without all the legacy hassles of database table restructuring.
- Volume: The possibility to extract value from petabyte scale data sources in a fraction of time and cost of legacy databases.
- Value: Running on a multi-tenant, highly available, cost efficient infrastructure that customers can fully deploy in less than 30 days.
The Tidemark solution also leverages other key components of CDH such as ZooKeeper for distributed coordination, Flume for log analytics, and HBase for distributed object storage.
"Our EPM applications are the first to be purpose-built for working on Big Data. Through our partnership with Cloudera, companies can now take advantage of performance management applications built on top of the leading distribution of Apache Hadoop and escape the legacy constraints of analytic applications built on proprietary, rigid, cube and relational technologies," said Christian Gheorghe, founder and CEO, Tidemark. "Organizations can solve key business management challenges for the first time by analyzing the full spectrum of structured and unstructured data available to them at data volumes previously unimaginable."
"Our partnership with Tidemark is a natural fit as we continue to expand the footprint of Apache Hadoop across mainstream commercial environments. Enterprises can now quickly and easily deploy rich EPM applications on Apache Hadoop optimized for production level environments and aimed at an entirely new category of business users," said Mike Olson, CEO, Cloudera. "We've seen huge traction in adoption of Hadoop in the enterprise. Applications built to leverage Hadoop and deliver actionable performance information to business decision makers will increase the time to value multiple times over. We are excited that Tidemark is investing to meet this demand and we're thrilled to welcome them to the Cloudera Connect Partner Program."
Tidemark is a Redwood City-based startup funded by Greylock Partners, Andreessen Horowitz, and Dave Duffield and founded by veterans of the business analytics industry. Tidemark offers a set of next-generation enterprise performance management applications on an unified application platform built for the cloud. Leading Fortune 1000 companies are selecting Tidemark as their new standard enterprise performance management platform. To learn more about Tidemark, please visit www.tidemark.com.
Cloudera, the leader in Apache Hadoop-based software and services, enables data driven enterprises to easily derive business value from all their structured and unstructured data. Cloudera's Distribution including Apache Hadoop (CDH), available to download for free at www.cloudera.com/downloads, is the most comprehensive, tested, stable and widely deployed distribution of Hadoop in commercial and non-commercial environments. For the fastest path to reliably using this completely open source technology in production for Big Data analytics and answering previously un-addressable big questions, organizations can subscribe to Cloudera Enterprise, comprised of Cloudera Support and a portfolio of software including Cloudera Management Suite. Cloudera also offers consulting services, training and certification on Apache technologies. As the top contributor to the Apache open source community and with tens of thousands of nodes under management across customers in financial services, government, telecommunications, media, web, advertising, retail, energy, bioinformatics, pharma/healthcare, university research, oil and gas and gaming, Cloudera's depth of experience and commitment to sharing expertise are unrivaled. www.cloudera.com