In-memory computing in finance In-memory computing has the ability to transform business IT; enabling companies to crunch and analyze large volumes of data in near real-time. It involves storing data in the main random access memory (RAM) of specialized servers instead of storing data in complex relational databases running on relatively slow disk drives. In-memory computing in finance empowers banks, retailers, and other financial institutions to analyze huge volumes of data on the fly and detect patterns quickly.
In the old days, organizations used to produce plans for the future and then report on a quarterly basis about how they were performing against that budget or plan. Today…