Database Reference
In-Depth Information
TerraEchos uses Streams to provide covert sensor surveillance systems
that enable companies with sensitive facilities to detect intruders before they
even get near the buildings or other sensitive installations. They've been the
recipients of a number of awards for their technology (the Frost and Sullivan
Award for Innovative Product of the Year for their Fiber Optic Sensor System
Boarder Application, among others).
Financial Services Sector
The financial services sector (FSS) and its suboperations are a prime example
for which the analysis of streaming data can provide a competitive advantage
(as well as regulatory oversight, depending on your business). The ability to
analyze high volumes of trading and market data, at ultra-low latencies,
across multiple markets and countries simultaneously, offers companies the
microsecond reaction times that can make the difference between profit and
loss through arbitrage trading and book of business risk analysis. For example,
how does such a transaction occurring at this very moment add to the firm's
risk position?
Streams is also used by FSS companies for real-time trade monitoring and
fraud detection. For example, Algo Trading supports average throughput
rates of about 12.7 million option market messages per second on a few serv-
ers and generates trade recommendations for its customers with a latency of
50 microseconds.
Streams provides direct connectivity through the ubiquitous Financial
Information eXchange (FIX) gateways with a function-rich library to help calcu-
late theoretical Put and Call option values. Streams can even leverage multiple
types of inputs. For example, FSS firms can leverage social media to under-
stand customers better when offering new services. Similarly, real-time fraud
detection can also be used by credit card companies and retailers to deliver
fraud detection and multiparty fraud detection (as well as to identify real-
time up-sell or cross-sell opportunities).
Health and Life Sciences
Healthcare equipment is designed to produce diagnostic data at a rapid rate.
From electrocardiograms, to devices that measure temperature and blood
pressure, to blood oxygen sensors, and much more, medical diagnostic
