Based on its recent analysis of the Internet of Things (IoT) analytics market, Frost & Sullivan recognizes Cisco® ParStream® with the 2016 Global Frost & Sullivan Award for Customer Value Leadership. Cisco ParStream empowers clients to realize the full potential of the IoT with its groundbreaking analytics platform that enables real-time edge analytics and massively parallel processing (MPP). This MPP architecture supports petabytes of data and facilitates subsecond response times, giving it a significant competitive edge.
Cisco ParStream’s proprietary database and geo-distributed analytics (GDA) servers help it resolve the challenges in IoT analytics through edge analytics. Unlike traditional analytics, which streams all data to a central server for analysis, edge analytics brings intelligence close to the data source and presents efficient and faster means of data transfer, query, and analysis. Additionally, its GDA, which can be spread over 1,000 locations, offers a smaller footprint and reduces the cost of ownership.
Cisco ParStream’s analytics platform can handle more than 10 billion rows of data and stream 1 million rows per second, and is able to achieve up to 30 times faster query response times than its peers. This enables customers to efficiently deal with data growth, obtain real-time insights with minimal latency, and, ultimately, streamline operations, reduce costs, and achieve business goals.
“Cisco ParStream’s acquisition by Cisco has increased the former’s brand equity manifold,” said Frost & Sullivan Research Analyst Prem Shanmugam. “Cisco has effectively integrated the acquired products and solutions into its data analytics and automation portfolio. This allows Cisco ParStream to boast a comprehensive offering in terms of hardware (edge, fog, and cloud) and software products.”
Cisco ParStream adopts Cisco’s partner-driven structure to provide optimal solutions and customer service. Cisco’s brand power, IoT expertise and infrastructure endow Cisco ParStream with tremendous growth potential. Cisco’s customer base can open new markets for Cisco ParStream, facilitating its introduction of new application areas for Cisco.
Cisco ParStream has successfully served more than a dozen highly reputed customers across the renewable energy, manufacturing, telecommunication, and semiconductor industries. Following its acquisition by Cisco, the company’s focus has intensified on the lucrative Industrial IoT market and IoT applications in the emerging smart cities market.
“The combination of Cisco’s strong infrastructure and investment and Cisco ParStream’s superior IoT analytics technology has helped the latter plug the gaps in the IoT industry,” noted Shanmugam. “It has been especially successful in supporting high-speed data streaming, rapid query processing and analysis, and large processing capabilities.”
Cisco has shown strong commitment to enhancing its IoT capabilities both organically and through acquisitions. Its leadership motivates the team to develop more cutting-edge technology that generates greater value for customers, firmly placing the company on a path to exponential market growth and technology leadership.
Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company’s inordinate focus on enhancing the value that its customers receive — beyond simply good customer service — resulting in improved customer retention and, ultimately, customer base expansion.
Frost & Sullivan’s Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research.
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