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SOURCE Datawatch Corporation
CHELMSFORD, Mass., Nov. 4, 2013 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of visual data discovery solutions, announced today it was selected as the "2013 Best Big Data Technology Provider to the Buy Side" by Waters Technology in its annual awards competition. Datawatch was recognized for its recently acquired Panopticon visual data exploration technology.
Announced Friday, November 1, 2013 at The Waldorf Hilton, Aldwych in London, the awards recognize the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology underpinned by the input and experience of seven judges - five buy-side-focused technology consultants and two Buy-Side Technology editors.
Buy-side institutions are typically large financial firms like private equity funds, mutual funds, life insurance companies, unit trusts, hedge funds, and pension funds. Datawatch clients on the buy-side include Blackrock, the world's largest asset manager, Citadel, one of the largest hedge funds in the world, and J.P. Morgan. They use Datawatch visualization solutions to analyze real-time market activity and perform in depth analysis of historical trading and risk data.
Now part of the Datawatch Desktop and Datawatch Server offerings, this technology retrieves data directly from sources commonly used in buy-side institutions, including real-time data feeds, in-memory databases, relational databases, CEP engines, message buses and spreadsheets. The architecture eliminates the need for a middle layer, including data warehouses, data marts and proprietary databases that add costs and latency.
Most visualization tools are unable to cope with the "Three V's of Big Data" – volume, velocity and variety. However, Datawatch's technology handles:
"A quick, accurate understanding of what's happening is vital to success on the buy side in an age of Big Data," said Ben Plummer, chief marketing officer and senior vice president, Strategic Alliances for Datawatch. "It's gratifying to have an organization of Waters' reputation recognize the value of our technology and the unique capabilities it brings to the market," he added.
Datawatch visual data discovery solutions are currently in use by 95 major capital markets firms around the world. Real-time visualizations provide traders and portfolio managers with clear, up-to-the-minute understanding of investment performance. Users can see how a portfolio is performing and responding to market changes. Managers see details for all portfolios in a single view and can drill down to see details about underlying instruments, or up to view aggregated data across different metrics. They can also analyze portfolio relative contributions, screen out constituents that do not merit attention and get complete details on the ones that do.
Later this month, Datawatch and Waters Technology will host a webinar to further educate buy-side and sell-side firms on Big Data and how they can effectively create a Big Data roadmap. The webinar titled "Big Data" is scheduled for November 21 at 10 am EST. Click here to register.
ABOUT DATAWATCH CORPORATION
Datawatch Corporation (NASDAQ-CM: DWCH) provides visual data discovery software that optimizes any data – regardless of its variety, volume, or velocity – delivering next generation analytics to reveal valuable insights for improving business. Its unique ability to integrate structured, unstructured, and semi-structured sources like reports, PDF files and EDI streams with real-time streaming data into visually rich analytic applications allow users to dynamically discover key factors that impact any operational aspect of their business. This ability to perform visual discovery against any data sets Datawatch apart in the big data and visualization markets. Organizations of every size, worldwide use Datawatch, including 99 of the Fortune 100. Datawatch is headquartered in Chelmsford, Massachusetts with offices in New York, London, Munich, Stockholm, Singapore, Sydney and Manila, and with partners and customers in more than 100 countries worldwide. See the Whole Story for yourself by downloading the free trial at www.datawatch.com/trial.
Datawatch Investor Relations
Phone: (978) 441-2200 ext. 8323
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