Big data analytics which together with artificial intelligence (AI) holds the promise of radically changing the world by making sense of the vast amounts of data that is being collected on daily basis around the world is about to radically change the picture in South Africa.
Moyo Business Advisory, a South African system architecture and analytics company, announced that it had teamed up with Israeli high-tech company SQream DB, bringing their technology to South Africa to service their growing list of blue chip companies including most of the country’s major banks and many JSE-listed companies.
The partnership with Moyo comes hot on the heels of a major deal between SQream and Chinese e-commerce behemoth Alibaba who has invested in the company.
The Alibaba holding in SQream will help to open mainland China to the Israeli company’s disruptive technology of using Graphics Processing Units (GPUs) with thousands of cores instead of more traditional CPU processors enabling companies to analyse up to 20 times more data, up to 100 times faster, at as little as 10% of the cost.
The alliance with the South African company will provide SQream with a valuable footprint in Africa which is exponentially increasing the amounts of data being produced by the likes of its financial services sector as well as in mining, industry and the scientific community (among them the Square Kilometre Array (SKA) that will be producing Petabytes of data).
“Our partnership with SQream will have far-reaching consequences for both the scientific and business communities who rely on the rapid processing and analysis of very large datasets,” said Dewald Lindeque, Business Development Director at Moyo Business Advisory.
“We look forward to leveraging SQream to better meet our clients’ big data needs in their pursuit of faster analytics and more actionable business intelligence.”
“We are pleased to partner with a firm as reputable and prestigious as Moyo,” said Ilan Ackerman, VP Sales APAC and Africa for SQream.
“Together, Moyo and SQream will revolutionise the analytics space in Africa, dramatically enabling Moyo’s customers in a variety of industries to access and analyse data from exponentially growing massive data stores to gain near real-time analytical queries to become more agile and competitive.”
SQream DB harnesses the power of thousands of parallel processing cores in GPUs, allowing users to easily ingest, store and analyse tens to hundreds of terabytes of data and more with significantly reduced infrastructure and manpower resources. The result is unparalleled power and flexibility to explore and analyse massive amounts of data.