Posted On: December 16, 2013
An Inside Look At JD Edwards In-Memory Computing
JD Edwards In-Memory Computing is precisely the sort of technological innovation that organizations must take advantage of if they hope to stay ahead of the curve.
In today’s global economy, businesses that are able to leverage available technology to maximize their speed and agility are businesses that thrive. Oracle’s JD Edwards EnterpriseOne In-Memory Applications on Oracle Engineered Systems accelerate the activities that drive business agility and lower IT costs.
So, what is in-memory computing?
The easiest way to understand the advantages of in-memory computing might be to think of computing in terms of pizza. Say for dinner tomorrow you decide you’d like to have a pepperoni pizza. You could go out and buy the ingredients to make the pizza, bring them home, prepare them, bake them in the oven for 20 minutes, prepare the table, and voila! Pizza. That’s traditional computing. The ingredients are your data, the store is your disk drive, and your kitchen is the Random Access Memory, where the information gets processed.
Now, imagine for a minute, if instead of needing to go to the store to get your ingredients, they were always stocked and stored in your kitchen. Not just the ingredients you need for a pepperoni pizza, but the ingredients for any pizza you might ever have a craving for. How much faster and easier would it be for you to have that pizza?
The difference between traditional computing and in-memory computing works much in the same way.
Computing has always generally consisted of taking information off of relational databases operating on disk drives and working on it within the random access memory (RAM) which is much smaller but much faster.
However, due to the recent (and continuing) drop in the cost of powerful processing power, it has become increasingly affordable to keep all of your information directly in the RAM, making everything move along at a significantly quicker and more robust pace – not unlike having all your pizza ingredients directly in your kitchen at all times, ready to go.
Why would I want it for my business?
For years, transactional systems have been producing vast amounts of extremely useful data, but turning that data into useful analysis has traditionally taken extra time and separate system processing. Furthermore, while processing power has exponentially increased over that same time frame, it has never been properly leveraged to analyze all that useful data being generated…until now.
In-memory computing opens the door to all kinds of remarkable performance benefits. For example, it drastically improves search response times by providing the ability to always cache countless amounts of data (yes, this is exactly how Google has been doing it for years). Faster search response time leads to critical information getting to the hands of those who need it faster, which leads to better decisions being made more often, which ultimately leads to a better business, period.
So, why is this important for JD Edwards users?
Last April, Oracle added two exciting new in-memory applications for JD Edwards EnterpriseOne applications: In-Memory Sales Advisor and In-Memory Project Portfolio Management.
Designed to run on Oracle’s Engineered Systems (Exadata and Exalogic), the in-memory applications run up to twenty times faster than on commodity hardware by taking advantage of the systems’ dynamic RAM, flash memories, and the near zero latency Inifiniband network fabric.
In order to get a better understanding of just how effective these new in-memory applications can be, let’s take a closer look at how they might be used:
JD Edwards In-Memory Sales Advisor:
All companies want higher revenues. One of the keys to higher revenues, of course, is customer service representatives’ (CSRs) ability to maximize sales. The speed and ease with which CSRs can locate quantity discounts, up-sell opportunities, and inventory availability deeply and directly affects their ability to drive revenues. When these processes are slow, CSRs can miss out on valuable communication with customers, leading to a decrease in sales and an increase in cost of captures.
With JD Edwards In-Memory Sales Advisor these issues can be virtually eliminated overnight. For example, thanks to in-memory’s ability to process huge amounts of data much quicker, during sales order entry, the CSR can easily be provided with real-time product suggestions, thus enabling significant up-selling and cross-selling. Since the vast amounts of data can be compiled, summarized, and displayed for the CSRs in near real-time, they are able to avoid error prone, manual processes that can often require a call back, rather than a close.
JD Edwards In-Memory Project Portfolio Management:
Good business managers are only as good as the decisions they make. Good decisions are only as good as the information they are made with. Without access to the most up-to-date and important information, even the best business managers are left crippled.
With JD Edwards In-Memory Project Portfolio Management, business managers are provided with unprecedented, real-time insight into the budgets, actuals, forecasts, open commitments, invoices, and cash received across all projects, thus allowing them to not only make sure projects are on time and budget, but that they are profitable.
The bottom line is that with these new JD Edwards EnterpriseOne In-Memory applications, JDE users can drastically improve decision making, speed, and, ultimately, profitability.
Old ERPs aren’t funny… Or are they? Find out here. »
Mobile Spy Reviews has a very much good and mostly they are only positive. For this we have to work hard. But the result is apparently worth the effort.