HELSINKI, May 20, 2014 /PRNewswire/ --
Gartner, the global research and advisory company, has named RELEX as one of four companies included in its 2014 Cool Vendors list for its use of in-memory computing technologies. RELEX is the only one in the report operating in the supply chain planning domain.
According to Gartner's report 'Cool Vendors in In-Memory Computing Technologies, 2014' (11 April 2014): "In-memory computing (IMC) technology is increasingly emerging as a key enabler for the digital business by empowering the agility, Web-scale processing and fast decision making needed to respond to the business challenges of the digital era."
In-memory computing holds all data and performs all calculations within the computer's active (RAM) memory and avoids the need for data to cycle between RAM and hard disk storage. The technique allows far greater quantities of data to be processed and at far higher speeds thus opening up the reality of analysing vast data flows in real time.
RELEX has tapped into the power of in-memory computing through its proprietary technology that includes a database specially created for supply chain applications, which improves performance over 100 times compared to traditional alternatives. This is vital to handle complex calculations involving thousands of product lines and hundreds of stores and depots and the millions of variables that result.
"We're delighted to have been chosen as a 'Cool Vendor 2014' by Gartner for in-memory computing," says RELEX MD Mikko Kärkkäinen. "In-memory technology is a vital part of our systems and underpins everything else we do."
"Being able to get immediate results from vast flows of data allows for rapid implementation because with every change you make you see the results instantly. Likewise it makes it easy for our clients to make changes post-implementation. Changes can be done very simply through the UI because they know straight away if the change was what they wanted. And they can make almost every change they want independently of us," Kärkkäinen adds.
Gartner's report recommends that buyers "mitigate the risk of adopting IMC technology from small players by using their products on projects that can pay themselves off in three to four years."
Kärkkäinen believes that companies will be pleased with what RELEX can offer. "With RELEX payback times are typically three to four months, not years as is often the case! That should tell most potential clients much of what they need to know."
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
RELEX is Europe's fastest growing provider of supply chain solutions to retailers, distributors and manufacturers.
RELEX clients in 13 European countries have become more efficient and more profitable through our pioneering demand forecasting, inventory optimisation and actionable analytics.
Clients have seen spoilage cut by 40%, inventory typically reduced by 30% and on-shelf availability routinely boosted to 98%+, saving tens of millions of pounds and improving their sales, profits and customer satisfaction.
RELEX's solution is built on a columnar database enabling in-memory calculation, improving performance over 100 times and permitting instant results to be drawn from big data flows. Our groundbreaking technology makes implementations quick, gives our clients almost complete independence to adjust and reconfigure our systems and produces rapid results. Gartner named RELEX as a 'Cool Vendor in In-Memory Computing Technologies, 2014'.
Founded in 2005 by a group of leading logistics scientists from Helsinki University of Technology, RELEX is fast becoming established as the first choice of retailers and manufacturers across Northern Europe. RELEX has been included in Deloitte's prestigious Fast 500 (EMEA) list of the fastest growing tech companies three years in a row. The company employs over 75 people at its offices in London, Stockholm, Wiesbaden and at its Helsinki headquarters.
More information: http://www.relexsolutions.co.uk
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