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Do You Have the Data to Improve Decision-Making? Our Customers Do

Aug 21, 2023 | By Scott Gnau, Vice President, Data Platforms

Data Driven Decision Making, Financial Services

It’s hard out there.

In financial services, firms are grappling with challenges spanning market volatility, compliance, risk management, and more.

Supply chain organisations must manage increased uncertainty and intense disruptions as they vie for real-time visibility.

Healthcare organisations, meanwhile, face barriers to innovation that impede the journey to more desirable patient outcomes and enterprise efficiencies.

These issues consistently rank among our customers’ top concerns. That’s why our team at InterSystems empowers organisations to leverage data technology to turn these challenges into new opportunities. When customers speak, we listen. And so does the world.

Thanks to our customers, InterSystems has been named in “North America Customers’ Choice” in the Gartner® Peer Insights™ Voice of the Customer for Cloud Database Management Systems (May 2023).

In the recent year, InterSystems has consistently achieved an average rating of 4.6 stars out of 5 in customer reviews. But what does this recognition mean for customers and the business problems they’re working to solve?

Data Drives Informed Decision-Making

To understand how our technology enables financial services, supply chain, and healthcare organisations to reach their goals, let’s take a look under the hood.

InterSystems IRIS  is a complete data platform that provides a high-performance, multimodel, multi-workload cloud database management solution, along with smart data services, interoperability, and analytics capabilities. It’s optimised to handle high ingest rates of incoming data while executing analytics, earning us the top score for high-speed, high-volume data processing in the survey.

“Experience next-level performance and interoperability,” one customer told Gartner.

And InterSystems IRISⓇ does it without the need for multiple technologies. That means streamlined process, less code complexity, and higher returns on investment.

Informed decision-making requires a real-time view into things like consumer expectations, patterns in financial transactions, and complex supply chains.

“IRIS: See clearly through data chaos,”another customer said.

How InterSystems Customers Leverage Data Technology in the Real World

Data-driven decision-making creates stronger organisations that are ready for whatever comes next.

To get a better sense of the real-world benefits our customers unlock, let’s walk through a few examples.

  1. One of the world’s largest investment banks — with 50,000 employees and more than $1 trillion in assets under management — migrated its main equity trade management application to InterSystems IRIS. As a result, the bank increased throughput by three to five times, improved performance by 10 times, and lowered operating costs by 75 percent. All those benefits came without a single performance or reliability issue.

  2. PALTAC Corporation — Japan’s biggest wholesaler of cosmetics, daily necessities, and over-the-counter medications — moves 50,000 items from 1,000 manufacturers to 400 retailers, who run 50,000 stores. When PALTAC’s growth coincided with labour shortages, the company leveraged InterSystems IRIS  to build an in-store support application, launching a digital transformation designed to boost revenues and efficiencies.

  3. Leumit Health Services, a health maintenance organisation, needed to connect payer and provider information systems to enhance access to care and patient experiences. The organisation tapped InterSystems IRISⓇ  and its HL7 FHIR-based data sharing capabilities to improve eligibility determination. The technology supported the launch of convenient check-in kiosks that enable patients to get the care they need.

Derive One Truth from Disparate Data

The right cloud database management system can clear the road ahead of the challenges that stand between your organisation and optimal decision-making.

As we believe, it’s the best way to get where you need to go.

Learn how you can achieve a  real-time view of your organisation’s data with InterSystems IRIS  today.

Gartner and Peer Insights are trademarks of Gartner, Inc. and/or its affiliates. All rights reserved. Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

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