TimoCom Achieves 100x Faster Data Analysis with VectorWise

REDWOOD CITY, CA – Actian Corporation (formerly Ingres Corp.), today announced that TimoCom, the market leader in European freight exchange, selected the industry’s fastest data analytics engine, VectorWise, to provide intelligent control and analysis of its 300,000 daily international cargo space and freight offers from more than 85,000 users.

“Our database in its existing form had reached its limits,” says Ingo Klose, Manager Business Intelligence at TimoCom. “We switched to VectorWise because we need to manage an increasing amount of data for analysis and reporting. The new analytic capabilities not only provide us with more effective and deeper insight into customer behavior but also allow us to benefit from an enhanced ability to identify any irregularities and prevent theft.”

The company is using VectorWise to help monitor for criminal activity. In the transport and freight forwarding industry, criminal organisations try to gain illegal access to the hundreds of thousands of transport and freight offerings to find out when a product will be at a specific place in order to steal it. VectorWise allows TimoCom to analyse and detect irregularities on the platform at an early stage and have a comprehensive overview of suspicious activities at any time.

“Generally, we have already seen up to hundredfold of the inquiry speed in our initial tests,” explains Klose, “without having done any optimisation of the tables or inquiries. And the performance when using the solution on our existing virtualised systems was remarkably good.”

VectorWise is one of the most significant database technology innovations of the last 20 years and meets broad business demands to analyse the exploding volumes of data. Since it was launched in June 2010, VectorWise has successfully achieved performance increases in commercial deployments of 100x that of existing databases, by utilising the latent processing power in modern hardware.

“VectorWise has helped TimoCom spot suspicious activity faster than ever before, providing a more secure and reliable experience for its customers,” said Steve Shine, CEO of Actian. “In the very near future they will also be able to take automatic action as soon as irregularities are detected with Action Apps.”