Samsung Securities picks big data analytics from SAS, Platform Computing to manage risk
The Premier Business Leadership Series, SINGAPORE (23. Aug. 2011) – Korean businesses like Samsung Securities are wielding big analytics to lower risk and increase performance speed during critical periods. They're doing it with SAS, the leader in business analytics software and services, and Platform Computing, the leader in cluster, grid and cloud management software.
By applying SAS® Grid Manager to its SAS for Enterprise Risk Management system, Samsung Securities expects to increase overall risk calculation throughput by 30 percent while also improving the accuracy of the analysis. Part of the SAS High-Performance Computing portfolio, SAS Grid Manager provides a central point for administering policies, programs and prioritization to achieve business goals across multiple users and groups under a given set of constraints.
Utilizing a standardized platform that combines industry-leading grid and workflow management software from Platform Computing with the power of SAS Business Analytics, SAS Grid Computing lets users scale business processes and accelerate decisions for greater competitive advantage. It automates management and optimization of application processing in a grid computing environment. Customers can use industry-standard hardware to deliver superior utilization, availability and flexibility.
"In today's volatile financial market, making powerful, accurate and fast decisions is critical in minimizing risk. SAS High Performance Computing, including SAS Grid Manager, enables our customers to get answers to existing problems faster, allowing them to make ground-breaking, mission-critical decisions that will dramatically change their business," said Sam Cho, SAS Korea Country Manager.
“Powered by leading grid and cluster management solutions from Platform Computing, SAS Grid Manager enables powerful and timely analysis within enterprise analytic environments for critical business decisions across numerous sectors,” said Tripp Purvis, Vice President of Business Development at Platform Computing. “Extending our longstanding North American partnership into Asia Pacific will help customers across Asia make better decisions by leveraging their data in a flexible, highly available environment.”
Today's announcement came at The Premier Business Leadership Series event in Singapore, a thought-leadership conference presented by SAS that brings together more than 600 senior-level attendees from the public and private sectors to share ideas on critical business issues.
About Platform Computing
Platform Computing is the leader in cluster, grid and cloud management software ― serving more than 2,000 of the world's most demanding organizations. For 19 years, our workload and resource management solutions have delivered IT responsiveness and lower costs for enterprise and HPC applications. Platform has strategic relationships with Cray, Dell, Fujitsu, HP, IBM, Intel, Microsoft, Red Hat, and SAS. Visit www.platform.com.
SAS Institute er verdens største privateide IT-selskap med over 11 000 ansatte og 50 000 kunder i 114 land. SAS er verdensledende leverandør av Business Analytics løsninger. Løsninger fra SAS brukes til å utvikle mer lønnsomme relasjoner med kunder og leverandører, til å skaffe bedre og mer korrekt grunnlag for å ta riktige beslutninger, og til å drive en virksomhet fremover. SAS er den eneste leverandøren som fullt og helt integrerer datavarehus, analyse og løsninger for Business Analytics, slik at du får ny og overordnet kunnskap ut av din virksomhets data.
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The Grid Manager plug-in allows you to monitor and manage grid jobs, hosts and queues.