IBM overhauls enterprise analytics service

IBM promises to cut the time needed to produce reports and results

IBM has released a new data analytics platform for enterprises, targeting areas such as financial analysis, risk management and data grid and records management.

The Smart Analytics System combines database analysis with other data sources, such as web pages and email archives.

IBM hopes that the new offering will increase the use of analytics tools by dramatically reducing the time needed to produce reports and results. A combination of software, hardware and hosted services means that the new package can return results to companies in a matter of days, according to IBM.

"Our clients are operating in a competitive environment," said IBM information management general manager Ambuj Goyal.

"With the Smart Analytics System, we are helping clients take advantage of analytics faster, more efficiently and at a lower cost, helping them achieve better business results and accelerate their return on investment."

IBM is also touting space and energy savings. The Smart Analytics System requires just half of the storage space of IBM's previous offering, while running at roughly three times the speed.