The Rise of NewSQL
For decades, relational databases was the de-facto choice for financial service companies, until the 2000s where systems started to face challenges with scalability and availability as the amount of data being processed and consumed shaped how companies conducted their business.
NoSQL databases emerged as a reaction to these challenges and while they certainly helped address the scalability, availability and flexibility shortcomings of RDMBS, NoSQL technology forced users to compromise on ACID, SQL and data integrity, which came with significant costs to financial services companies.
NewSQL came about as a solution to address this issue by offering the best of both worlds. NewSQL databases provide the same scalability, availability and performance of NoSQL, while maintaining the benefits of relational databases, like data integrity and SQL. This leaves NewSQL technology as the perfect choice for many use cases in financial services.
What You’ll Learn
In this presentation, we dig into this subject and explore how you can get the most out of available NewSQL technology. Topics covered include:
- NewSQL vs. NoSQL – How are they different?
- How to know if NewSQL is the right database for your business
- Use cases where NewSQL outperforms NoSQL solutions, including Fraud Prevention Systems, Portfolio/Risk Management, Personalization and Regulatory Compliance
- And more
John Kim, CFA; Head of Solutions Architecture – Financial Services, VoltDB