Next-Generation OLTP Use Cases
Telecommunications Operations Support & Billing Support Systems
Telecommunications Service Providers (Telcos) manage billions of customers, devices, and dollars on a daily basis. In order to be competitive, telcos need fast and reliable access to their data. They use real-time access to provide software for major carriers that support critical services for operations support systems (OSS) and billing support systems (BSS). OSS & BSS transactions rely on in-event data collection, analysis, and updates; such as checking and adjusting a customer’s credit balance in real-time. As carriers continue to evolve, they create new services and revenue streams, while continuously improving their services and reducing costs. One of the ways they do this is by moving to Network Function Virtualization (NFV) and Software Defined Networks (SDN).
High Frequency Financial Trading
Traders need to react instantly to news and market fluctuations. Delaying a trade by a mere millisecond can lead to losses of millions, the time it takes for a human to make a transaction is simply not acceptable. Processing events instantly with machine learning logic also provides the trader with a additional advantage to make informed trades. To comply with regulations it is essential for financial services firm to a fully ACID OLTP database.
IoT / Smart Grid
The Smart Grid relies on millions of smart meters and sensors deployed in the field at various energy consuming locations such as homes, commercial buildings, factories, etc to consume, analyze, predict, and act on energy consumption data in real-time. This data is used to take intelligent decisions on: routing energy more accurately based on demand, locating service disruptions, avoiding grid failures by providing on-time predictive maintenance, and even turning off in-home appliances remotely to avoid blackouts.