How did HEXstream come to be? And where does the name come from?
My team and I have been working with data for over 20 years now. Our primary focus has been digital transformation of our clients’ business using data as single version of truth. Prior to forming HEXstream, we all noticed that a lot of our customers struggled to extract actionable insights from their enterprise data. Simple operational reporting is often all that is done in the name of business intelligence. Although the trend is changing and business intelligence is growing more complex, most organizations still struggle to incorporate valuable just-in-time data into their decision making.
With the advent of Big Data, companies started parallel initiatives for data lakes and real time analytics, which segregates the data unnecessarily between traditional and advanced analytics. HEXstream believes in a “One Data” philosophy in which inefficient data silos are eliminated to provide a single view of all enterprise data. As data transforms during its lifecycle in an organization, it can be leveraged in different ways to provide organizations with a variety of insights. Data begins in its dynamic form while it is being generated, at which point it can be tapped for a real-time view before it becomes settled when it is stored in a data lake. This is where it joins with data from other sources and provides the opportunity for data exploration and mining. From a data lake, the data moves to optimized storage like data warehouses for persistent and repeatable analysis. We help our customers achieve the most value from their data at each and every step in its lifecycle without creating unnecessary overhead and inefficient silos.
We decided to name our company based on the most stable geometric shape in nature, the hexagon. Historically, the hexagon is a symbol of harmony and balance. The second part of the name, ‘stream,’ represents the flow of data in real time.
It is impressive the amount of combined expertise HEXstream offers in the field of data. Could you give our readers a little more detail on some of your key team members and thought leaders and their areas of expertise?
We started this company with one goal in mind: build cutting edge, stable, and scalable analytics solutions for our clients that can grow and evolve to meet their needs. For this, we needed the highest-quality people who are at the top of their game and understand the business and technology equally well. One of our thought leaders, Will Hutchinson, is the author of a book on best practices for implementing analytics. Another one, Anshoom Jain, is a well-known leader in the industry for business process re-engineering and is a contributor to the Project Management Institute’s standards for project and portfolio management. Our head of delivery, Karthik Mada, is an advisor to the Oracle Utility Analytics platform and has a team of developers sitting in Oracle’s office helping in enhancing the analytics platform for Oracle. HEXstream is actually the only licensed co-developer of Oracle Utilities Analytics right now. Our thought leaders speak at various technology conferences on regular basis. They are supported by a large pool of technical and functional resources both onshore and offshore. I believe we have one of the strongest teams in the industry.
Can you expand a little for our readers about some of those resources and a) how they make HEXstream stand out among competitors or b) how those technical resources improve customer experience among HEXstream clients?
We have over 1300 consultants, about 1000 of them onshore. We have seasoned consultants with years of experience in all analytics related technologies, including data ingestion, data cleansing, storage, and data visualization. Our ability to develop solutions on-premise as well as in cloud provides our customers the flexibility to choose the platform best suited for their needs. Our large resource pool allows us to staff engagements of any size quickly and easily.
HEXstream recently announced a new solution for real-time SAP and non-SAP integration that will be a huge win for small and medium sized businesses, as well as for non-profit and public-sector firms. Are you able to share with our readers any additional details about this exciting offering that is on the horizon?
We are very excited about our Harmonia solution. At the moment, there is a chronic lack of integration of SAP HANA data with data from other ERP sources due to the high cost and low efficiency existing offerings. For larger businesses, SAP HANA integration is an expensive and clunky necessity used to tackle only the highest-priority business problems, with second-tier issues and exploratory data analysis often falling by the wayside due to the arduous manual process of integrating the data. Organizations with smaller budgets, such as non-profits and public entities, are missing out on SAP HANA integration entirely.
Harmonia not only bridges that gap, but it also provides real-time data streaming between SAP and non-SAP systems to enable just-in-time analysis. It is a far more accessible offering with respect to time and money spent than what’s out there currently, and it is implemented alongside customers’ existing architecture so that it doesn’t disturb their other data operations. The solution provides a real-time analytic hub on-premise, in the cloud, or hybrid, integrating live streams from multiple sources to provide a single view of enterprise data. Data can be persisted in a data lake or a data warehouse for any future analytic needs.
When organizations are unable to integrate data from all their existing sources, they tend to make suboptimal decisions, which result in lost time and money. Harmonia empowers HEXstream customers to improve the speed, cost, and quality of decision making, and in the process, reduces risk, improves competitive posture, and transforms the organization into one that is truly data driven.