From report cards to Yelp to your performance review at work, everyone loves getting a good review.
And when it comes to the crowded database market, external recognition from industry analysts firms helps customers know who to trust as their vendor of choice.
That’s why SingleStore was delighted to receive a recent acknowledgement from The Forrester Wave™: Translytical Data Platforms, Q4 2024. The report on Translytical Data Platforms recognized SingleStore as a Strong Performer. We believe we received recognition for our cutting-edge ability to unify transactional, operational and analytical workloads. The report identifies and evaluates the 15 most significant vendors in the translytical data platform market, helping organizations like yours identify the best solutions for their needs.
Don’t have time to read the full report? Here are our three main takeaways:
1. Translytical data platforms are the future of real-time business insights
As businesses strive to address modern demands like real-time data processing, extreme scalability and advanced AI-driven analytics, translytical platforms are emerging as the go-to solution. These platforms seamlessly integrate transactional, operational and analytical capabilities into a single engine, eliminating delays caused by disparate systems.
As a result, translytical platforms are becoming increasingly important in enabling organizations to achieve:
Real-time insights, which are critical for decision-making in fast-paced environments.
High-performance scalability to support large-scale workloads without compromising performance.
Integration with generative AI (gen AI) and ML to power next-gen use cases like advanced analytics and predictive modeling.
2. SingleStore: A strong performer with "a very compelling real-time platform"
To us, SingleStore continues to shine as a key player in the translytical data platform landscape. Recognized with the highest possible scores in the vision and real-time analytics criteria, at SingleStore we deliver:
Real-time ingestion and analytics that seamlessly combine transactional and analytical workloads
Cloud-native architecture that leverages advanced hardware and architectures for enhanced performance
Developer-friendly features like MySQL support and a familiar SQL syntax to streamline adoption for technical teams
The report notes that, "Reference customers appreciate SingleStore's strong concurrency management, operational ease, excellent technical support, all-in-one solution, MySQL compliance, self-service features, and SQL dialect that's suited for developers."
3. Key trends to watch in the translytical market
We found that Forrester’s analysis underscores several trends shaping the future of translytical platforms:
Automation and self-service. Vendors are investing in intelligent workload management and low-code solutions to empower users across the organization
Distributed data architectures. The ability to process and transact across hybrid and multi-cloud environments is becoming essential
AI and ML integration. Advanced AI-driven functionalities, such as vector search and large language model (LLM) support, are becoming must-haves
Organizations evaluating translytical platforms should prioritize solutions that align with their business goals and emerging use cases, like real-time customer insights, scalable microservices and fraud detection.
Should you choose SingleStore?
According to the Forrester report, "SingleStore is particularly well-suited for organizations seeking a unified platform that effectively handles transactional, operations, and analytical workloads while offering favorable price-to-performance ratio." With our ongoing enhancements in automation, security and GPU integration, SingleStore is well-positioned to meet the needs of modern businesses.
Explore the Forrester Wave™: Translytical Data Platforms, Q4 2024 and see if SingleStore can transform your data strategy for the future. You can also access your own copy of the report here.
