Big data is constantly touted as a huge boost for companies' bottom lines -- but a big caveat to that is first turning around tons of unstructured data into concrete information that can actually be deciphered and analyzed.
Oracle's latest solution tackling that situation comes through its PeopleSoft human capital management (HCM) applications unit, which usually goes head-to-head with the likes of Workday and now SAP-owned SuccessFactors.
Intended to improve that decision making process to elevate revenues while also aiding project performance, the PeopleSoft In-Memory Project Discovery is supposed to solve business challenges requiring review of unstructured data.
The PeopleSoft In-Memory Project Discovery is set up to translate unstructured data (stored in text fields and files) into structured data, then enabling users to be able to analyze keywords, structured data and unstructured data in Oracle’s PeopleSoft Services Automation suite.
Users can search and filter on keywords relating to projects and resources, refine filters, display results graphically, among other actions, in other PeopleSoft apps for project and resource management.
As the latest Oracle-made in memory app, the solution runs on Oracle's Exalytics in-memory machine and Oracle Endeca Information Discovery enterprise data platform. It should also be noted that Oracle in-memory applications, including today's release, can only run on Oracle hardware systems.
The Redwood Shores, Calif.-headquartered corporation also promised that HCM is going to be put in the spotlight at OpenWorld 2013 coming up soon in San Francisco.
The annual hardware and software expo runs from September 23 through September 26 at the tech conference epicenter, Moscone Center.
For a closer look at Oracle's PeopleSoft in-memory project discovery, check out the promo video below:
Screenshots via Oracle