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Shawn McAllister, CTOSolace, a Canada-based firm, addresses this need by providing state-of-the-art message-oriented middleware that routes information between applications, devices, and users across both cloud and on-premises environments. The company’s unified platform enables real-time data sharing between legacy systems and modern applications running in the cloud. “Today, most messaging platforms run on fragmented architectures, whereas we provide an easily manageable messaging backbone that connects diverse IoT devices, on-premises applications, and cloud applications,” begins Shawn McAllister, CTO, Solace.
Solace’s platform, called PubSub+, lets companies distribute event-driven data between these diverse constituents using standardized protocols and open source APIs so customers can always use the best technology for each interaction and avoid getting locked-in to any technology. Another thing that makes Solace’s offering unique is that PubSub+ is available as software you can run in diverse cloud and on-premises environments, as a fully managed service that offloads all aspects of operations, and as an appliance that meets extreme messaging needs in a compact, turnkey piece of hardware.“One of the key aspects of our portfolio is that we solve the diverse connectivity problem with a single technology,” adds McAllister.
One of the biggest challenges companies face as they migrate to the cloud is ensuring security and regulatory compliance. To help with this, PubSub+ supports sophisticated authentication, authorization, and encryption features to ensure the security of client applications and information.
One of the key aspects of our portfolio is that we solve the diverse application, user and device connectivity problem with a single technology
Solace also helps ensure that companies are complying with increasingly strict regulations related to the management and movement of information by letting them see and store data about specific applications and even individual messages.
Bearing testament to Solace’s agile, robust, and efficient solutions is the success story of a capital markets client that needed to perform an end of the day risk and portfolio evaluation. Previously, the client would move all data to the cloud at the end of the trading day, perform calculations, and then provide the results. However, they couldn’t get all that done in an efficient manner and turned to Solace’s software. The client connected Solace PubSub+ to their public cloud and now continuously streams all of the data throughout the trading day so at the close of business they can run the application and deliver the outcomes immediately. “Our solution enabled them to fully utilize the elasticity provided by the cloud to present results much more quickly, which helps them manage risk across their business,” says McAllister.
Furthermore, Solace is constantly upgrading its offerings to provide effective solutions such as micro gateways that offer better connectivity to applications and more. They are also working closely with partners like Pivotal, SAP, and top clouds like Google Cloud Platform, Microsoft Azure, and Amazon AWS to make it easier for customers to connect them all within a single messaging fabric. “Our mission is to deliver simple, reliable, and governable high-performance solutions that will make it easier for enterprises to carry out application development in even the most complex hybrid cloud scenarios,” concludes McAllister.
Latest Global Research Shows Event-Driven Architecture Delivers Exponential ROI with Increasing Adoption
Tuesday, April 25, 2023
Survey through leading market research firm finds enterprises in financial services, manufacturing and retail sectors see ROI ramp up as they embrace EDA across the organization
OTTAWA - Solace, announced the release of the IDC Infobrief, sponsored by Solace, Getting in Sync: Unlocking the Exponential Business Value of Real-Time Event-Driven Data Flows.* The Infobrief is based on the results of a survey of over 300 enterprise IT professionals in North America, Asia and Europe, all of whom work for companies with over 1,000 employees that are implementing or considering EDA.
The survey revealed that as enterprises gain experience in their early applications of EDA, they recognize other areas of their business in which EDA could be beneficial. This is reflected by the fact that 82% said their company plans to apply EDA to 2-3 new use cases within the next 24 months, and 93% of companies that have deployed EDA across multiple use cases said EDA has met or exceeded their expectations.
"It's been clear for several years that event-driven architecture has become the de facto standard way businesses are becoming real-time, and the results of this survey confirm that," said Mychelle Mollot, chief marketing officer at Solace. "The survey results show how the market has evolved since a survey we conducted in 2021, and sheds light on the increasing ROI enterprises see as they advance toward enterprise-wide EDA."
The survey found that in addition to technical advantages from EDA, most businesses also see clear business benefits: 23% of respondents reported increasing productivity, 22% said better customer acquisition, and 18% saw revenues increase as a result of their EDA efforts.
"EDA maturity is linked to general digital maturity, as those with higher levels of EDA maturity generally exhibit the strategic and change management support needed to sustain digital business initiatives," said Shari Lava, research director, automation within the AI and automation group, IDC. "In fact, organizations with higher levels of EDA maturity were more likely to report being ahead of their peers in developing digital business models than those in early stages."
Expanding the footprint of EDA across the enterprise is a journey, and the survey also revealed that as benefits evolve over time, so do the challenges faced. For organizations just getting started with EDA, the most common challenges are lack of understanding of EDA benefits and inconsistent buy-in between business and IT. As organizations progress and internal support increases, the most common concerns are keeping costs in check and finding the right use cases. Finally, companies further along run into change resistance as EDA affects an increasing number of processes across lines of business and partners.
To learn more, download the full IDC Infobrief here. In addition, sign up for the 2023 EDA Summit taking place Wednesday May 10, and hear firsthand from IDC Research Director Shari Lava, author of the Infobrief, who will introduce and explain the results of the survey in more detail.
The results of this survey are comparative to the findings from a 2021 study, also sponsored by Solace, which was the first ever focused specifically on EDA. The 2021 study concluded that although the majority of respondents recognized the critical business value in embracing EDA, adoption was still 'early days' and required more support from business leadership in order to move forward.
* Source: IDC InfoBrief, sponsored by Solace, Getting in Sync: Unlocking the Exponential Business Value of Real-Time Event-Driven Data Flows, Doc# CA50489623BRO, April 2023
Survey Methodology
IDC conducted a web survey, commissioned by Solace, of 316 IT professionals who indicated familiarity with EDA, in December 2022. The respondents all work at organizations with 1,000 or more employees, across a variety of industries. In total, 24% of respondents were based in the U.S. and Canada; 40% in Europe (France, Germany and the UK); and 36% in the Asia Pacific region (Australia, Japan, Hong Kong, New Zealand, Singapore). The results have a margin of error of +/- 5.6% at a 95% confidence interval.
Company
Solace
Management
Shawn McAllister, CTO
Description
Solace develops hardware and software message routers that move real-time information between distributed applications, devices, and users across various networks
