The new family of Xeon E7 v3 processors from Intel is designed for the growing number of companies looking to extract business-critical insights from massive amounts of data, the company said during the product launch on Tuesday. Intel claimed its latest Xeon processors, which deliver a 40 percent average improvement over the previous generation, have broken 20 world speed and performance records.
The new processors are aimed at organizations adopting in-memory computing to analyze big data for business intelligence, the company said. At least half of all large companies are expected to begin using in-memory computing -- which allows data to be processed faster by keeping it in a server's RAM -- by 2018, according to a recent report from the analyst firm Gartner Inc.
With up to 18 cores, the new family of Xeon processors includes 12 different models, including two high-frequency models for certain database applications requiring extra-fast cores. Currently, 17 system manufacturers, including Cisco, Dell, HP, Lenovo and Oracle, have plans for platforms based on the new processors.
An Emerging $9.5 Billion Market
As computer memory prices have dropped -- and demand for big-data analytics has grown -- more and more organizations have begun adopting in-memory computing for high-speed data processing. Compared to traditional business intelligence software, in-memory computing is making it possible for users to analyze large amounts of data quickly for real-time decision-making. Gartner has estimated that the market for in-memory computing will grow beyond $9.5 billion by the end of 2018.
"In the digital services economy, success or failure can depend on how quickly businesses act on insight from vast stores of data," said Diane Bryant, Senior Vice President and General Manager of the Data Center Group at Intel. By enabling faster analytics in real time, the new family of Xeon E7 v3 processors will help companies develop "more personalized products and services, generate new revenue streams and enhance operational efficiency," she said.
Intel's new processors range in price from $1,224 to $7,175 and are available in quantities of 1,000.
Barriers to Adoption Remain
"(C)ustomers face many hurdles in fully harnessing the capabilities of advanced analytics," Lisa Spelman, Director of Product Marketing for Intel's Datacenter Group, said on the company's Data Stack blog. "Common struggles include trust, speed, and scale. . . . It's worth noting that just 27 percent of executives say their big data projects are successful, and 65 percent cite determining value as their biggest barrier to adoption."
Among the companies that have started using Intel's Xeon processors (E7 v2 model) is Nippon Paint, a large Asian paint supplier with 57 factories and operations in 15 regions.
"Actionable data that used to take days and weeks to analyze and report on is now available in near real time," said Justin Chen, the company's CIO. He added the company is currently testing the new line of Xeon E7 v3 processors to "further accelerate data-driven customer insight."