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The database market has suddenly become box office gold. Once there were four major database vendors, but now there are over 400. By the end of 2017, a quarter of all enterprises will have one of these new fangled graph databases, according to Forrester Research.
A graph database was one of the stars of the recent Panama Papers news blockbuster. Emil Eifrem’s graph database startup Neo Technology, which mimics the sophisticated associations made by the human brain, became an overnight sensation. It took 15 years, but he got there in the end. Now Neo Technology has released version three of its system Neo4j.
The last version helped journalists to plough through 1.5 terabytes of data spread across 11 million documents and expose all kinds of offshore tax and legal evasions in the Mossack Fonseca scandal. Neo4j's role was to help create a new type of multidimensional intelligent database that works on so many more levels than the antiquated two dimensional ‘relational’ model.
It was the links between all the various records that the graph database exposed – such as the common connections between tax avoiders and the vehicles they used – that enabled investigators to reveal how, for example, Iceland’s Prime Minister owns an offshore investment company with multimillion-pound claims on Iceland’s failed banks.
Exposing the hidden links between properties could create massive advances in medicine, the drugs industry and all the various branches of science and manufacturing. Not to mention the money markets and fraud investigations.
But Neo Technology needs third parties to speed up the process of discovery in all these markets.
The new improved incarnation of Neo4J (version 3.0) has more developer friendly options and drivers for the most popular programming languages. So it’s easier for more channel partners to get involved and the scope of what they can do has been widened dramatically, claims Neo Technology’s products VP Philip Rathle.
Until now study sizes were limited to tens of billions of records, says Rathle, but Neo4J is pushing into hundreds of billions of records. “This release takes them there and beyond,” says Rathle.
Partners are wanted who can target verticals characterised by large-scale applications including real-time retail recommendations, on-the-fly fraud prevention and Internet of Things applications. Started by Swedes but based in California, the vendor is in London looking for partners in its start up programme.