Tech firms SAP and SAS have announced their collaboration on a data analysis platform.
The companies will integrate SAS' analytics algorithms with SAP's HANA platform, they announced Tuesday. The resulting system will feature improved in-memory processing is designed to let companies to run queries on large data sources at high speeds, they said.
The two companies will offer the platform as a pilot program to select customers throughout 2014. The platform can be used to support risk management, customer intelligence, anti-money laundering and asset management, the two companies said.
"SAS and SAP can help companies manage the massive volumes of information they are constantly dealing with and make sense out of it," said Jim Goodnight, chief executive of SAS, in the news release. "Between our two companies, we have the expertise and the products to help ensure that our customers can see and act on the power of performing advanced data analysis within their database and not outside of it."