Hyosung turns to OuterBay to manage Oracle apps
With Korea-based industrial conglomerate Hyosung's adoption of its LiveArchive product, Campbell, Calif.-based OuterBay has widely extended the global reach of its application data management software. Hyosung, with $4 billion in annual sales, will use LiveArchive to manage data growth across six Oracle E-Business Suite modules, officials said.
According to Maureen Kelly, OuterBay's director of marketing, Hyosung felt the need for a strategy to improve performance, introduce less-expensive storage classes and contain storage costs after the data in its Oracle application began to grow. With more than 100 customers that include some of the largest Oracle implementations in the world, OuterBay builds software that can address the problem of unmanaged data growth, Kelly said. "Typically, 80% of the data in a database is inactive," she noted.
Based on its experience with other customers, OuterBay engineers will work with their Hyosung counterparts to set up data retention policies. OuterBay can provide best practices around how much data to keep in an accounts receivable system vs. accounts payable, for instance, or how much data to keep in production, Kelly said.
Hyosung expects a 30% improvement in performance out of the gate using LiveArchive, she added.
Hyosung's adoption of LiveArchive reflects a global trend toward information life-cycle management. "Companies are realizing that with all of the audits and compliance regulations that they need a strategy to keep data around in an accessible format for a longer term," Kelly explained. LiveArchive can provide the ability to store three to seven years' worth of data, she said.
OuterBay provides another product, Encapsulated Archive, to store seven year's or more worth of data. Encapsulated Archive wrappers all of the transaction information, Kelly said, converts it to XML and stores it in XML. This way it becomes application and storage device independent.
Kelly sums up OuterBay's software products as "the right data on the right device for the right stage of the data's life cycle."
Lana Gates is a freelance writer based in Mesa, Arizona. She can be reached via e-mail at firstname.lastname@example.org.