Progress Introduces MarkLogic FastTrack, Helping Organizations Harness the Power of Connected Data

Rhea-AI Summary

Progress has launched MarkLogic FastTrack, a UI toolkit for building data-driven applications to explore complex connected data stored in the MarkLogic platform. This React-based toolkit enables organizations to build applications up to 90% faster than starting from scratch, helping data users and decision-makers uncover unique insights through interactive interfaces.

Key features include:

• Customizable UI components
• Multi-model data visualization techniques
• Native integration with MarkLogic Server
• Advanced search and filtering capabilities
• Sample apps for quick development

MarkLogic FastTrack aims to accelerate business insights, enhance AI-driven applications, and shorten the data-to-insight lifecycle for organizations dealing with diverse and complex data.

Positive

• Enables building data-driven applications up to 90% faster than starting from scratch
• Helps uncover unique insights and relationships through interactive, user-friendly interfaces
• Accelerates business insights and enhances AI-driven applications
• Simplifies app development with native integration to MarkLogic Server, requiring no ETL or API design
• Includes customizable components and multi-model data visualization techniques

Negative

• None.

Tech Expert

MarkLogic FastTrack represents a significant leap forward in the realm of data-driven application development. By utilizing a UI toolkit built on the MarkLogic platform, Progress has streamlined the process of building sophisticated data and search-driven applications. This platform allows IT and data teams to develop applications up to 90% faster than starting from scratch. The integration with Progress KendoReact ensures high customization and flexibility, enabling organizations to tailor their applications to specific business needs. The toolkit's ability to handle multi-model data visualization, including geospatial and temporal data, empowers developers to create more intuitive and interactive user experiences.

From a technical standpoint, the absence of ETL or API design requirements significantly reduces the complexity of app development. This simplification can lead to faster deployment times and lower development costs, providing organizations with a competitive edge. The pre-built components and seamless data synchronization between the MarkLogic server and the UI toolkit further bolster development efficiency and data accessibility.

Financial Analyst

Progress (Nasdaq: PRGS) has introduced a product that could be quite impactful financially. The capability to accelerate data-driven application development by 90% translates into substantial cost savings for businesses. These savings can be redirected toward other investment opportunities, potentially driving growth and profitability. Furthermore, as companies increasingly rely on data to drive decision-making, tools that enhance data analysis and visualization will likely see strong demand. This demand could positively influence Progress's revenue streams and market share, making it an attractive stock for investors.

However, it is important to monitor how quickly businesses adopt this new toolkit. While the potential for cost savings and efficiency gains is significant, the actual financial impact will depend on the speed and scale of adoption. Additionally, competition in the data analytics and visualization space is fierce, so Progress must continue to innovate and market effectively to maintain its edge.

Market Research Analyst

The introduction of MarkLogic FastTrack comes at a important time when businesses are increasingly looking for ways to harness the power of connected data. This toolkit addresses a significant gap in the market by providing a comprehensive solution for visualizing complex and diverse data types. The ability to perform geo-temporal analysis and create visually rich interfaces can help organizations uncover deep insights and make more informed decisions. This is particularly valuable in industries such as finance, healthcare and logistics, where understanding data trends and relationships is critical.

From a market perspective, the emphasis on real-time data consolidation and monitoring aligns with current trends toward more dynamic and responsive business practices. Companies that leverage such technologies are better positioned to adapt to market changes and capitalize on emerging opportunities. The success of MarkLogic FastTrack will likely hinge on how well Progress can communicate these benefits and convince potential customers of the long-term value of their investment in this toolkit.

New UI toolkit enables customers to build data-driven applications up to 90% faster than starting from scratch

BURLINGTON, Mass., July 23, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the availability of Progress® MarkLogic® FastTrack™, a UI toolkit for building data- and search-driven applications to visually explore complex connected data stored in Progress® MarkLogic® platform. Applications built with MarkLogic FastTrack UI toolkit help data users, analysts and decision-makers uncover unique insights and relationships through interactive, user-friendly and visually rich interfaces.

While organizations add more diverse data types to provide context for business analytics, they struggle to gain deep insights as most business intelligence tools can visualize one aspect of data at a time, giving only a partial representation of what’s going on. Data and analytics leaders must bridge the gap between the analytics of today and the context-enriched analysis their industry demands.

With today’s release of MarkLogic FastTrack, Progress enables IT and data experts to better collaborate on providing workers and decision-makers across the organization with easy, visual access to the enterprise data they need to inform strategic business initiatives and answer sophisticated questions other analytics tools can’t, significantly shortening the time to insight. In addition, organizations can accelerate business insights and add depth to their AI-driven applications and systems by enhancing their ability to automate data analysis and interpretation, ultimately shortening their data-to-insight lifecycle.

“It’s no longer a matter of choice – organizations must tap into the power of unstructured data to manage, predict and prepare for the future,” said Stewart Bond, VP of Data Integration and Data Intelligence Software Research, IDC. “Data is distributed, diverse and dynamic -- constantly changing. Organizations that make consolidation and monitoring of data in real-time a high priority, and invest in enabling technology, have a greater opportunity for competitive advantage.”

MarkLogic FastTrack, a React UI toolkit leveraging Progress® KendoReact™ UI library, includes customizable components and multi-model data visualization techniques for building search-to-visualization applications. The ready-to-use components enable development teams to assemble the functionality mix they need to develop end-user applications up to 90% faster than starting from scratch. The native integration with MarkLogic Server significantly simplifies app development and data access with no ETL or API design required. Built-in synchronization of the data components allows developer teams to easily build interfaces that present relationships between geospatial, temporal and graph data in a single UI.

In addition to significant developer benefits, MarkLogic FastTrack helps data citizens and decision-makers more easily search, explore and analyze various dimensions of an enterprise’s proprietary information (private, public, OSINT and more) in an interactive, visually cohesive interface. They can combine and cluster data exploration techniques to navigate and understand large amounts of complex data and gain deep insights into underlying patterns and relationships for better decision making. For example, analysts can perform exploratory geo-temporal analysis to see how differences in data distribution mapped to a location change over time, such as with epidemiology.

Applications built with MarkLogic FastTrack can help trace back events, investigate and help prevent fraud or disaster, monitor critical information and physical inventory and more. MarkLogic FastTrack extends the MarkLogic platform proposition to provide agile, end-to-end data management by adding visual data exploration and advanced analytics and UI development capabilities, so customers have the tools to build high-end applications and connected user experiences.

Included in MarkLogic FastTrack:

• Customizable UI Components: High-performance and feature-rich React UI components to better meet business requirements with out-of-the-box functionality.
• Custom Search Facets and Dynamic Filters: Enable end-users to easily navigate and explore large data in detail.
• Visualization Techniques for Any Data: Geospatial map, timeline, network graph, charts and text components so users can discover various dimensions of their data to accelerate informed decision making.
• Data Access Layer: Simplifies app development and data access through pre-built integration with MarkLogic Server, with no ETL or API design required.
• Full-Text Search: Powered by the MarkLogic native search capabilities, delivers instant, relevant results sourced across all data stored in the MarkLogic database.
• Sample Apps: Easy-to-follow blueprint for quickly developing common scenarios.

“A composable, component-based approach to app building favors greater agility, improved developer productivity and faster time to insight, all of which are critical in today’s highly complex, fast-paced business environment,” said John Ainsworth, EVP & General Manager, Application and Data Platform, Progress. “With the launch of MarkLogic FastTrack, users can leverage one powerful tool to visualize data in context that will make a true impact on their business.”

MarkLogic FastTrack UI toolkit is available today. For more information, visit our website and What’s New page.

About Progress 
Progress (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible, AI-powered applications and experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at www.progress.com.

Progress, MarkLogic and MarkLogic FastTrack are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the US and other countries. Any other trademarks contained herein are the property of their respective owners. 

Press Contact: 
Kim Baker 
Progress 
+1-800-213-3407                                                        
pr@progress.com  

FAQ

What is MarkLogic FastTrack and when was it released by Progress (PRGS)?

MarkLogic FastTrack is a UI toolkit for building data-driven applications to explore complex connected data stored in the MarkLogic platform. It was released by Progress (PRGS) on July 23, 2024.

How much faster can applications be built using MarkLogic FastTrack compared to starting from scratch?

According to Progress (PRGS), applications can be built up to 90% faster using MarkLogic FastTrack compared to starting from scratch.

What are the key features of MarkLogic FastTrack announced by Progress (PRGS)?

Key features of MarkLogic FastTrack include customizable UI components, multi-model data visualization techniques, native integration with MarkLogic Server, advanced search and filtering capabilities, and sample apps for quick development.

How does MarkLogic FastTrack by Progress (PRGS) benefit data analysis and decision-making?

MarkLogic FastTrack enables data users and decision-makers to uncover unique insights through interactive interfaces, accelerate business insights, enhance AI-driven applications, and shorten the data-to-insight lifecycle for complex data analysis.