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GreyCat: Efficient what-if analytics for data in motion at scale
Over the last few years, data analytics shifted from adescriptive era, confined to the explanation of past events, to the emergence of predictive techniques. Nonetheless, existing predictive techniques still fail to effectively explore alternative futures, which continuously diverge from current sit...
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Published in: | Information systems (Oxford) 2019-07, Vol.83, p.101-117 |
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Main Authors: | , , , , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that this one cites Items that cite this one |
Online Access: | Get full text |
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Summary: | Over the last few years, data analytics shifted from adescriptive era, confined to the explanation of past events, to the emergence of predictive techniques. Nonetheless, existing predictive techniques still fail to effectively explore alternative futures, which continuously diverge from current situations when exploring the effects of what-if decisions. Enabling prescriptive analytics therefore calls for the design of scalable systems that can cope with the complexity and the diversity of underlying data models. In this article, we address this challenge by combining graphs and time series within a scalable storage system that can organize a massive amount of unstructured and continuously changing data into multi-dimensional data models, called Many-Worlds Graphs. We demonstrate that our open source implementation, GreyCat, can efficiently fork and update thousands of parallel worlds composed of millions of timestamped nodes, such as what-if exploration.
•Existing analytics fail to effectively explore the effects of what-if decisions.•We combine graphs and time series into multi-dimensional models (Many-Worlds Graphs).•These are able to update thousands of parallel worlds composed of millions of nodes.•We benchmark our Many-Worlds Graph open source implementation, called GreyCat. |
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ISSN: | 0306-4379 1873-6076 |
DOI: | 10.1016/j.is.2019.03.004 |