Nov 06, 2012 -- YarcData, a Cray (NASDAQ: CRAY) company dedicated to providing "Big Data" graph-analytic solutions to enterprise customers, today announced it was awarded a contract to deliver a uRiKA graph-analytics appliance to the Oak Ridge National Laboratory (ORNL). Analysts at ORNL will use the uRiKA system as they conduct research in healthcare fraud and analytics for a leading healthcare payer.
In addition to the healthcare fraud detection program, researchers and scientists at ORNL will also apply the capabilities of the uRiKA graph-analytics appliance to other areas of research where data discovery is vital. These potential use cases include healthcare treatment efficacy and outcome analysis, analyzing drugs and side effects, and the analysis of proteins and gene pathways.
"Identifying healthcare fraud and abuse is challenging due to the volume of data, the various types of data, as well as the velocity at which new data is created. YarcData's uRiKA appliance is uniquely suited to take on these challenges, and we are excited to see the results that will come from the strategic analysis of some very large and complex data sets," said Jeff Nichols, Associate Laboratory Director for Computing and Computational Sciences at Oak Ridge National Laboratory.
"Finding patterns of fraud and abuse in the healthcare industry is a significant challenge, but it is also a problem that the uRiKA graph-analytics appliance is designed to address because of its unique ability to discover unknown or hidden relationships and patterns in large volumes of data," said Arvind Parthasarathi, president of YarcData. "While the types of problems that the Oak Ridge user community is working to solve are extremely dynamic and come with massive amounts of unstructured data, our graph analytics solution will be a valuable resource for connecting the dots."
About the uRiKA Graph-Analytics Appliance
YarcData's uRiKA system is a Big Data appliance for graph analytics that enables enterprises to discover unknown relationships in Big Data. The uRiKA system is a highly scalable, real-time platform that supports ad hoc queries, pattern-based searches, inferencing and deduction. Singularly focused on graph analytics, uRiKA augments existing analytical environments by delivering new high-value discoveries and insights that drive competitive advantage.
About the Oak Ridge National Laboratory (ORNL)
Oak Ridge National Laboratory is managed by UT-Battelle for the Department of Energy. The Energy Department's largest science and energy laboratory, ORNL has a mission of providing solutions to America's greatest scientific challenges.
YarcData, a Cray company, delivers business-focused real-time graph analytics for enterprises to gain business insight by discovering unknown relationships in Big Data. Early adopters include the Canadian government, Institute for Systems Biology, Mayo Clinic, Noblis, Sandia National Laboratories, and the United States government. YarcData is based in the San Francisco bay area and more information is at www.yarcdata.com.
About Cray Inc.
As a global leader in supercomputing, Cray provides highly advanced supercomputers and world-class services and support to government, industry and academia. Cray technology is designed to enable scientists and engineers to achieve remarkable breakthroughs by accelerating performance, improving efficiency and extending the capabilities of their most demanding applications. Cray's Adaptive Supercomputing vision is focused on delivering innovative next-generation products that integrate diverse processing technologies into a unified architecture, allowing customers to surpass today's limitations and meeting the market's continued demand for realized performance. Go to www.cray.com for more information.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including, but not limited to, statements related to Cray's ability to deliver the system required by ORNL when required and that meets ORNL's needs. These statements involve current expectations, forecasts of future events and other statements that are not historical facts. Inaccurate assumptions and known and unknown risks and uncertainties can affect the accuracy of forward-looking statements and cause actual results to differ materially from those anticipated by these forward-looking statements. Factors that could affect actual future events or results include, but are not limited to, the risk that the system required by ORNL is not delivered in a timely fashion or does not perform as expected and such other risks as identified in the Company's quarterly report on Form 10-Q for the quarter ended June 30, 2012, and from time to time in other reports filed by Cray with the U.S. Securities and Exchange Commission. You should not rely unduly on these forward-looking statements, which apply only as of the date of this release. Cray undertakes no duty to publicly announce or report revisions to these statements as new information becomes available that may change the Company's expectations.
Cray is a registered trademark of Cray Inc. in the United States and other countries, and YarcData and uRiKA are trademarks of Cray Inc. Other product and service names mentioned herein are the trademarks of their respective owners.