Intel on Wednesday unveiled its new line of Xeon processors capable of real-time processing of big data analytics solutions, which are increasingly changing how enterprises do business worldwide.
The next-generation Xeon processor E7 v3 product family helps customers securely process and analyze massive data sets in system memory for faster decision-making and improved operational efficiency, giving companies a competitive edge, Intel said in a statement.
According to the California-based chip maker, the new Xeon family comes in 12 different processor models that are priced from $1,224 to $7,175 in quantities of 1,000 units.
The new processor line "delivers up to 10x greater performance per dollar" and provides up to an 85-percent lower total cost of ownership over comparable systems, the company added.
A total of 17 manufacturers will also begin to roll out new products based on the processors, including Cisco, Dell, Fujitsu, HP, Huawei, Lenovo, NEC, Quanta, SGI, Supermicro and ZTE.
"In the digital services economy, success or failure can depend on how quickly businesses act on insight from vast stores of data," Diane Bryant, senior vice president and general manager of Intel's Data Center Group, said in a statement.
"The Intel Xeon processor E7 v3 family is the engine for accelerating business intelligence through real-time analytics, enabling businesses to improve customer satisfaction through more personalized products and services, generate new revenue streams and enhance operational efficiency," Bryant added.
Patrick Moorhead, chief analyst for Moor Insights & Strategy, said that the latest Xeon processors are "closing the gap" with those made by IBM and Oracle for scale-up systems.
"The big difference comes in performance per dollar, where Intel-based systems from HP, Dell or Lenovo could perform better by 5-10x versus an IBM Power-based system," Moorhead said.
According to a report from IT research firm Gartner, the in-demand computing market is expected to exceed $9.5 billion in revenue by 2018, and that half of large organizations worldwide will have adapted to in-memory computing to enable digital business strategies.