IBM's new real-time data analysis software

IBM said the new software, named IBM System S, will be available from Friday following six years of development.

The software is designed to analyse streams of real-time data and could help financial institutions monitor transactions and analyse risks, or help hospitals monitor patients to detect problems early, the company said.

Nagui Halim, head of IBM’s stream computing project, said the software can be used for “anything that has a situation where vast amounts of data are available at real-time.”
 The System S is due to be unveiled at IBM’s annual event for analysts later on Wednesday.