Neo4j announced a major
transformation of its Aura cloud database management system (DBMS) portfolio -
making it dramatically easier for enterprises to try, build, and accelerate
graph in production for any workload or use case. The announcement comes amid
rising growth and demand for Neo4j's cloud offering, driven by the critical
role of graph databases in GenAI and advanced analytics applications and
accelerated by GraphRAG.
"By 2025, graph technologies will be used in
80% of data and analytics innovations - up from 10% in 2021 - facilitating
rapid decision-making across the enterprise," predicts Gartner.
Gartner on GraphRAG technology also notes in its Hype Cycle report, "RAG techniques in an enterprise
context suffer from problems related to the veracity and completeness of
responses caused by limitations in the accuracy of retrieval, contextual
understanding, and response coherence. KGs (Knowledge Graphs), a well-established
technology, can represent data held within documents and the metadata relating
to the documents. Combining both aspects allows RAG applications to retrieve
text based on the similarity to the question and contextual representation of
the query and corpus, improving response accuracy."
Neo4j's announcement, made on the eve of its GraphSummit enterprise conference in New York, reinforces
the company's market position as the leading native graph database. It offers
the most comprehensive and performant graph offering with vector search and
search capabilities, the largest library of 65+ graph algorithms, deployment
flexibility in any cloud or environment, and unrivaled community
support.
Capabilities are available now and include:
- New Aura console with GenAI
co-pilot as a unifying hub to easily administer, manage,
ingest, model, and visualize data efficiently across all of Neo4j's
offerings and tools. Administrators and developers can also interact with
these tools in natural language, eliminating the need for Cypher query
language expertise.
- New
no/low-code interactive dashboard builder NeoDash that easily creates maps, graphs, bar and line charts,
tables, and other visuals for anyone to understand, analyze, and interact.
While developers have used NeoDash as
part of Neo4j Labs, it is now a fully supported offering for
enterprises.
- New
self-serve offering, Neo4j AuraDB Business Critical, at a 20%+ lower price
point than Neo4j's traditional AuraDB Enterprise offering and designed for highly available workloads requiring
advanced security. The new tier follows on the heels of Neo4j's explosive
cloud growth and growing demand for an easy-to-access enterprise offering.
Customers requiring dedicated environments, such as those in highly
regulated industries, can continue to use AuraDB Enterprise, now renamed
AuraDB Virtual Dedicated Cloud. Neo4j will also make its AuraDB
Professional tier available as a free trial for use cases in production.
- 15x scale
improvement in real-time read capacity. Neo4j
can now process 15X more real-time data within each cluster without
compromising on latency or performance. The result enables uninterrupted
processing of data-intensive analytics workloads even as customer data
volumes increase.
- Advanced
enterprise control, audit, and compliance capabilities that include Customer Managed Encryption Keys that the
customer owns, controls, and uses to encrypt and protect their data; and Security Log Forwarding enabling customers to stream and audit
security logs in real-time. Neo4j achieved SOC 2 Type 2 and HIPAA compliance earlier this year, with additional
certifications here.