SWOT Analysis: InterSystems and IRIS

As a matter of full disclosure, note that I worked for InterSystems Corporation in the 1990s – TWICE! Since then, I’ve tracked them on and off, as an industry analyst, consultant, competitor, and Massachusetts resident. So, I like to think I know a thing or two about InterSystems and its current data and analytics (D&A) platform IRIS.

However, there’s a lot to know, and it’s hard to keep up with their many recent innovations, as I learned at InterSystems’ recent inaugural Analyst Day (July 17, 2024). So here are a few highlights: 

• Technology Strengths: InterSystems keeps up with emerging technologies and best practices. A strength that has enabled the long-term success of InterSystems Corporation is its ability to maintain and improve legacy database platforms and tools while simultaneously developing new ones. Over the past five years it has modernized, added support for open source, and unified the development and deployment experience.

• Weaknesses: Early in its history, InterSystems attained numerous end-user customers and application partners in both payor and provider segments of the healthcare industry. This explains the knee-jerk reaction of some IT professionals who assume that InterSystems is “healthcare only,” despite the fact that InterSystems diversified into multiple industries long ago.

For the deeper dive, click here for the full analysis.

Author: Philip Russom