SAP Sybase IQ is an analytic database management system designed for advanced analytics, data warehousing, and business intelligence environments. It can handle massive volumes of structured and unstructured data. Key features include its column-based storage which provides faster performance than row-based databases, massively parallel processing capabilities, and the ability to integrate results from Hadoop frameworks and execute R libraries and predictive models within the database. These features allow Sybase IQ to meet the growing needs of analyzing large and diverse datasets, commonly referred to as big data.