This white paper focuses on the Open Memory Interface (OMI) and how it addresses the needs of near memory. Innovations in memory infrastructure are poised to significantly improve the performance and cost effectiveness of mainstream data center applications. Business applications are under significant pressure to collect, analyze, store and deliver time-sensitive value to end customers while simultaneously driving down costs. These applications are drawing upon large quantities of global data sources — sensor data, historical data, location data, and customer-specific data — all of which must be scrutinized in real time. Memory infrastructure innovation is occurring along two vectors: near memory innovations and far memory innovations. Near memory innovation improves business application performance by driving up the number of SoC and CPU memory channels, and improving the bandwidth of those individual memory channels while enabling innovative and lower cost memory technologies to be connected seamlessly to the SoC.