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New BI Suite Hits the Market|
- By CXOtoday Staff, May 15, 2008 1236 hrs IST
- Tags : New BI Suite Hits the Market
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Elegant MicroWeb has launched ElegantJ BI, a complete integrated Corporate Performance Management and Business Intelligence suite. It is based on J2EE architecture right now and is currently working on JSS interface.
Brijesh Singha, Manager- BI Practice, informs, "Today the challenge for any organization arises from increasing customer focus and demands, growing market competition fueled by globalization and technology impacts. Besides, with optimizing business operations and facing challenges in unifying growing data volumes across geographies, need for more timely business decisions becomes imperative." He also emphasized the need for business performance visibility and accountability
He claims that the product is one third in terms of TCO, license, maintenance and implementation costs vis- a -vis competition.
The product caters to most verticals and business functions wherein it has specific templates for different industries and business functions. In addition, the tool is flexible to define any vertical specific KPI, scorecards, analysis and dashboards.
According to Singha the USP of the product is that it supports strategic planning and goal definitions, tracks progress towards goals using matrices, aligns employee goals and improves accountability and facilitates improvement initiatives to address performance gaps as well.
On its plans for the Indian market, he says, "We are planning to grow in India through partnerships in different regions. We are aiming to grow through strategy and management consultants, SI partners as well as OEM partnership with Enterprise application vendors."
As per the research done by the company, the BI market is estimated to increase by 50 percent by 2010.
Related Links:
Tapping BI for Better Healthcare
Updated BI Tool on the Cards
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Discussion Board
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by Arun Chearie on May 15, 2008 11:43 PMBusiness Intelligence in true sense is a capability that empowers various stakeholders to be able to make timely informed decisions. To be able to make the aforesaid 'informed decisions', it is pivotal that (A) Users accesses every possible data without too much of effort (i.e., data pertaining to various business requirements) (B) The data get cleansed in the background before consumption to avoid any misinterpretations (C) Statistically analyzed to be able to see probable future in addition to history (D) Perform a thorough what-if analysis E) Then surface such information in various forms such a KPI driven dashboards, multi-dimensions drillable reports/Pivots or static reports depending on the user profile who consumes it. IMHO, technology is incidental and any solution that does not follow this directly or indirectly, is essentially a Business (History) Reporting tool and does not provide any intelligence to enterprises to make right decisions.
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Re:
by Brijesh Singha on May 17, 2008 03:43 PM
This "critirea" list can be further extended by adding F) Seamless integration of the BI suite with core systems such that the analytical/forecasting modules are accessible directly from within existing systems, including transposition of the user's data access rights.
