Panorama Business Intelligence

Plenty of innovations have been introduced to the business intelligence market in recent years, but none, perhaps, have had an impact as great as social business intelligence. Playing off the benefits of collaboration, social BI adds value to reporting on company information by pooling thoughts and ideas from across an organization.

Traditionally, business intelligence has been a complex technology, and only a select few employees within a company possessed the necessary knowledge to use a platform. However, the introduction of social business intelligence has changed all that.

Though even now, social BI has been taken to another level with the introduction of Panorama Necto from BI solutions provider Panorama Software. The new solution takes the social aspect of collaborative analytics farther than any other product on the market.

Panorama Necto goes above and beyond anything else available in the market today by offering greater relevancy in BI reporting.

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Toronto, ON (April 12, 2011) – Panorama Software, a global leader in proactive Business Intelligence (BI) solutions, introduces the concept of true relevancy of data and insights through its innovative patent-pending Necto™ BI solution. A revolutionary new way to connect data, analytic insights, and individuals across a company, Panorama Necto is the world’s first socially-enabled BI platform that provides individually tailored relevant results for every user.

Panorama Necto enables relevancy in BI by using powerful algorithms that identify noteworthy data points specific to individual user tastes. In the analytics environment, this relevancy generation is automated, providing significant efficiency gains for users who do not have the time or expertise to manually perform deep data analytics.

Greater relevancy promotes a better understanding of business goals and improved collaboration between peer groups. A company’s collection of corporate intelligence can grow exponentially with Necto as workers embrace a socially driven way of managing relevant data.
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As enterprise financial leaders continue to steer their organizations out of the worst of the economic recession, many will be determined to focus on means to foster growth within the business this year, according to a recent Business Finance report. For many, that will mean taking a closer look at business intelligence.

Many companies have already begun prioritizing business intelligence platforms for higher investment, but, in speaking with Business Finance, expert Tom Willman said they will take the process one step further to focus on the data used for analytics.
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The good news for the business intelligence market is that spending on the technology is expected to be way up this year and next, according to the Forrester Research Forrsights Software Spending survey. However, more maturity is needed for companies to get the most out of their business intelligence platforms.

According to Forrester’s report, 49 percent of respondents said they plan to spend more on BI adoption and expansion during the next 24 months. But Forrester warns that more spending doesn’t necessarily equal successful implementations.
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