Panorama Business Intelligence

If you’re a regular reader of this blog, or follow the business intelligence industry and are interested in where the technology is headed, then you’re aware of how excited we are about Panorama Necto. The revolutionary BI 3.0 solution from Panorama Software will completely change the BI industry and how decisions are made.

Members of our organizations have discussed the new solution at conferences and trade shows around the world, while Panorama Necto has also been at the center of experts’ discussions of where BI is heading.

While that all got people talking about the technology and created plenty of buzz for Business Intelligence 3.0, we still wanted to share social BI with the world. So we packed up our suitcases and the Winnebago and hit the pavement for the Panorama Necto roadshow.

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Traditional business intelligence has been criticized as ineffective due to its clunky nature and reliance on IT and analysts. Luckily for companies looking to leverage their stored business data to make better decisions, the next-generation of business intelligence technology is none of these things.

Dubbed Business Intelligence 3.0, Forrester Research analyst James Kobielus recently hosted a webinar with Panorama Software to discuss the next generation of Business Intelligence solutions.

“IT is starting to turn into a bottleneck in the flow of intelligence. And users are getting frustrated because accessing necessary content is difficult, because it takes a while to discover new sources and import that information into your data warehouse,” Kobielus said during the webinar.

With BI 3.0, he said, the goal is to empower end-users, unlike traditional analytics models where business managers in need of data reports are fully reliant on the IT department. That’s because next-generation BI is built on three main tenets – Self-Service, Relevant and Social.

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The recent Microsoft Worldwide Partner Conference 2011, held in Los Angeles last week, was a huge event for us here at Panorama Software. In addition to celebrating and reaffirming our continued partnership with Microsoft, we hosted a session of our own and had the honor of presenting at two others (click here to view the presentation archive).

The conference gave us another chance to demonstrate the cutting edge of business intelligence technology – Panorama Necto – in the Microsoft Expo Hall Theater. The solution was front and center during our discussion session, where we outlined the benefits of social business intelligence and how it will factor into the future of making better decisions.

As guest speakers, we presented at two other sessions focused on how business intelligence can help small- and medium-sized businesses grow and the importance of a strong SQL Server offering for cloud-based business. At these events Panorama did what it does best – promote the benefits of business intelligence.

Discussions at the sessions ranged from how SMBs can leverage their business data to what’s in store next for Microsoft’s SQL Server and how it will affect the future of the cloud.

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After years of minor, incremental advances in how we perceive and use BI, we are now witnessing a resurgence in the way we utilize BI in organizations. This is often dubbed “BI 3.0″ – the new generation of BI solutions.

Initially, BI – or, more accurately, BI 1.0 – was about how to present data. As users, we were mainly focused on how to best store our ever-escalating amounts of data, and how to enable know-how specialists (aka BI analysts) to sift through it so they can provide management with valuable information for decision-making..

Utilization of computer tools for business users and managers alike proliferated in the years since. Managers were not content with receiving information weeks after the fact and wanted to know what happens in real time. For this reason, BI 2.0 was introduced. It brought us new tools such as Dashboards, KPIs and Scorecards, and moved us slightly away from looking at the actual data. It allowed us to give users just the information that is interesting to them, but only if it is predefined (aka hardcoded).

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Speaking with a multitude of esteemed colleagues at the recent Smart CIO 2011 conference, it quickly became clear that going social is the best way to create even smarter businesses during these uncertain economic times.

That was the focus of a discussion I had with fellow experts, among them Yechiel Gafner, the chief information officer of Clalit, the leading healthcare provider in Israel, and Shlomo Shamay, the CIO of top insurance provider the Phoenix, during the gathering. As we at Panorama Software firmly believe, social business intelligence is the best means of gathering insights from within an organization and making decisions based off various ideas.

Given our recent release of one of the most innovative social BI solutions on the market, Panorama Necto, it was easy to speak from experience on the benefits of opening an analytics platform to a wider range of employees. The system is unlike any other currently on the market. Building off three key principles – social, self-service and relevancy – Panorama Necto delivers an all-new experience for business intelligence users.

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Mobile has joined SaaS business intelligence and social business intelligence as the future of analytics technology. Given the rise of mobile devices, such as tablets and smartphones, decision-makers now want access to the same insightful data reports they regularly use on their desktop machines.

A recent Dashboard Insight report dug deeper into the popularity surrounding mobile business intelligence and revealed several trends within the sector that are driving greater adoption and use of the technology.

“Over the past several years solution providers have placed a lot of effort into developing interactive mobile applications that can be used by decision makers on the road,” Leslie Wise, the president and founder of consulting firm WiseAnalytics, wrote for Dashboard Insight. “Although it has been a slow road to broad adoption, mobile BI is finally starting to make inroads into the general business intelligence marketplace.”

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The High Tech Industry Association, an influential Israeli organization, recently invited top technology executives from across the world to participate in its HTIA 2011 Annual Conference in Jerusalem. I was grateful to be invited to share the stage among other top leaders and discuss Panorama’s approach to the future of the business intelligence field.

At the event, we were also treated to speeches and discussions with Israeli Prime Minister Benjamin Netanyahu, other government ministry heads and Jerusalem Mayor Nir Barkat, as well as many other technology leaders. When given my own opportunity to speak to those gathered, I focused on Panorama Software’s innovative new offering, Panorama Necto.

Panorama Necto is a revolutionary application that we believe will take social business software to the next level. Our new solution goes above and beyond the capabilities of anything that is currently on the market.
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A lot has been made of social business processes and applications this year. Companies are focusing on collaborative technologies to bring more employees together to complete projects more quickly and efficiently.

Social business intelligence has proven to be among the most popular of these solutions. The technology allows companies to pool ideas and thoughts from a wide range of employees. That, in turn, lends more value to business data as various perspectives are taken into consideration.

Still, some companies aren’t convinced about the benefits of social business technology and it’s return on investment, according to a recent ebizQ report. And that’s key for many as they continue to recover from the economic recession and try to stretch every dollar as far as they can. But, with a little research, skeptical companies may see that social business processes can help them do just that.

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Riding a motorcycle well and utilizing business intelligence effectively share several of the same requisite qualities and skills, according to a recent Smart Data Collective report.

Contributor Mark Bradbourne, a motorcycle enthusiast and BI user himself, highlighted the fact that both require training, the right tools and vision.

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Toronto, ON (May 11, 2011)- Panorama Software, a leading innovator in Business Intelligence, presents its newest product – Panorama Necto, the industry’s first socially-enabled BI solution. Necto connects users with data and insights in ways never before seen in an enterprise environment. It reflects the consumer world of Web 2.0 communications that is highly social, relevant, self-service, user-centirc, and able to flexibly evolve to meet demands.

Panorama is the first company to take the consumer model of social media to an enterprise, providing a new way to accomplish business tasks that embraces the broader social networking phenomenon. Necto combines the power of social networking with relevant results. It tracks the interests of individual users, and suggests other users who are looking for similar data insights.

“Necto truly is the next leap forward in enterprise BI, which harnesses the power of collective intelligence to accomplish business goals,” said Eynav Azarya, CEO of Panorama Software. “The solution utilizes the very best social networking components of consumer-facing Web 2.0 sites. Through Necto, individuals and teams can now tackle business issues proactively, as it presents only the most relevant insights.”

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