Tag Archives: bi

History of Business Intelligence

According to the article History of Business Intelligence. The term Business Intelligence was used for the first time in 1865. Richard Miller Devens mentioned it in his book Cyclopedia of Commercial and Business Anecdotes. In the book he describes the success of Sir Henry Furnese, a banker that had information of the market and political issues before his competitors did. “Throughout Holland, Flanders, France, and Germany, he maintained a complete and perfect train of business intelligence,” Devens writes of Furnese. “The news…was thus received first by him.” The idea of Business Intelligence was gathering information for business purposes.

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Dark Data. What is all the fuss about?

If you are familiar with data or business intelligence, which I’m guessing you are, you’ve probably followed the evolution of data. Today we have Smart Data helping us improve our business practices and make better decisions, but let’s not forget the guy nobody invited to the party but showed up nonetheless: Dark Data. Enterprises have been collecting, if not hoarding, data for years. Who can blame them? We all have a little Mr. FOMO inside of us (Fear of Missing Out).

90% of data is dark

90% of data is dark

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Panorama Software Announces Support for Microsoft SQL Server 2014

TORONTO, CANADA – May 13, 2014 – Panorama Software today announced it has integrated support for Microsoft SQL Server 2014 into the Panorama Necto 14 software solution. Integration with the SQL Server Platform enables users to analyze and visualize data in a unified, self-service environment.

The foundation of Microsoft’s comprehensive data platform, SQL Server delivers breakthrough performance for mission critical applications, using in-memory technologies, faster insights from data to any user in familiar tools such as Excel, and a resilient platform for building, deploying and managing solutions that span on-premise and cloud.

Necto 14 incorporates support for SQL Server 2014’s in-memory engine, analysis service cubes, as well as use of SQL Server 2014 as the Necto operational database and data source for an in-memory model. Necto 14 also allows users of SQL 2014 to add dynamic Infographic visualizations that reflects the “language” of their business.

This announcement of continued support for SQL Server builds on Panorama Software’s long-standing partnership with Microsoft. Panorama has provided out of the box integration with all major Microsoft Business Intelligence technologies since 1996, and the company’s flagship product, Panorama Necto is optimized for the SQL Server Platform, supporting both OLAP and BISM modes.

“We are pleased to announce our continued support for the SQL Server Platform,” says Tomer Paz, Product Manager for Panorama Software. “Customers deploying or migrating to the 2014 edition of SQL Server will enjoy a seamless upgrade experience and be able to use it with Necto 14 to utilize all its great benefits of Infographics Visualizations, suggestive technology, collaborative capabilities in a single governed platform.”

For more information, please visit www.panorama.com.

About Panorama

Panorama is a leader in Business Intelligence 3.0, facilitating the next generation of self-service business intelligence solutions. Panorama’s Necto product is a BI platform which is context aware allowing any type of user to interact intuitively with data within an intelligent collaborative environment. Panorama recently released Necto 14, the market’s first Business Intelligence data discovery solution to offer Infographics for Dynamic Data Visualization.

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For more information contact
Lynn Walks
Marketing Director
Panorama Software
(t) 416-545-0990
(e) lwalks@panorama.com

Businesses turn to collaborative BI to get things done

There are plenty of advantages to employing business intelligence tools in your business, and it can be even more useful when various members of the company can collaborate on projects. Of the many trends evolving around business intelligence, collaborative BI is growing rapidly as more and more enterprises embrace the team approach to data analysis. As the expression goes, two heads are better than one when it comes to putting data analytics to work for a business, as teamwork can allow good ideas to flourish whether choosing which data to use for a given project and how to interpret the analysis.

Interest in collaborative BI grows
Dresner Advisory Services recently released its third annual Wisdom of Crowds® Collaborative Business Intelligence Market Study, and the results made it clear that collaboration is key when it comes to analyzing data with a BI solution. The survey revealed that this aspect of business analytics was important to more than 60 percent of surveyed businesses around the world, according to Midsize Insider.

“… this year there is a rebound in interest in collaborative BI, placing it above such high-profile topics such as big data and social media,” Howard Dresner, the organizations founder and chief research officer, explained. “In addition, we see a much closer alignment between the tools and capabilities that users want and the features and functions that vendors are incorporating into their offerings.”

Harness benefits of collaborative BI
The ability to combine analytics with social applications and crowd-sourcing opens up a world of possibilities for using data to improve operations and strategies. Working with others on a project involving data can make it easier to interpret the information and determine the best way to use the analytics to make changes to current and future projects and operations.

It helps to have a BI solution that makes collaboration easier, and Panorama has software that can satisfy this needs. Necto 14 takes teamwork to the next level by offering options for collaboration along every step of the process from determining what raw data to use to analyzing that information to organizing it with data visualisation. The software allows multiple people to work simultaneously on the same projects, as they can make notes on various infographics, charts and other data and share instantly with their team.

Big data trends that impede business intelligence

While business intelligence is seeing continued growth, the rate of expansion has slowed due largely to the way companies approach big data. The latest Gartner report indicated that business intelligence experienced an average 8 percent growth in 2013 across the globe, but no one saw improvements higher than 12 percent. According to Data Center Dynamics, the limited amount companies and their employees know about big data is a major reason behind the slowed growth of BI.

Lack of know-how
Big data, which encompasses massive swaths of information, can seem intimidating for those unprepared to harness the potential of data analytics. The news provider suggested that part of the reason big data remains such a mystery to some is that they don’t know how to best put it to use for their businesses. This encompasses everything from knowing which data to examine when looking at a specific operation or strategy to analyzing and interpreting sets of information and how they relate to one another.

However, firms can invest in a BI solution like Panorama’s Necto 14 that makes it easier to collect and interpret relevant data. This software can suggest which sets of information may be useful for a particular inquiry, giving users the ability to gain valuable insights regarding various departments and processes.

Too much importance
At the same time as businesses are having trouble harnessing big data correctly, many are also placing far too much emphasis on this large pool of information. The focus tends to fall more on the collection and storage of big data and less on data discovery and analysis, according to Venture Beat. Having all of this information is only useful when it is then analyzed and put to use to improve a business. In many instances, this can be due to the lack of know-how when it comes to using the data effectively. The self-service BI tools available in Necto 14 allow any member of an organization to extract and interpret big data so it can serve to help departments make strategic changes to various policies and operations.

These issues will likely diminish as more companies embrace modern and intuitive business intelligence tools that can help them better harness big data. Inquirer.net reported that new applications and software that focus on making big data more accessible will put the power of data analysis in the hands of more workers.

Panorama Software’s BI 3.0 Solution Wins Stevie® Award in Best New Product of the Year

Panorama Necto Recognized for its Innovative Socially-Enabled Structure
and Contextual Data Discovery.

Toronto, ON (August 17, 2012) – Panorama Software, a global leader in Business Intelligence 3.0 solutions, announced today it was recognized with a Bronze Stevie Award in the Best New Product or Service of the Year – Software – New Version category  in The 9th Annual International Business Awards(SM).

The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide are eligible to submit nominations – public and private, for-profit and non-profit, large and small. The 2012 IBAs received entries from more than 50 nations and territories.

Nicknamed the Stevies for the Greek word for “crowned,” the awards will be presented to winners at a gala awards banquet at the Ritz-Carlton Hotel in Seoul, South Korea on 15 October.

“The International Business Awards recognize real innovation on a global stage ,” said Eynav Azarya, CEO of Panorama Software. “We are proud to earn yet another award with our Business Intelligence 3.0 solution and we will continue to further improve Necto so it stays at the forefront of BI innovation.”

Stevie Award winners were selected by more than 300 executives worldwide who participated in the judging process this year. More than 3,200 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories.

Panorama Necto represents a new generation of Business Intelligence 3.0 solutions that introduces a unique way to connect data, insights, and people in the organization. Necto is the first BI solution that leverages social decision making and automated relevant insights to enable users gain insights more quickly, more efficiently, and with greater relevancy. For more information about Panorama Necto, visit www.panorama.com.

About the Stevie Awards
Stevie Awards are conferred in four programs: The International Business Awards, The American Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service.  Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.  Learn more about The Stevie Awards at www.StevieAwards.com.

Video Products Distributors Leverages Panorama Necto to Shorten Decision Window

Video Products Distributors (VPD) is a Folsom, California-based company founded in 1980. The company currently operates various distribution warehouses throughout the country. It supplies DVDs, Blu-ray, video games, gaming systems, and related products and accessories to all industry channels and holds more than $20 million worth of inventory. Key customers include wholesalers such as Amazon.com, Newegg.com, Overstock.com and PlayTrade.

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