Tag Archives: necto

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.

Industry: Media – Music

Business Challenge: Inadequate  Sales Tracking

Based in London, this company is the world’s  largest independent music company, operating directly in 50 countries. Around  the world the company supports a roster of current pop, classical and jazz  stars plus a back catalog of 150,000 recordings. Continue reading

Company: Lavie TimeTECH

Company Overview

Founded in 1983, Lavie TimeTECH is one of the  world’s leading suppliers of Workforce Management Systems. With more than 8,200  installations worldwide, almost four million employees use Lavie TimeTECH  solutions to manage their time. Using Lavie TimeTECH’s advanced systems,  employers are able to standardize all manpower operations while significantly  increasing efficiency and responsiveness.

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Company: Barak Telecommunications

Background:

Three communications giants; Sprint, France Telecom and Deutsche Telekom created Barak Telecommunications. These companies were also jointly responsible for the founding of the global communications company Global One, which is represented in Israel by Barak. Barak provides a wide variety of telecommunications services to and from Israel encompassing more than 65 countries around the world. Continue reading

Company: Altera

Company Profile

The world’s pioneer of  system-on-a-programmable-chip (SOPC) solutions. Altera has annual revenues over  a $1billion; maintains 14,000 customers worldwide and employs approximately  2,465 people in 14 countries around the world. Continue reading

Panorama partners jump on board for Necto certification

With the recent release of our latest solution Panorama Necto, Panorama Software has ushered in the next generation of business intelligence technology, inspiring many of our well-respected business partners from around the world to jump on board with the cutting edge of analytics.

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Panorama Necto hits the road

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.

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CEO Review: Top tech executives gather at HTIA event in Jerusalem

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.

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