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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 and Datawatch Announce Strategic Alliance to Enhance BI 3.0 with Data Variety

Toronto, ON (January 16, 2013) – Panorama Software, a global leader in Business Intelligence 3.0 solutions, has announced its strategic partnership with Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of information optimization platforms, to offer users better solutions to tackle Big Data.

One of the main pillars of Big Data is data variety, which means incorporating information from unstructured and semi-structured sources like external reports, PDF files, EDI streams, Log files, XBRL sources, etc. Datawatch’s information optimization platform enables organizations to turn static reports from traditional BI platforms (SAP, Cognos, Oracle, etc) into dynamic reports, as well as connect to different unstructured data sources that are usually impossible to access.

With Panorama Necto on top of the Datawatch’s platform, users can now utilize the most advanced Business Intelligence 3.0 solution to analyze, explore and collaborate on larger data pools in a unified, self-service environment. Necto’s unique context-aware BI engine automatically suggests relevant insights, offers multiple cause-and-effect scenarios and recommends relevant colleagues to collaborate with, allowing all users to work together to resolve issues and make better-informed and faster decisions.

“This partnership offers our customers the ability to extend their current plans to deploy Panorama to include data sources that they had previously thought were not accessible – especially static reports from traditional BI platforms such as SAP and Oracle,” said Eynav Azarya, CEO of Panorama Software. “Panorama has always looked to provide innovative new approaches to delivering business intelligence technologies and the inclusion of the unstructured and semi-structured information through our partnership with Datawatch is directly in line with our vision to deliver BI 3.0 to the market.”

Panorama and Datawatch will offer the solution through respective global channel partners and direct sales, adding joint marketing, sales and certification offerings to boost adoption of the BI 3.0 solution.

“Panorama’s paradigm for BI applications, that includes the use of social information and collaboration, is certainly visionary,” said Ben Plummer, Chief Marketing Officer and Senior Vice President, Strategic Alliances of Datawatch. “When you couple those capabilities with the tremendous variety of unstructured and semi-structured data sources that Datawatch can make available, it certainly sets the bar much higher for what organizations should expect from their business intelligence and data discovery technologies.”

About DataWatch Corporation

Datawatch Corporation (NASDAQ-CM: DWCH) is a leader in providing information optimization products and solutions that allow organizations to deliver the greatest data variety possible into their big data and analytic applications.  Datawatch provides organizations the ability to integrate structured, unstructured, and semi-structured sources like reports, PDF files, and EDI streams into these applications to provide a 360 degree perspective of the issues and opportunities that exist in their businesses. With more than 40,000 organizations worldwide, including 99 of the Fortune 100, using Datawatch’s products and services it is obvious that businesses of every type can benefit from the power and flexibility of Datawatch’s industry leading solutions. Datawatch is headquartered in Chelmsford, Massachusetts with offices in London, Munich, Singapore, Sydney and Manila, with partners and customers in more than 100 countries worldwide. For more information, visit www.datawatch.com.

Panorama Necto Garners SQL Server Pro Magazine’s Prestigious Award

Toronto, ON (January 8, 2013) – Panorama Software, a global leader in proactive Business Intelligence (BI) solutions, has announced that its Necto for SQL Server 2012 was recognized by SQL Server Magazine with a Silver “2012 Editors’ Best Award” in the Best BI and Reporting Product category.

For 18 years, Panorama Software has been top ranked for OLAP Analysis. With the release of SQL Server 2012, Microsoft introduced the Business Intelligence Semantic Model, bringing in-memory computing to the next level. The recent release of Panorama Necto integrates, extends and enhances the Microsoft platform with Business Intelligence 3.0, enabling users to analyse and visualize data in a unified, self-service environment. Necto’s unique context-aware BI engine automatically suggests relevant insights, offers multiple cause-and-effect scenarios and recommends relevant colleagues to collaborate with right within the BI system in order to make better informed decision.

SQL Server Magazine‘s annual Editors’ Best and Community Choice award programs offer a unique way to recognize the hottest products among the past year’s offerings,” said Jason Bovberg, senior editor at Penton Media, the publisher of SQL Server Magazine. “Choosing favorites from such a competitive field can be a challenge, especially in the midst of a financially unstable market, but this year’s winners show an uncommon breadth of functionality and originality.”

Eynav Azarya, CEO of Panorama, said he was gratified that the company had been awarded such a prestigious accolade by the top magazine for BI professionals, noting that the achievement was a positive reflection upon Panorama’s commitment to innovation and enhancement in the face of ever-changing market demands.

About SQL Server Magazine

SQL Server Magazine is the definitive voice of the SQL Server database development community and published for anyone who builds, supports or integrates world-class SQL database applications. Available in electronic or print format, the magazine covers issues that matter to SQL Server database administrators and architects, BI professionals, and SQL Server developers. Online resources include white papers, guides, podcasts, webinars, articles, FAQs, buyersguides, and an extensive knowledge base in SQL today.

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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Company: Ministry of Sport and Tourism of the Republic of Poland

Needs and Requirements:

One of the tasks of the Ministry is to support activities related to sport and tourism through the provision of financial grants. The grant may cover different areas of the office, such as creation of sports stadiums and sports halls, organizing sporting events, etc. Grantsare provided through various funding programs and are carried out by the relevant departments of the Ministry.

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Company: YES

Company Overview

YES is the only company in Israel that broadcasts multi-channel satellite television to subscribers, and is the first company that provided digital and interactive television services. Since its inception, the company has recruited 578,000 customers who represent about 39% of the multi-channel television market in Israel. YES currently employs around 2400 people and its annual turnover in 2010 was 1.6 billion NIS. YES broadcasts over 150 video channels, including 50 radio and music channels, and a wide range of interactive channels, games, information channels (including portals) and more. These channels also include video pay channels (pay-per-view) and over ten HD channels in i1080 format.

Business Challenge

YES has been at the forefront of technology from the start, even in comparison with giant companies in leading global markets. The company is always on the lookout for efficient and new ways to improve its decision-making process and quality.

“YES is an organization that lives and breathes data at the daily level,” explains Ido Bigger, head of BI technology and social networks in the Business Intelligence Department at YES. “The information we need includes daily analyses for services, sales, subscriber activation, faults, campaign analysis, customer care, trend analysis, meeting organizational goals, and financial models. These, as well as many other types of data, are generated and enriched continually by the Business Information Department, which is part of the Information Technology unit at YES. The data is presented and made available to users in two main ways – Relational Reports (BO) and OLAP views on the BI portal which is based mainly on the Panorama platform.”

YES choice the Panorama platform as a tool for analyzing business intelligence (BI) a few years ago. According to Bigger, the main reason for this was: “The superior capability of the Panorama to perform OLAP cube analytics in a faster, easier and simpler way than other BI tools. The Panorama platform served YES as a smart analytical tool for viewing data aggregations from cubes, easily and simply. We came to the conclusion that in-depth analyses do not have to be performed via complex reports, but rather by means of analytics tools that were specifically designed for this.” In a recent review of the alternatives in the BI area, YES came to the conclusion that Panorama’s solution continues to lead the world of Cube Analysis and decided to upgrade their platform. HighView performed the task of implementing and customizing the requirements of YES.

Solution

The system installed at YES was the Panorama Dashboard, upgraded with a number of additions and special features. Today it is used by hundreds of users at headquarters from the rank of CEO to team managers. The system holds a broad variety of data, ranging from reports that provide a comprehensive picture of the daily situation, to high resolution in-depth analysis of fault incidents, service, sales campaigns, and so on. Bigger points out the decision to choose Panorama was a result of the high level of satisfaction of the BI staff in YES with its superior analytical capabilities and impressive visualization.

“We are talking about a platform that is simple and interactive for the end user, that provides superior analytics, collaboration, and interactive deployment of information,” said Bigger. “During the years we have worked with the Panorama solution we got the impression that it is an easy and friendly platform for implementation and maintenance, and therefore continuing to work with it was both natural and desirable.We are great believers in Cube Analysis and in our opinion Panorama is a leader in the sphere. Without a doubt, it is very convenient to analyze cubes with the Panorama engine because of its Drag and Drop feature, easy-to-use graphs, and unique analytic capabilities.”

Business Benefits

Panorama solution has enabled YES to make the most of its available human capital and technological advantages, and maintain its prevalence in the competitive market in which it operates.

Bigger said one of the benefits of Panorama is its excellent integration with other BI systems in the organization. Avner Katzman, manager of the BI Department, indicated that many of the decisions made in the company are based on the data presented by Panorama. “We are talking about strategic and ongoing tactical decisions. Panorama is an especially useful tool in the customers division where real-time data is presented from the company’s systems and from which we can respond quickly to results from the field and demonstrate business flexibility.”

YES invests in enhancing the customer experience. A central part of these efforts is in the management, measurement and analysis of the organization’s performance,” said Ronny Barnov, Vice President of Information Technology at YES. “The BI systems, and among them Panorama, enable us to provide the organization with a convenient and user-friendly visual picture, and to make knowledgeable decisions in order to improve performance”.

“Panorama is an especially useful tool in the customers division where real-time data is presented from the company’s systems, and from which we can respond quickly to results from the field and demonstrate business flexibility.”

Ido Bigger, Manager of BI Technology and Social Networks in the Business Intelligence Department at YES.

Company: Jelly Belly Candy Company

Company Profile

Founded in  1869, Jelly Belly Candy Company is a manufacturer of jelly beans and other  confections. Jelly Belly produces the leading gourmet jelly beans in the world  as well as other treats such as candy corn and Gummi Bears. Jelly Belly  products are sold in 35 countries around the world and in 2003, the company  reported annual sales of more than $140m US.

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Company: Baltika Breweries

Company Overview

Baltika Breweries has been in production  since 1990 with headquarters in St. Petersburg, Russia. Since then, Baltika has  become the leader of the Russian beer market, the second largest brewery in  Europe, with revenues of more than 2 billion Euros, and conducting business  with more than 60 countries across the globe.

Currently, Baltika Breweries operates 12  breweries, managing over 10,000 employees and covering more than 350,000  points-of-sale throughout its massive logistic network.

Business Challenge

Baltika Breweries was on the rise when it  faced data warehousing challenges after merging with three other Russian  breweries in 2006. The merger led to a sudden influx of information that  presented obstacles in conducting successful data reports to monitor performance.  At first, the company integrated Microsoft SQL Server Analysis Services and  Performance Point as its business intelligence platform for data warehousing  and analysis. Pleased with the benefits of the multidimensional analysis the  platform offered, Baltika embarked on an initiative to find and deploy an easy  to use yet powerful business intelligence solution on top of the platform to  construct a unified BI infrastructure throughout the organization. After  evaluating offerings from SAP, Oracle, Cognos and other BI vendors, Baltika  selected Panorama BI suites for its advanced analytical functionality yet  simple, interactive user interface. With Panorama, Baltika Breweries was able  to improve collaboration for its logistics department across the country, as  well as successfully track key performance indicators (KPIs), which streamlined  the entire company’s productivity.

The holding re-organization that  accompanied Baltika’s merger with three other breweries presented a number of  data warehousing challenges. Because of IT differences between the multiple  breweries that became connected through the merger, Baltika’s process took from  several hours to several days for analysts to receive relevant data just to  create a single report.

As a growing  business, Baltika Breweries needed a solution to help manage its information  system that consists of nearly 10,000 users and a database of over 200  terabytes of corporate data.

Baltika initially integrated Microsoft  business intelligence platform to help operate data warehousing technology  through a vast number of users. In addition to the complete BI platform, from  the most innovative and flexible OLAP engine (Analysis Services) to Reporting  (Reporting Services) and ETL (Integration Services), Baltika also selected the  Microsoft solution for its best total cost of ownership (TCO) and integration  with Office and SharePoint for data distribution – a familiar environment for  the users.

To  provide easy to use, interactive analytical tools to its managers to interact  with the data, Baltika was looking for a solution that would seamlessly  integrate into its current Microsoft-based environment. The company evaluated  solutions from Panorama Software, SAP, Oracle and Cognos.

Solution

Baltika Breweries moved forward with Panorama  BI suite for its ease of use and interactive interface for the business users.  This combination of new self-service BI capabilities fit Baltika’s needs, as it  offered a number of advantages, including extended data visualization, light  web-based environment, and tight integration with Microsoft’s platform.

Baltika quickly integrated these benefits  into its top management level and logistics departments to gain a foothold on  its diverse data warehousing needs. The company is planning to extend the  deployment of Panorama’s BI suite into other departments, such as marketing,  manufacturing, sales and the rest of supply-chain department by 2011.

Results

Consistent view on data throughout the  organization

Baltika’s goal is to use the business  intelligence solution to construct a unified infrastructure for its entire  organization, with the main objective to enable all departments to use the same  setup for BI tools and unified analytics. As the historical development  introduced a number of different individual / departmental views on how to  manage corporate data, Panorama has provided an essential tool to successfully  eliminate these challenges and provide vast self-service capabilities and data  visualization.

Panorama’s easy to use Analytics application  makes it possible to drill down to a very deep level of the data with excellent  performance, and to provide in-depth analysis with in a very short time and in  a secure manner.

Self-Service  Access to Information & Increased Productivity

With Panoram, Baltika Breweries’ executives  have improved their collaboration efforts, especially for the logistics  department that spans across the continent, and has improved business  productivity by more effectively tracking KPIs.

“We started with key performance  indicators–like profit and loss, balance sheets, sales volumes–so managers  can see where the problems are located and can drill down to the primary  document” – said Herman Epstein, CIO of Baltika, in his interview with Forbes.  “When our supply chain vice president organizes meetings for all his plant  directors, for example, they can sit in front of the same screen, the same  reports, and explain what’s going on. If there’s a red light somewhere, the  local manager can open his screen and explain why trends have gone from  positive to negative. We can do that on extremely fresh data.”

Overall, Panorama Business Intelligence suite  has helped Baltika create unified performance metrics for its entire corporate  structure and enabled important business leaders to more easily gain insight to  essential corporate data.

Solution Highlights

  • Integrated disparate BI infrastructure and applications across the  enterprise
  • Standardization on the Microsoft platform while getting the power of  self-service analytics and reporting
  • Rich BI functionality that satisfies the executive’s need for deep  and meaningful interaction with data
  • Self-service access to data for managers across the company to  improve efficiency and agility
  • Reporting time takes minutes instead of days
  • The timely detailed reports  facilitate the flow of information within the company, ensuring consistent  communication across all departments.

Industry: Wholesale distribution and sales

Business Challenges

This company is the leading coffee company in  Romania, producing and distributing roast and ground coffee, instant and  cappuccino. After entering the Romanian market in 1995, the company has already  reached the top position with a market share of almost 50%, supported by  intense promotional activities. However, en route to this enviable position  there were significant challenges to be overcome throughout its sales and  marketing organization.

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