Ibm Business Intelligence And Analytics – IBM is launching a business intelligence (BI) and analytics suite called Business Analytics Enterprise to help companies remove data silos and collaboration barriers that result from using different analytical toolkits across departments.
This way, companies can better address growing challenges, including supply chain disruptions, workforce shortages and changing regulations, IBM said.
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The new suite of enhanced versions of Planning Analytics with Watson and Cognos Analytics with Watson, along with a new Analytics content center, provides business intelligence tools for budgeting, reporting and forecasting data across departments.
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Announced Thursday, the package is also IBM’s attempt to increase its share of the growing business intelligence and analytics software market. According to research firm Gartner, the market, which includes players such as Microsoft, Tableau, Incorta, Alteryx, Oracle and TIBCO Software, is estimated at approximately $7 billion.
According to the company, the new Analytics content center is designed to give enterprise users access to analytics and planning tools from multiple providers in a single window or dashboard.
In addition, the company added that it includes algorithms that can suggest role-based content to help users discover new stories, reports and dashboards across the organization to help guide decision making.
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IBM also said that the Hub can analyze usage patterns to recommend content tailored to a user’s or department’s specific interests.
As part of the new package, the company said it has updated its pre-existing analytics services – Cognos Analytics with Watson and Planning Analytics with Watson.
IBM said IBM Cognos Analytics with Watson, an AI-powered self-service dashboard and report generator, has been updated to include the ability to account for seasons and many other factors when performing trend analysis.
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In addition, IBM Planning Analytics with Watson, an AI-powered service that helps streamline financial and operational planning, is expected to be available as a service on AWS later this year. clean and consolidate your data, create stunning data visualizations and show where your business is today while helping you predict what will happen tomorrow. ® Cognos® Analytics with Watson takes Business Intelligence a step further with artificial intelligence capabilities that not only provide an accurate, reliable, and complete picture of your business, but also predict what’s next, predict outcomes, and explain why.
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Ibm Launches New Software To Break Down Data Silos And Streamline Planning And Analytics
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Get started free for 30 days Explore Cognos Analytics with Watson with a free cloud-based trial. No Download Required.ARMONK, New York, November 3, 2022 /PRNewswire/ — IBM (NYSE: IBM) has announced new software that will help organizations break up data and analytics silos so they can quickly make data-driven decisions and tackle problems. unpredictable outages IBM Business Analytics Enterprise is a suite of business intelligence planning, budgeting, reporting, forecasting and dashboard tools that provide users with a robust view of data sources across the enterprise. Alongside IBM Planning Analytics with Watson and IBM Cognos Analytics with Watson, this package also includes the new IBM Analytics Content Hub, which helps simplify the way you discover and access multivendor analytics and planning tools in one personalized dashboard view.
According to the August 2022 Forrester report, organizations driven by advanced insights are 1.6x more likely than startups to report using data, analytics and insights to create experiences, products and services that differentiate them in the marketplace.
. But companies now face a very dynamic operational environment where they have to deal with unforeseen events such as supply chain disruptions, workforce and skills shortages, changing regulations and more. The complexity of storing data in different silos can make things harder as teams collaborate using different analytics and business intelligence tools. To be data-driven, companies can differentiate themselves by creating an enterprise-wide strategy that allows them to consolidate their tools and communicate their insights to decision makers.
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Building on the existing portfolio of IBM Business Intelligence solutions, IBM Business Analytics Enterprise includes the new IBM Analytics content center. It is designed to allow users to view planning and analytics dashboards from multiple vendors, including tools such as IBM Cognos Analytics with Watson, IBM Planning Analytics with Watson, and other popular BI tools, in a single view that combines elements of each into a customizable dashboard. according to your unique needs. In addition, it includes algorithms that can suggest role-based content to help users discover new stories, reports, and dashboards across the organization to help guide decision-making. As more users browse the IBM Analytics Content Hub, the solution analyzes usage patterns to recommend content relevant to their interests.
New IBM Cognos Analytics capabilities with Watson; IBM Planning Analytics with Watson expected to be available on AWS
Alongside today’s news, IBM Cognos Analytics with Watson, an AI-powered business intelligence solution, now includes new integration capabilities and enhanced forecasting that allows users to factor multiple factors and seasons into trend forecasts. Additionally, IBM Planning Analytics with Watson, an AI-powered solution that helps streamline financial and operational planning, is expected to be available as a service on AWS later this year.
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IBM Business Analytics Enterprise is designed to help break the silos so the right teams can get the right data at the right time. For example, an organization’s sales, HR, and operations teams require access to data and insights from a variety of business intelligence and planning tools for their specific needs, such as optimizing sales targets, generating workforce forecasts, or predicting operational performance. However, when data sharing and reporting is required between departments, difficulties can arise as these teams use multiple solutions. This can result in duplicate content in applications that can compromise data consistency and quality. IBM Business Analytics Enterprise makes it easy to share corporate data while maintaining protection and avoiding data duplication by providing a single point of access to users across departments.
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