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True Business Transparency: Understand and Optimize Business Decisions


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Source: QlikView
Date: January 2009
Type: Thought Leadership
Rating: (1)

Overview: Today’s business situation has never been more volatile, with forecasts appearing uncertain at best and dismal at worst. Most executives see the value of business intelligence, but many feel suspicious of new software and balk at the price tag. In this economy, managers have to make smarter and more timely decisions, and business transparency becomes more critical than ever. The importance of Business Intelligence cannot be overestimated. Gartner ranks BI among the top ten strategic technologies for firms during 2009. But can traditional Business Intelligence – which can take months or years to deploy, and weeks or months to change – be relevant for business users today? Financial firms need to focus on high impact, fast value projects – those that make an immediate difference in targeting customers, managing risk, finding cost savings, and making people as effective as possible. Enter in-memory analysis, which is poised to revolutionize the BI industry as it becomes the predominant approach. Gartner expects that “by 2012, 70% of Global 1000 organizations will load detailed data into memory as the primary method to optimize BI application performance”. This technological revolution has unlocked tremendous value for financial institutions, and is causing a squeeze amongst traditional OLAP players with their service-heavy models. In this dossier you will read more about Business Intelligence and in-memory analysis, and hear from organizations such as SEB, ABN AMRO, and Atos Origin about their use of QlikView to drive value in customer intelligence and risk management.

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