Examples of business intelligence tools offered by cognos

#Examples of business intelligence tools offered by cognos manual
#Examples of business intelligence tools offered by cognos software

It had the flexibility of Excel - because all accountants love Excel - but at the same time it had a lot more robustness in terms of its calculating capacity and its ability not to fall over. 'In very simplistic terms, it felt to me like Excel. In the end Tradition, which employs about 2,400 people in 27 countries,В worked with analytics specialist Cubewise and opted for IBM's Cognos Express business intelligence software.

#Examples of business intelligence tools offered by cognos software

Umpelby stipulated the functionality the new analytics software would have to offer, while his colleagues in IT ensured that possible products would fit the firm's IT infrastructure and allow datafeeds from existing systems. As well as taking a long time to produce, it also took a long to time to check because the data was coming from different sources and changed each month.' There were occasions where we were finding errors in it. We needed to know who was profitable and who wasn't, so that when it came to contract renegotiations we were doing it based on data rather than just gut feel and bluster,' Umpelby said.ДЄs a follow-up to the data warehouse Magic Quadrant, here's a roundup of Gartner's annual Business Intelligence Magic Quadrant report. 'We wanted to produce a profit-and-loss account by broker.

#Examples of business intelligence tools offered by cognos manual

With the manual Excel process becoming increasingly cumbersome, Umpelby began to look for better technology to speed up the analysis 'Given it was taking us over two months and then down to a month and a half to produce the reports, we could never enforce them,' he said. But to enforce the performance clauses the broker has to be notified within either 14 or 28 days of the end of period.

Umpelby explained that one of the reasons for needing to do things faster is that many of the brokers have contract clauses stipulating a failure to produce certain revenues can lead to a salary cut and ultimately the sack at no cost to the company. 'Which is OK if everything's going well, but not great if you're in a declining market and you need to take action quickly,' he said. The resulting reports appeared two or three times a year, at first taking up to two-and-a-half months to produce each time with a large amount of figure-checking, according to Tradition EMEA CFO Umpelby. His immediate answer was to hire an Excel specialist, who set about looking at broker performance, laboriously correlating data such as the 400 to 500 brokers' pay and bonuses from HR, with travel and entertainment costs and the numbers held in IT timesheets. White House: Brace for potential Russian cyberattacksД¤1 impressive questions to ask in a job interviewД«ig data pumps up business intelligence spendДespite the downturn, it looks as if demand for business-intelligence software will remain strong thanks to big data and untapped departmental demand.