IBM announces new cloud-based analytics software for business users

Enterprise IT vendor IBM announced new cloud-based analytics software for business users and decision makers.

IBM will be showcasing the cloud-based analytics software at Vision 2014 in Orlando, Florida.

Employees will benefit as the new IBM analytics software offers task-personalized lists, dashboards, analysis, and reporting in the cloud, allowing them to interact with data. This means, employees can do their work, collaborate with others, and make better business decisions.

Sales managers can now use a PC, smartphone or tablet to manage sales compensation-related activities while collaborating with peers, resulting in faster and more accurate payments to sales reps.

According to IT research agency Gartner, analytics will reach 50 percent of company employees by 2014, and by 2020, that figure will be 75 percent.

A 10 percent increase in data accessibility, for instance, translates into an additional $65.7 million in net income for a typical Fortune 1000 company.

Organizations today are challenged to capture and make sense of data in real time, while enabling better, faster decisions and actions by more users. Today’s news helps take analytics out of the IT department, making it accessible to frontline staff through visualization tools and dashboards.

IBM Concert is offering new cloud-based analytics software available on IBM Cloud Marketplace that can manage the volume and complexity of processes and tasks, support mobile workforce, and emphasize social collaboration as an integral part of decision making.

There are several use cases. A sales manager, who looks at the Concert dashboard and sees that sales for one product line are running behind plan, can recommend an additional sales incentive for the quarter, attaches a few comments, and asks for management approval.

The CFO, who is out of the office, can use a smartphone to access the expense alert, read all the comments, and review in-context metrics to approve the request.

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Project Catalyst Insight makes analytics more automated, approachable and accessible to business users. Catalyst Insight automatically builds predictive models and presents those results as interactive visuals with plain language descriptions.

Using Catalyst Insight, a marketing manager could use advanced analytics to better understand the drivers of marketing campaign effectiveness without having to wait for a data scientist to prepare the information, develop predictive models and interpret the results.

IBM also announced plans to make its OpenPages enterprise governance risk and compliance family available as a managed service on SoftLayer cloud infrastructure. Using OpenPages on Cloud, a compliance manager will be able to identify and analyze the potential effects of a large-scale, serious incident and make recommendations for corrective action to management.

InfotechLead News Team

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