IT systems company Oracle has announced its suite of new Business Intelligence Applications, designed to help business owners draw strategic conclusions from their organizational data.
According to the Wall Street Journal, the new Business Intelligence Applications (release 18.104.22.168.1) enable data to be interpreted at a much faster rate, with easier integration into existing software applications.
The idea behind the applications is to enable businesses to process large quantities of data more quickly, allowing for insights and trends to become more obvious. As with similar releases, the hope is that the redesign and feature overhaul contribute to a simpler approach that works seamlessly with other technologies.
The announcement of the new BI Applications could have big implications for organizations nationwide. Oracle’s Forbes profile rates the company as number 102 on its top 2000 global list, ahead of Unilever and American Express, and its reach across technology-dependent sectors means a large number of organizations could eventually benefit from BI findings.
Paul Rodwick, vice president of product management at Oracle, said data can deliver competitive advantages for those businesses that integrate data analytics within their existing IT infrastructure.
“The business applications our customers rely on daily to manage operations contain a wealth of valuable data about their business, including resources, finances, employees and customers. Unlocking this data can deliver undeniable competitive advantages, yet many businesses still struggle to gain access to the intelligence they need quickly and easily. The latest enhancements and additions to Oracle BI Applications help organizations implement rich analytics more surely and quickly.”
The Business Intelligence suite allows users to process and analyze their system data to provide scorecard and summary metrics, against which decisions can be made. Designed to integrate with existing hardware and software frameworks, the applications provide a stream of relevant data, customizable to deliver signals relevant to a number of different commercial areas.
Oracle claims their new system allows for deeper analysis and more effective results computation. Its flexible, single architecture means that businesses are able to amend and develop their infrastructure for total control over the data points for analysis.
The suite of applications delivers output that can help control spending, increase staff productivity and help with the most efficient allocation of resources across one-off projects. Officially launched at the start of April, the new Business Intelligence suite is already being integrated within existing IT systems to give businesses more control over the data they track and manage.