Business Objects Launches Open Data Mining Initiative; Industry Leader First to Integrate a Wide Range of Data Mining Solutions; First to Deliver Data Mining Integration to Market.CUPERTINO, Calif.--(BUSINESS WIRE)--May 20, 1996--Business Objects (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BOBJY), the world's leading provider of integrated query, reporting, and online analytical processing Online Analytical Processing, or OLAP (IPA: /ˈoʊlæp/), is an approach to quickly provide answers to analytical queries that are multidimensional in nature. (OLAP (OnLine Analytical Processing) Decision support software that allows the user to quickly analyze information that has been summarized into multidimensional views and hierarchies. OLAP tools are used to perform trend analysis on sales and financial information. ) tools, today announced a comprehensive Open Data Mining Initiative that will let customers use a wide range of advanced data mining techniques in conjunction with its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , BusinessObjects 4.0. The Open Data Mining Initiative consists of a series of technical and comarketing partnerships with seven leading providers of data mining solutions. Under the terms of the agreements, Business Objects and the data mining vendors will work together to provide software integration between BusinessObjects 4.0 and the partners' data mining solutions. BusinessObjects customers will benefit by having the industry's broadest selection of integrated data mining solutions available to them. Data mining customers will benefit by having the industry's leading integrated query, reporting, and OLAP tool, BusinessObjects 4.0, available to use in conjunction with their chosen data mining solution. While the nature of the integration is specific to the requirements of the individual data mining solutions, in many instances the products will be linked through "one-button integration." With one-button integration, customers can both launch and pass data to the partners' data mining solutions, all with the click of a single toolbar A row or column of on-screen buttons used to activate functions in the application. Many toolbars are customizable, letting you add and delete buttons as required. Toolbars may be fixed in position or may float, which means they can be dragged to a more convenient location in the button. The Data Mining Partners The seven vendors announcing data mining partnerships with Business Objects today are: -0-
-- ANGOSS Software, makers of KnowledgeSEEKER, a knowledge
discovery and data mining product that provides analytical and
predictive capabilities
-- DataMind, makers of DataMind, a family of data mining software
designed specifically for business professionals
-- IBM, providers of the IBM Intelligent Miner, a knowledge
discovery product for analyzing, extracting, and visualizing
data in databases and data warehouses
-- ISoft, makers of AC, a data mining product for creating
decision trees
-- Right Information Systems, makers of 4Tune, a modeling and
forecasting product for business people without specific
statistical skills
-- Silicon Graphics, providers of MINESET, data mining and data
visualization software
-- SPSS, a provider of statistical analysis software used by
professional data analysts for applications including survey
research and marketing and sales analysis
"Many customers want to start exploring data mining as an extension of the overall decision support efforts they are using to manage their business more effectively," said Bernard Liautaud Bernard Liautaud is chairman and chief strategy officer of Business Objects. Liautaud cofounded Business Objects in 1990 and was chief executive officer until September 2005. , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Business Objects. "Business Objects data mining initiative facilitates that exploration by enabling customers to access advanced data mining products directly from BusinessObjects, their tool of choice for integrated query, reporting, and OLAP." Availability The link between BUSINEESOBJECTS and ANGOSS, DataMind, ISoft, RIS RIS rabies inhibiting substance. , and SPSS A statistical package from SPSS, Inc., Chicago (www.spss.com) that runs on PCs, most mainframes and minis and is used extensively in marketing research. It provides over 50 statistical processes, including regression analysis, correlation and analysis of variance. is available immediately to customers of Business Objects at no charge. Integration with IBM's Intelligent Miner and SGI's MineSet will be available this summer. About Business Objects Business Objects (NASDAQ:BOBJY) is the world's leading supplier of integrated query, reporting, and OLAP tools. The company's flagship product, BusinessObjects, provides mainstream business users with access to information stored in corporate databases, data warehouses, and packaged applications. The company pioneered the market for business-intelligent decision support tools in 1990 by introducing the first product to use a "semantic layer Semantic Layer The semantic layer is a business representation of corporate data that helps end users access data autonomously using common business terms. Developed and patented by Business Objects, it maps complex data into familiar business terms such as product, " to map complex database schemas to a business representation understandable by non-technical end users. Business Objects generated over $60M in revenue in 1995, concluding its fifth consecutive year of more than 100 percent revenue growth. BusinessObjects has been licensed in more than 50 countries to over 2,900 customer sites and 160,000 users worldwide. Business Objects partners with more than 350 leading third-party vendors including Arbor Software, Hewlett-Packard, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Informix, Microsoft, Oracle, PeopleSoft, Prism, Red Brick, Sun, and Sybase. Strategic resellers include Bull, Digital, Fujitsu, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , Price Waterhouse, Sequent, SHL SHL Shift Logical Left SHL Schweizerische Hochschule für Landwirtschaft (German: Swiss College of Agriculture) SHL Southern Hockey League SHL Silver Haired Legislature SHL Single Hidden Layer (neural networks) , Siemens Nixdorf, Toshiba, and Unisys. More information on Business Objects can be found on the World Wide Web at http://www.businessobjects.com. -0- Note to Editors: BusinessObjects is a trademark of Business Objects S.A. Other company and product names may be trademarks of the respective companies with which they are associated. -- Inquiries for Business Objects product information should call: 800-527-0580 or contact the company through the Web at http://www.businessobjects.com. -- See individual releases today on Business Objects data mining partnerships. CONTACT: Business Objects Tracy Eiler or Miriam Standish, 408/973-9300 teiler@busobj.com mstandis@busobj.com or Blanc & Otus Danielle Dawson, 415/512-0500 ddawson@bando.com |
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