Business Objects Partners with ThinkAnalytics; OEM Agreement Provides Customers with Enhanced Predictive Analysis Capabilities and Strengthens the Business Objects Operational BI Offering.ORLANDO, Fla. -- Business Objects (Nasdaq:BOBJ BOBJ Business Objects SA )(Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. code: FR0004026250-BOB), the world's leading provider of business intelligence (BI) solutions, and ThinkAnalytics, a leading real-time predictive analysis company, today announced the signing of an original equipment manufacturers (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ) agreement. Under the terms of the agreement, Business Objects will integrate ThinkAnalytics predictive analysis software within Business Objects performance management applications. This agreement expands the ability of Business Objects to provide statistics and data mining technology to business users as part of the company's performance management applications in BusinessObjects(TM) XI. Business intelligence users often struggle to make proactive, rather than reactive, decisions that help improve their company's performance. These users want to take pre-emptive pre·emp·tive or pre-emp·tive adj. 1. Of, relating to, or characteristic of preemption. 2. Having or granted by the right of preemption. 3. a. action before something goes wrong in their business. Predictive analysis helps people analyze historical information and real-time operational data to reliably forecast what may happen in the future. By using predictive analysis as part of a broader performance management solution, organizations can better anticipate things like customer behavior and more accurately forecast demand in order to improve performance. ThinkAnalytics provides an open and scalable platform that delivers integrated predictive modeling for enterprise deployments. The integration of ThinkAnalytics with the Business Objects performance management applications will enable companies to easily access dynamic data sources from a data warehouse, and then analyze and predict future results based on industry standard algorithms For computer algorithms, see . In elementary arithmetic, a standard algorithm or method is an efficient manual method of computation which yields one correct answer, and has been traditionally taught over a long period of time. . In addition, customers can write back the results to tables stored in the data warehouse for additional reporting using the full range of Business Objects end-user BI solutions. "Many companies have pockets of statistical tools somewhere in their organization, but historically this has only been used by expert statisticians Statisticians or people who made notable contributions to the theories of statistics, or related aspects of probability, or machine learning: A to E
Expanding Operational BI Capabilities With this agreement, Business Objects continues to expand its operational BI capabilities. In June, Business Objects announced the launch of BusinessObjects XI Built for Operation BI. That launch was part of a strategic initiative by Business Objects to bring insight to all users in an organization by making BI more process-aware and real-time enabled. Strengthening the predictive analysis capabilities of the Business Objects performance management applications further extends the ability of organizations to use Business Objects solutions for operational BI. As business intelligence becomes more closely tied to everyday business processes, it is no longer adequate to simply deliver information about what happened yesterday, last week, or last year. Whether it is a marketing vice president looking to figure out which new product to sell to a customer based on his or her existing "basket" of products, or a credit risk manager wanting to predict what action will most likely result in debt recovery from customers, the combination of ThinkAnalytics software with the Business Objects suite of performance management applications will deliver useful, actionable, and predictive analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events. across the enterprise. "The use of business intelligence in an operational setting is expanding quickly, and Business Objects has taken a leadership role in providing the solutions required for operational BI," said Donald MacCormick, vice president of performance management applications at Business Objects. "The objective of an operational BI system is to allow users to react faster to business needs, to anticipate business problems in advance before they become major issues, and to take advantage of new business opportunities as they emerge. Our OEM agreement with ThinkAnalytics expands our ability to deliver advanced, predictive, real-time analytics to business users. Having the ability to anticipate future results using predictive analysis helps organizations react quickly to changing environments and enables them to make better business decisions." About ThinkAnalytics ThinkAnalytics Ltd is a leading provider of real-time analytic and data-mining technology through 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. Intelligent Enterprise Server. ThinkAnalytics provides solutions for Banking, Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , Telecommunications, Retail and Pharmaceutical industries. It specializes in high-performance, high-volume analytical solutions, including solutions for the Zero Latency (1) Having no delay between the time a request is initiated and the response is given. See latency. (2) (Zero Latency) Coined by the GartnerGroup, it is the immediate exchange of information across geographical, technical and organizational boundaries so that all Enterprise and Customer Relationship Analytics. The company is privately held and headquartered in Glasgow with offices in London, Paris and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For more information, please visit www.thinkanalytics.com or send an e-mail to info@thinkanalytics.com. About Business Objects Business Objects is the world's leading business intelligence (BI) software company. With more than 30,000 customers worldwide, including over 80 percent of the Fortune 500, Business Objects helps organizations gain better insight into their business, improve decision making, and optimize enterprise performance. The company's business intelligence platform, BusinessObjects(TM) XI, offers the BI industry's most advanced and complete platform for performance management, planning, reporting, query and analysis, and data integration. BusinessObjects XI includes Crystal Reports(R), the industry standard for enterprise reporting. Business Objects has built the industry's strongest and most diverse partner community, and also offers consulting and education services to help customers effectively deploy their business intelligence projects. Business Objects has dual headquarters in San Jose, Calif., and Paris, France. The company's stock is traded on both the Nasdaq (BOBJ) and Euronext Paris (ISIN:FR0004026250-BOB) stock exchanges. More information about Business Objects can be found at www.businessobjects.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward Looking Statements Certain sections of the press release contain forward-looking statements that are based on assumptions regarding the product release dates, features and capabilities. However, these statements are not guarantees of the date of availability, which may be delayed or cancelled, or of the availability of features mentioned, which may be changed or removed prior to release. Statements such as "expected," "planned," or "anticipated" denote forward-looking statements, and the word "launch" refers to pre-release marketing activities and does not denote general availability. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, as amended. All forward-looking statements speak only as of the date of this press release. The company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release. Business Objects and the Business Objects logo, BusinessObjects, WebIntelligence, Crystal Reports, Intelligent Question, and Desktop Intelligence are trademarks or registered trademarks of Business Objects S.A. or its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. in the United States and/or other countries. All other names mentioned herein may be trademarks of their respective owners. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion