Hewlett-Packard Corp.Hewlett-Packard Corp. (HP) has announced that it is working separately with a quartet of leading BI vendors--Business Objects, Cognos, Hyperion and SAS--in the development of new solutions using HP OpenView HP OpenView was a Hewlett Packard product range consisting of an extensive portfolio of network and systems management products. In 2007 the entire HP OpenView portfolio was rebranded under the strengthened HP Software name. Business Process Insight software to add near real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. business process visibility to their business intelligence solutions. Under agreements between HP and the companies, HP will work with each vendor to use HP OpenView Business Process Insight (BPI (Bits Per Inch) The measurement of the number of bits stored in one linear inch of a track (storage channel) on a disk or tape. Bit density on magnetic disks has reached 800,000 bpi (800 Kbpi). See tpi, areal density and magnetic disk. BPI - bits per inch ) within the new solutions to provide up-to-the-minute business process status and results. The resulting solutions, expected to be available later this year, will address the business intelligence market, which in 2004 experienced better than expected performance with a growth rate of 11 percent to reach $4.27 billion in worldwide software revenue. HP OpenView BPI, developed by HP and introduced last year, dynamically highlights activity within business processes and is intended to enable both IT and business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets to improve business results. As a result of these new solutions, business operations teams will be able to execute real-time adjustments to enhance process performance, HP says. The injection of real-time business process visibility will allow operations teams to more quickly notice when business performance moves off plan, enabling rapid response and corrective action A corrective action is a change implemented to address a weakness identified in a management system. Normally corrective actions are instigated in response to a customer complaint, abnormal levels if internal nonconformity, nonconformities identified during an internal audit or . "The ever decreasing cycle time of market changes is driving the need for companies to be much more agile in their response to business variations," says Dan Vesset, research director, Analytics and Data Warehousing See data warehouse. data warehousing - data warehouse Software, IDC. "Improving the ability of business intelligence solutions to provide greater value to operational business teams will make them more relevant. These new, integrated solutions address that need and will extend their market opportunity within the existing BI market." Web: www.hp.com |
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