Hyperion.Hyperion has brought out Essbase 7X, what the company calls a far more robust and scalable application for performing analytics on both financials and line-of-business data within a single architecture. The company calls the new version the "most powerful advancement in analytic technology since the introduction of the original Essbase in 1992." Essbase 7X also has the new Hyperion Visual Explorer, which it calls "the first visual spreadsheet for query and navigating (networking, hypertext) navigating - Finding your way around. Often used of the Internet, particularly the World-Wide Web. A browser is a tool for navigating hypertext documents. 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. (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. ) data." Visual Explorer, developed over the past five years in research at Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. , allows users to visualize large data sets in simplified diagrams of differing shapes and sizes, allowing immediate insight into the data being presented (see screeen shot below). The new Essbase is up to 100 times faster than Essbase 7.0, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Srikant Gokulnatha, director of product marketing and strategy. This allows for rapid processing of massive data volumes in real time, aided by new navigation tools, he said. Hyperion is calling Essbase 7X "the only analytic engine for the entire enterprise," noting that it blends analysis of non-financial data with such core financial concepts as planning and forecasting, business rules and what-if scenarios. The application also provides an advanced solution for analyzing customer profitability Customer profitability (CP) is the difference between the revenues earned from and the costs associated with the customer relationship in a specified period. According to Philip Kotler,"a profitable customer is a person,household or a company that overtime,yields a revenue on the fly, without having to generate spreadsheets beforehand; Visual Explorer users can set the parameters they want and bring up graphical representations of customer groups, with the system automatically choosing how it wants to display the data for maximum clarity. Trends and exceptions are then easy to spot and react to. [ILLUSTRATION OMITTED] Web: www.hyperion.com |
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