Financial forecasting and Business Intelligence (BI) analytic tools provide business users with a single data source. All “actual” information is derived from the company’s proprietary Enterprise Resource Planning (ERP) system, automatically updated to a single DataMart at user-defined intervals for use by all reporting tools. All forecasts created in a budgeting and forecasting solution are “written back” to the DataMart, to then be...

NewIntelligence is very excited to announce that we have started a new office of finance practice to help organizations develop, enhance and modernize their financial reporting, analysis and planning solutions with IBM Cognos. It has been our experience that the way that financial professionals interact with their organization’s data is changing.  The question that most CFOs are asking today is, “How do I take control of my...

Increasingly, more businesses are utilising data to improve their sales, market share, and profits. Data used in this way is called business intelligence, and it can give your small business a competitive edge. There are a number of aspects of business intelligence you should be aware of that you can use to build your business. Our list below covers five recent trends in business intelligence that may be relevant to your business....

Supercomputer Watson Is Helping Businesses with Forecasting Watson is the supercomputer developed by IBM, and is capable of artificial intelligence. This super intelligent technology uses a cognitive platform to understand the questions asked, then using vast processing power to crunch all of the data to find the answer. It is best known for appearing on Jeopardy in 2001 and winning. Watson was programmed to be able to answer the...

Cloud Based Business Analytics According to the research firm Gartner, the business analytics market is about $14 billion, dominated by big technology corporations like IBM, Microsoft, Oracle, SAP, and the SAS Institute. This is largely due to the high demand for products that have the ability to analyze huge amounts of data. This is illustrated in a recent Boston University report on business leaders, stating that data analysis is...

In an unstable economy, manufacturers need to respond to economic challenges and market tendencies by ensuring that their organization runs at optimal efficiency. Also, with increased consumer demand for eco-friendly and sustainable products, companies and operators are continually refining internal operations. In order to do this, the company needs a thorough understanding of how it operates relative to the company’s own historical...