Corporate business intelligence dashboard use on the rise in 2005
BELLEVUE, Wash., January 25, 2005 — Noetix® Corp., a software provider that automatically generates business intelligence content from enterprise applications, today announced that results from a nationwide market survey on enterprise business intelligence (BI) dashboard use revealed one out of every four companies plans to purchase a dashboard solution in 2005.
The market survey, conducted on behalf of Noetix Corp. by Riley Research Associates, also showed that approximately one-third of companies now use dashboards to conduct and monitor business analysis. These companies report to benefit the most from features such as 'up-to-date or instant information' and 'one screen information' they receive from their dashboard solutions. 'Problem identification,' 'financials tracking' and 'increased productivity' were also cited as among the most beneficial dashboard features.
The companies who intend to purchase a dashboard solution in 2005 cited 'customizable reports', 'performance information' and 'financial information' as the top three features or types of data they would like to be able to access via a dashboard. When asked the job titles of those who might benefit most from a dashboard solution, CEOs and CFOs were cited significantly more than any other.
"There's more pressure on companies today than ever before to respond to business events very quickly," says Mike Riley, research director for Riley Research Associates. "Business managers are no longer willing to wait 24 hours for data warehouse information to be rolled up. They want to know in a matter of minutes if inventory on a product has fallen below a certain amount, if sales made its required number of calls, or if a purchase order over a certain value has arrived from an important customer."
In response to customer demand, Noetix recently introduced the Noetix Dashboard. Designed to provide executives with a customized snapshot of their daily operations, the Noetix Dashboard offers timely and critical business intelligence information from a single interface on the desktop.
Noetix's Dashboard solution is superior to competitive offerings because it is built upon proprietary Noetix MetaBuilder technology, which accelerates the design, build and deployment of dashboards by automating many of the key tasks that would otherwise have to be executed manually.
While other dashboard vendors typically spend months understanding their customer's unique database configurations in order to populate dashboards with relevant key performance indicators (KPIs), Noetix MetaBuilder uses a unique auto-discovery process to "crawl" a customer's specific application database, transforming data into business intelligence content that is searchable and navigable.
The bulk of this automation occurs within the first few days of implementation. Thus, Noetix is able to dramatically reduce the time, effort and costs associated with designing, building and deploying a dashboard.
More than 1,200 customers worldwide use Noetix to quickly and cost-effectively access the enterprise application data they need to make important business decisions every day. Noetix provides software that automatically generates metadata from enterprise applications, enabling immediate access to data. Unlike most business intelligence tools that require weeks of extensive manual mapping to set up and maintain, Noetix uses patented technology to automatically discover and produce metadata based on customers’ specific implementations of Oracle Applications or Siebel CRM. Noetix provides this BI content with easy search and navigation capability, empowering users to quickly generate the ad hoc operational reports needed to make critical and timely business decisions. Noetix’s proven technology is being used by industry-leading customers worldwide including: CompUSA, Motorola, Starbucks, Toshiba, Visa and Xerox International Partners. The company is headquartered in Bellevue, Wash., with international operations based in London. For more information about Noetix, visit the Web site at www.noetix.com or call toll free at 866-4NOETIX.
About Riley Research Associates Riley Research Associates is a 15-year-old marketing and communications research firm headquartered in Portland, Oregon.
Rebecca Haas Revolution Public Relations (503) 232-4242 email@example.com
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