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PARSIPPANY, NJ--(Marketwired - Aug 7, 2013) - Revelwood, an IBM Premier traffic accomplice and chief in designing and implementing IBM company Analytics purposes, introduced these days it is the first IBM traffic ally global to win IBM Cognos TM1 Gold Accreditation. The traffic achieved this with the aid of working with hundreds of shoppers on successful IBM Cognos TM1 performance management and analytics functions.
"Revelwood is one of IBM's longest standing partners working with Cognos TM1," said stamp Enslin, company Analytics Accreditation software manager, IBM. "This accreditation is a testomony to the depth and breadth of Revelwood's expertise in helping their shoppers perform the foremost utilize of IBM Cognos TM1 -- which interprets into more desirable decision making and measurable company benefits."
The IBM Cognos TM1 Gold Accreditation is a component of IBM's utility supervene Accelerator, which become launched in early 2013. This software is designed for IBM company partners to hurry up and enlarge their skill to successfully implement solutions which leverage IBM application. as a course to win this accreditation, Revelwood had to occupy 15 practitioners certified on a lot of points of Cognos TM1 and had IBM overview and validate a pass-component to a success Cognos TM1 deployments Revelwood has delivered to their customers.
"This fulfillment is at once involving their stringent requirements for Revelwood consultants to occupy in-depth and fingers-on abilities of Cognos TM1," observed Ken Wolf, President and CEO, Revelwood. "The ordinary length of time their consultants had been using Cognos TM1 is 11 years. This deep taste is why Revelwood is capable of convey dazzling performance management and traffic analytics applications on-time and within funds."
additional IBM Awards
The IBM Cognos TM1 Gold Accreditation is only one of a few prestigious honors Revelwood has earned from IBM. Revelwood became awarded the 2013 IBM enterprise Analytics capacity Authorization company companion success Award, which recognizes IBM company companions who occupy demonstrated excellence in providing traffic value with enterprise Analytics, Predictive Analytics, enterprise content management and counsel administration application. Revelwood turned into chosen from company partners worldwide who occupy supplied "ingenious options and incredible client value" for the Revelwood™ BPM Suite, an out-of-the-container implementation accelerator for enterprise monetary planning and reporting.
Revelwood too received the 2011 IBM Beacon Award in the brilliant enterprise Analytics Innovation category for the Revelwood BPM Suite. Winners of the Beacon Awards are chosen from more than 95,000 traffic partners worldwide by course of leading traffic journalists, analysts and executives for 27 award areas.
About Revelwood Revelwood is an IBM Premier company companion providing implementation services, practicing and aid that bring ease, pace and flexibility to economic planning and reporting, company intelligence, monetary governance and revenue efficiency management. Combining IBM Cognos traffic Analytics utility with highest attribute practices and pre-configured, out-of-the-field purposes enjoy Revelwood's BPM Suite™ and efficiency Toolkit™, Revelwood helps organizations to hurry up the building and deployment of performance administration options. a entire lot of a hit implementations and confirmed ROI for dozens of Fortune one thousand and mid-market companies are only a brace of factors agencies flip to Revelwood for his or her efficiency management wants. more information on Revelwood may too breathe obtained by means of touring http://www.revelwood.com or calling 201.984.3030.
TM1 is rarely going any place, IBM Cognos maintains -- despite the fact that massive Blue hasn't yet dominated out changing its brand.
it's been a protracted and weird highway for the venerable TM1 OLAP engine, which has twice modified ownership over the closing 10 months.
First, in October of 2007, TM1's developer -- the previous Applix Inc. -- turned into got through Cognos Inc. under two months later, Cognos turned into itself acquired through IBM Corp. on account that then -- and regardless of guarantees by course of each finish confiscate by means of Applix valued clientele and leverage TM1 as the centerpiece of its Cognos fiscal performance management (FPM) platform -- things went darkish on the TM1 front.
except this week, that's. today, IBM Cognos announced a fresh version 9.four supplant for TM1, touting the expected efficiency and usability enhancements, together with fresh internationalization improvements that, officers argue, derive from huge Blue's stewardship of the Cognos and Applix manufacturers.
TM1 is rarely going any place, officers shriek -- despite the fact IBM hasn't yet ruled out altering its company. in addition, in spite of the fact that IBM Cognos is challenging at toil incorporating TM1 into its BI and PM products -- a process that includes both integration and reconciliation -- "legacy" Applix consumers will nonetheless breathe capable of purchase the bread-and-butter TM1 OLAP engine, via TM1 MidMarket version, which IBM Cognos plans to market to SME types.
"We're providing a dedicated mid-market providing," says Applix veteran Joe Pusztai, now product advertising supervisor for TM1 with IBM Cognos. "we are very plenty committed to holding the capacity to perform utilize of TM1 in a standalone, all-in-one capacity. We're now not ever going to perform clients purchase application that they don't need."
Pusztai guidelines that the TM1 manufacturer itself may depart away: "The TM1 id could no longer basically elevate forward. They silent occupy not determined about that, but the exact technology itself … that [is something] they will continue to elevate forward" on a standalone basis," he asserts.
TM1 version 9.1 became a comparatively ripen product when Cognos picked it up closing 12 months. on the other hand, Pusztai says, there's always play for improvement. Enter TM1 9.four, which boasts a number of improvements, starting with a characteristic (lively varieties) that smacks of the Dynamic Slices skill which Applix delivered in TM1 9.1.
there may breathe a intuition for that, he acknowledges. "That [Dynamic Slices] skill has been improved tremendously within the 9.4 liberate under a feature referred to as lively kinds." Pusztai describes energetic types as "without hardship a edition 2.0" supplant for Dynamic Slices, improving upon its predecessor in a few respects -- e.g., enabling access by course of TM1 web customer periods (Dynamic Slices is Excel-only), helping method-based mostly row definitions (Dynamic Slices supports subset-only definitions), the utilize of Excel's indigenous formatting metaphors to carry "a lot-superior report formatting, and supplying assist for server-facet zero suppression capabilities.
This ultimate is a gigantic growth over Dynamic Slices, which first pushed data perquisite down to the customer before filtering it. This ended in considerable bloat, Pusztai keeps. "we might ship any the information down the wire and then the client would filter it, as adverse to what we're doing now, [which is] suppressing it on the server, so that that information not ever goes down the wire," he explains.
newsIBM To purchase Cognos for $5 Billion
more to the factor, big Blue’s circulate without hardship eliminates the ultimate of the big BI pure-play vendors. together with competitors Hyperion options Corp. (got by Oracle Corp. previous this year) and enterprise Objects SA (received via SAP AG remaining month), Cognos become among the many largest and most visible of BI and PM avid gamers. Its acquisition by IBM skill that a personal significant -- SAS Institute Inc., which began out essentially as a purveyor of statistics mining and statistical evaluation equipment -- is now the largest independent BI and PM player.
The stream raises a few questions -- starting with the kismet of Cognos’ client tools, from ReportNet to PowerPlay to inherited technologies such because the former Celequest dashboard and appliance know-how (which Cognos bought previous this year). what is going to acquire position to the Applix TM1 OLAP expertise and its associated assets (which Cognos picked up simply two months in the past)?
Given gigantic Blue’s traditional middleware-heavy accent -- and even permitting for its extremely liberal figuring out of what exactly constitutes middleware (e.g., its DB2 database) -- the Cognos customer equipment kisser an uncertain future. no longer so for the underlying technologies that aid them, although. IBM officials talked up the significance of Cognos’ reporting and analytic capabilities, touting their "synergy" with massive Blue’s current records-integration and content material-administration property. during this scheme, Cognos’ returned-end reporting and analytic technologies will breathe a portion of a teeming universe of IBM middleware technologies.
"[We are] providing company intelligence [solutions] that feel on many purposes and a lot of sources of facts. They perceive [technologies such as] BI and master statistics management … as being horizontal. It is terribly an abominable lot horizontal technology that cuts across any types of applications," said Steve Mills, IBM senior vice president and community govt for the IBM utility neighborhood, in a teleconference.
IBM and Cognos officials declined to shriek simply how long the acquisition has been percolating, citing regulatory restrictions. Given the statements that Cognos officials made simply ultimate month within the wake of SAP’s acquisition of traffic Objects, it probably hasn’t been within the works for extremely long.
on the time, Cognos talked up SAP’s hobble as a windfall that helped recast it as the unqualified ultimate of the big BI companies.
"The acquisition … items a pretty ample possibility for Cognos and validates the market vision they laid out greater than six years in the past -- to breathe the leading independent company of performance administration options for consumers," illustrious Mychelle Mollot, vice chairman of market fashion and strategic communications with Cognos. "Our unique focal point on efficiency management will permit us to innovate and reply to the changing needs valued clientele enhanced and quicker than some other supplier available."
Cognos’ Mollot too referred to analysis from Goldman Sachs -- the same research that Cognos touted after Oracle’s buy of Hyperion -- which discovered that greater than 60 p.c of CIOs favored to buy their BI options from an independent vendor, not an utility or database vendor.
"We welcome the removal of a competitor who became committed, as they nonetheless are, to being an independent participant and giving valued clientele equal access to their entire infrastructure, applications and statistics sources," she noted.
In Monday’s conference name, Cognos' CEO Rob Ashe mentioned this about-face.
"When this any begun, the enterprise was no longer on the market," he observed. "We didn’t believe a superb should depart and promote ourselves because of [the traffic Objects] acquisition. definitely, they noticed a superb casual as a result of the dislocation within the industry."
factors in the back of the MoveWhat should silent they perform of IBM’s acquisition? If nothing else, industry-watchers stress, it opens up a myriad of fresh questions.
"For years, IBM representatives occupy stressed that the items the tips management community builds and buys are focused on the infrastructure degree, regardless of an occasional foray into purposes or equipment that resemble purposes," observed Philip Russom, senior manager at TDWI analysis.
No import how IBM chooses to spin it, Russom stressed out, Cognos is an functions company.
"The Cognos acquisition evidently steps throughout the line in a gigantic manner, so it begs the query: is that this an exception to the infrastructure rule or is this an entire fresh rule? If it’s a fresh rule, the record of viable acquisitions they will foretell from IBM just obtained a noteworthy deal longer," he stated.
what will develop into of Cognos’ BI client property? Russom thinks IBM will finish amend with the aid of Cognos clients. in any case, he facets out, big Blue has considerable adventure keeping and supporting legacy equipment -- each its personal and people it has acquired and/or inherited.
"americans forget that Cognos silent maintains its original, non-BI product called PowerHouse, which via now's a hoary and warted legacy, along with fresh BI legacies enjoy Impromptu and PowerPlay," he observed. "a number of more legacies shouldn’t breathe a problem for IBM, which has lengthy event protecting an elephant graveyard of products. simply glimpse at the legacy databases IBM acquired by course of acquiring Informix in 2001, and, of direction, the mainframe is among the largest annuity businesses on the earth of computing."
It’s with respect to OLAP that the acquisition is probably most fraught with questions. Two years ago, IBM stopped reselling its DB2 OLAP Server (an oem-ed -- and greatly modified -- edition of Hyperion Essbase). just recently, gigantic Blue introduced fresh OLAP functionality (according to technology it obtained three years in the past from the previous AlphaBlox) for its DB2 Warehouse offering.
Cognos, too, manages a collection of OLAP applied sciences, from its own homegrown PowerPlay and ReportNet applied sciences to the TM1 in-memory OLAP engine it got from Applix. How IBM manages and reconciles these OLAP assets will endure watching, in accordance with Russom.
"As with different BI-connected acquisitions, this one includes a considerable product redundancy concerning OLAP," he stated. "The redundancy is inevitable because there are diverse processes to OLAP, and these are sometimes embedded in numerous items of a number of forms. for instance, OLAP capabilities can breathe found from Cognos ReportNet, Cognos Now!, and TM1, an OLAP engine recently obtained from Applix. Likewise, IBM resold Hyperion Essbase for years -- which is similar to TM1 -- however switched to the OLAP capabilities of AlphaBlox, which are now embedded in DB2 9.5. Redundancy of this category at any times confuses the newly merged customer base, so IBM will deserve to differentiate these certainly."
a very long time ComingIn the remaining evaluation, mentioned Wayne Eckerson, director of TDWI analysis, this acquisition has been a very long time coming.
"This changed into the one [acquisition] individuals notion would circle up any along," he spoke of. "I deem for a lot of of the others, they were a dinky bit shocked within the trade. here's not a shock, as a result of IBM and Cognos occupy partnered for a very long time collectively. Cognos is the one BI vendor that’s applied its architecture on SOA principles greater than the others."
Eckerson added that Cognos’ SOA underpinnings helped perform it greater integration friendly. "despite the fact, that doesn’t clarify why they spent $5 billion for Cognos at this certain factor in time," he spoke of.
When due to the fact what accounts for the accelerated tempo of consolidation over the remaining 365 days on my own, Eckerson favors a domino theory rationalization.
"The leading BI gamers -- Oracle, IBM, SAP, and Microsoft -- and the groups that they’ve got limn two dozen or greater organizations that were standalone groups previous to [this round of consolidation]," he observed. "I believe the BI companies occupy seen for a long time that the ERP companies and the massive database providers occupy been going to recrudesce into this house, so that they want to bulk as much as prepare themselves which they did … through acquisitions. sooner or later, once one among them went and had a associate with huge, deep pockets, they any needed to go, so it’s sort of a domino impact."
Stephen Swoyer is a contributing editor for enterprise programs. He can too breathe reached at email@example.com.
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At colleges big and small, gigantic Data is much more than a buzzword. Nearly half of higher education institutions are harnessing it to boost retention, employing predictive analytics to identify students who may breathe at risk in hopes of keeping them affecting toward graduation. Yet increasingly, colleges are leveraging data analytics to forecast their revenues, target fundraising efforts and streamline traffic operations.
Jon Allen knows the breadth of data analytics firsthand. As the CISO and coadjutant vice president at Baylor University in Waco, Texas, he and his team took Splunk software and turned it into a Swiss army knife for managing data across a network of more than 20,000 machines.
Jon Allen, CISO, Baylor University.
Allen began using Splunk on a little scale about four years ago, simply to comply with peripheral component interconnect requirements for network log monitoring. But the longer the university looked at Splunk, the more ways they found to utilize it, he says. What began as a straightforward application grew into a software license that now consumes 400 gigabytes per day
For example, Baylor uses Splunk to slash turnaround time on succor desk queries, such as assisting users who are locked out of their accounts. Now, instead of spending hours poring over logs for each domain controller, server admins can cast them into Splunk and find the respond in minutes.
“This is basically Google for your machine data,” says Allen. “ ‘How am I going to understand what is going on with any these logs?’ That’s what Splunk does.”Data Provides a lucid Vision into Operations
As CISO, Allen uses Splunk to analyze network logins and correlate threat data between the server logs, firewalls and intrusion prevention systems. Baylor has even used Splunk data to foretell the best places to install access points as its wireless network expands. More recently, Baylor has brought in logs from some of the 130-plus cloud services it has deployed, such as Box, CrashPlan, Duo and Fischer IDM.
“Now they occupy visibility into their hybrid data center,” says Allen. “I don’t keeping if something is happening in the cloud or on-premises. I can perceive what’s going on inside my organization.”
Allen says that Baylor has barely tapped Splunk’s potential for predictive analysis across a compass of university departments alive to to acquire advantage of its capabilities. The real value of Splunk, Allen says, is its skill to deliver not only information, but insight: “I can occupy gigs and gigs of data — who cares? But if I can actually perform something meaningful and actionable out of that data, that’s important.”Addressing the Retention Question
Many universities are just starting to acquire advantage of gigantic Data tools, says Alan Duncan, a research director at Gartner. Others are silent at the talking stage.
Much of the discussion centers on how to ensure students tarry in college long enough to complete their degrees, he says. By tracking data such as students’ test scores and flush of appointment in online learning environments, institutions hunt to identify students at risk and intervene before it’s too late.
Retention rates too occupy solemn monetary implications: If students drop out, a university could lose out on tuition payments. Beyond that, it costs more to recruit a student — cogitate marketing, travel and administration expenses — than to retain one. In the long term, students who don’t finish college are less likely to pay off their student loans and to back an alma mater as donors.
“There are both academic outcomes and institutional outcomes, and the two can breathe uncomfortable bedfellows,” Duncan says. “Institutions are interested in the welfare of students, but they too occupy to pick up paid for the educational services they provide.”Analytics for monetary Forecasting
Budgeting and monetary forecasting are the primary reasons that Northwestern University outside Chicago uses IBM Cognos TM1, says Lauren J. Pahnke, senior systems analyst for Northwestern’s finance, facilities and research administration systems.
In preparation for each fiscal year, every department submits a projected budget. These are entered into Cognos TM1 and imported into the university’s monetary system, where adjustments can breathe made once the fiscal year begins, Pahnke says. The university then brings budgets and actual numbers back into TM1’s forecasting application, which departments utilize to track their financials over the course of the year.
“We used to finish any this in Excel,” she says. “But it’s just not maintainable. Now they can perceive the detail going into people’s calculations, where the numbers came from and what their assumptions were. Before TM1, they couldn’t see any of that.”
In 2015, Northwestern added a tuition forecasting module that lets managers of academic programs enter an estimated head import and tuition rate, then project what a program’s revenue will glimpse enjoy and where it will flow, says Pahnke. However, adoption of that forecasting utensil has been slower than anticipated.
“We hope people will utilize it because this is the benign of thing TM1 is very ample at,” she says. “I cogitate there’s a gigantic necessity for it, but it’s harder for people to perform that transition. Their central budget office definitely sees the value in it.”
Need for hurry in Solving IT Issues
In the future, data analysis applications are likely to become more varied as staff in diverse departments recognize their potential. For now, the biggest repercussion of solutions enjoy Splunk and Cognos is often felt in IT departments, particularly when such tools enable teams to accomplish more with fewer resources.
At Laguna College of know-how + Design in suburban Los Angeles, for example, a two-person IT staff is liable for approximately 1,000 students, staff and faculty. LCAD uses Splunk as a obligate multiplier, automating the collection and analysis of network log files, says Shawn Tetzlaff, the academic computing administrator.
With Splunk, Tetzlaff can perceive how well each server is performing, how often it restarts and if students are committing access violations by illegally downloading movie or music files. Besides preserving bandwidth, the latter is Important because LCAD, enjoy any colleges, must comply with the Higher Education break Act, which requires institutions to perform a good-faith effort to combat copyright violations.
It used to acquire 25 minutes to toil backward from an IP address to design out which student was violating the college’s acceptable-use policy. Splunk has reduced that time to less than five minutes, which frees up Tetzlaff for more Important tasks.
“The hurry at which Splunk queries the database and the nearly unlimited skill it gives you to parse that data is fantastic,” he says. “It’s already paid dividends in saving time for me, and I design if it can redeem me that much time, they can design out how to perform it toil for others. We’re silent in the fledgling stages of realizing its replete potential.”
Only 20% of traffic intelligence requests should breathe routed through the IT department, according to Forrester Research Inc. in Cambridge, Mass. That leaves the majority of BI requirements to breathe completed by the traffic user.
While the 80-20 split is not a scientific ratio and was instead derived from anecdotal evidence, Boris Evelson, a principal analyst with Forrester, hopes it drives home a message for businesses.
“It could breathe 90-10, 70-30, 60-40 in different organizations,” he said. “But what’s Important to realize is that if IT is liable for more than 50%, the backlog of BI requirements will withhold growing.”
The counsel comes out of a fresh Forrester Wave report on self-service traffic intelligence (BI). The Forrester Wave: Self-Service traffic Intelligence Platforms, Q2 2012, led by Evelson, notes that the BI environment is unique compared with CRM, ERP, human resources or monetary applications. In those cases, businesses can hobble at a more deliberate pace and silent will most likely perceive a recrudesce on investment.
“[B]ut a BI application can become outdated the day it is rolled out,” the report reads. “Even within implementation times of just a few weeks, the world may occupy changed completely due to a sudden merger and acquisitions event, a fresh competitive threat, fresh management structure or fresh regulatory reporting requirements.”
And that’s not the only differentiation. Unlike other enterprisewide systems, the requirements for a BI implementation may not breathe obvious until after the implementation is completed. That’s compounded by their different priorities: While traffic users train to serve their clients; IT aims to hold the data to a certain standard, according to the report.
A self-service BI environment could empower traffic users while taking some of the pressure off of IT. To succor businesses hobble in that direction, Evelson’s research outlines 10 capabilities a platform must occupy and rates the top 12 products on the market.
“If you are a traffic user, there are self-service options for you beyond Excel,” he said. “If you are an IT pro, you can now occupy your cake and eat it too: You can give traffic users a noteworthy degree of self-service capabilities using enterprise-grade tools.”
Consider capabilitiesThe term self-service BI tends to imply tools that are easy-to-use – even instinctual. But “‘intuitive’ and ‘user-friendly’ are subjective terms,” according to the report.
Before purchasing self-service BI platforms, businesses should deem the kinds of capabilities they want and the skill levels of the people building the applications. Those requirements, for example, may breathe different for an older generation of workers than for a younger generation who grew up on Google and Facebook.
As guidance, the report highlights 10 capabilities businesses should deem during the evaluation process; the list includes automodeling, collaborative features, write-back functions and “migration to production.”
Before a traffic user can publish and participate a fresh BI application -- even in a shared environment -- it should breathe “productionalized,” according to the report. This final stage loops the IT department into the process so that the standards it has Put forth can continue to breathe met.
“The perquisite approach? A publishing action that kicks into motion a ‘move to production workflow,’ ” the report states, “or at least automatically notifies the confiscate IT resources.”
Vet the vendorsTo assess the product offerings by what it considers the top 12 self-service BI vendors, Forrester constructed a 31-criteria evaluation based on research as well as user, vendor and expert interviews.
“We included vendors with at least 100 in-production customers present in more than one major geographical region,” the report read. “We too focused on vendors that Forrester clients frequently mentioned or asked about in the context of traffic intelligence.”
The vendors had to provide the majority of the capabilities Forrester outlined in its report, utilize SQL and MDX to query databases and provide BI tools that finish not occupy to breathe embedded into other applications. Based on these requirements, IBM Cognos Insight, which is based on the in-memory OLAP TM1 engine, was crowned the vendor with the strongest product offering.
IBM was joined in the “leaders” pool by a majority of the megavendor lineup: Microsoft, SAP and SAS. Tibco Software and MicroStrategy were too included among the leaders, but both seemed to straddle the line between the first and second tier of vendors.
Oracle was too present, but not among the leaders. It was included in the second tier, which Forrester refers to as “strong performers.” Forrester notes that Oracle has “persistently and successfully” closed the gap, citing Exalytics as an example. Though the recent Endeca acquisition was not considered for this analysis, the report gives it a significant nod.
“[It] has the potential to significantly boost Oracle’s overall position in the self-service BI market,” the report states.
Oracle was joined in the second wave by Information Builders, Tableau Software, Actuate, QlikTech and Panorama Software.
“In many specialized situations where certain features occupy specific importance, these vendors can even outshine and outperform the leaders,” according to the report.
When he joined fresh Alliance Bank (NAB) in late 2005 as vice president of monetary systems, Jeff Hudson found a monetary institution performing the most basic of monetary functions – processing the budget – in the most primitive of ways: With Microsoft Excel.
That wasn't the only problem. In addition to using transcend for budgeting, the fresh Haven, Conn.-based bank was generating profitability numbers through a "stripped down" version of Hyperion's Essbase and printing out customer account histories with Macrofiche. NAB executives knew they needed a better strategy for managing their data. That's why they hired Hudson.
Prior to joining NAB, Hudson worked at compete Bridgeport, Conn.-based People's Bank "automating people's work," as he Put it. The college psychology major taught himself to write simple code to automate transferring data from transcend to Microsoft PowerPoint, and in one instance saved the bank thousands of dollars and weeks of effort by creating automated monetary reports. The taste prepared him well for his next job.
At NAB, "the budgets never got done at the stop of the year because it was such a monster of a process," Hudson said during a recent interview at his fresh Haven office. "There were people emailing files everywhere."
Putting together the annual budget was a very manual process, he said, with some workers typing budget data into transcend rather than importing it from a database. Inaccurate, incomplete and redundant data was commonplace, not a ample notion at a monetary institution.
"The data is more critical in banks because their products are intangible," Hudson said. "People are affecting their money, but they're not actually affecting their money, they're affecting information. So, to occupy control over the view of that information -- where it was, where it's going -- is invaluable."Weighing OLAP options and a unanimous vote
Needing to update NAB's incoherent data management practices, Hudson knew NAB required a set of traffic intelligence and monetary reporting tools that users were cozy enough with to ensure adoption, but too springy enough to meet the bank's evolving data demands. "I necessity to breathe able to build tangled things, but perform them simple," Hudson said, "and I don't want it to breathe tangled from the perspective that it takes a special somebody to finish it."
After taking an inventory of the bank's disparate internal systems, Hudson spent half of 2006 evaluating 20 to 30 online analytical processing (OLAP) vendors. He narrowed the competitors down to 15 and invited each one in for a lengthy braindumpsmp;A session.
"I just drilled them with questions," Hudson said, asking each vendor if they offered pre-canned reports or if consultants would breathe needed to create reports, for instance, and what flush of IT back was needed to manage their systems. He too asked about their auditing and data integration capabilities. A few of the vendors even installed their software on Hudson's PC for a test run.
From there, Hudson, who reports to both the finance and IT departments, Put together a team of 26 NAB vice presidents. The team represented each of the bank's lines of business, including consumer lending, life insurance, and commercial real estate. Once Hudson and his team had winnowed the realm to six, the vendors each visited NAB headquarters and made their case.
In the end, the decision wasn't even close. any 27 votes went to Westborough, Mass.-based Applix' TM1 reporting and analysis tool.
"I designed a entire set of preset questions…. They presented them to any of these companies coming in and nobody did near as well as TM1," Hudson said. A consultant from Parsippany, N.J.-based Revelwood, an Applix partner, presented TM1 to the bank. "[He] was really personable and he made TM1 look so simple and elegant. He handled any their questions."Two acquisitions later…
Another of the finalists was Cognos, but the Ottowa-based traffic intelligence specialist didn't honest quite as well. "Cognos couldn't finish the things with their software that TM1 could finish with their software. They couldn't wield it as well or they couldn't divulge it as easily to the audience," Hudson said.
By mid-2007, TM1 was up and running at NAB. The budget process grew smoother and significantly shorter, just as Hudson had hoped. But then the unexpected happened: Cognos acquired Applix in October 2007. Even more unexpected: IBM then acquired Cognos in February 2008.
A vice president of monetary systems could breathe forgiven for growing a dinky nervous when his main reporting and analysis vendor gets acquired not once but twice, but Hudson takes a philosophical view. "I only worry about what I can control," Hudson said.The course Hudson sees it, IBM would breathe crazy to discontinue TM1.
IBM's running a traffic for profit, Hudson reasons. "And I know that TM1 is the most attribute thing that they have, so it wouldn't perform sense for them to pick up rid of it…I'm assuming that they're smart enough to withhold it around."
In any event, the two subsequent acquisitions haven't affected TM1's performance at NAB, at least not yet.
With TM1, the bank has slash its budget processing time in half, from four months to two, thanks to TM1's skill to simultaneously hasten multiple scenarios and to add additional scenarios on the glide when needed, Hudson said. Its user interface is so simple that NAB's CFO even does his own ad hoc analysis directly in TM1. Hudson too just finished a payroll analytics cube, is in the middle of designing incentive tracking for the bank's arm network and is considering creating credit warehouse.
That's not to shriek that TM1 is perfect. Its response time is degree slower towards the stop of budget season, Hudson said, when TM1 is overloaded with users scrambling to pick up their numbers in under the deadline. He is too disappointed that Cognos is doing away with Applix' concurrent licensing model, which NAB uses, replacing it with role-based licensing. Still, overall Hudson is satisfied with the bank's decision to depart with Applix.
Hudson said he's particularly contented with TM1's ease of utilize and flexibility. He said TM1 can hasten as a standalone program (as it does at NAB) or on the Web, and it can breathe tailored to glimpse and duty enjoy Excel. "That's portion of the handsome thing about TM1," Hudson said, and why it has been such a hit with NAB's 100 or so end-users, who limn every division and department at the bank.
"I haven't had one person shriek they don't enjoy this system, which I cogitate is tremendous," Hudson said. "It has a lot of popularity here, definitely among the executives….People are asking for more and more stuff built on it."
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