We’re residing in the age of the unexpected. The pandemic, regulatory changes, economic questions, and human resource and supply chain challenges are just some disruptions that have impacted organizations. Disruptions will continue to surface unexpectedly, leaving broad and lasting impacts on organizations and their ecosystems—increased pressure to create intelligent decisions faster and often against moving target results.
Most organizations understand the worthiness of making decisions based on data insights rather than experience or intuition alone. However, organizations that successfully navigate the unexpected and win will do much more than make data-driven decisions. These organizations will focus on how insights are framed, created, marketed, consumed, and stored for reuse.
What is IBM Business Analytics?
IBM is helping clients successfully navigate the age of the unexpected with IBM Business Analytics, an enterprise-grade, trusted, scalable, and integrated analytics solution portfolio. It streamlines and extends enterprise reporting, self-service analysis, and planning strategies across the corporation to empower teams to predict and shape future outcomes.
With the brand new IBM Business Analytics Enterprise, we’re bundling Planning Analytics with Watson, Cognos Analytics with Watson, and the brand new Analytics Content Hub. This enables a single entry point for planning, budgeting, forecasting, dashboarding, and reporting. Now you aren’t just deteriorating departmental and data silos but analytic silos.
The capabilities of bundled business analytics
Planning Analytics with Watson addresses integrated business planning in comprehensive planning and analysis (xP&A), including FP&A, HR, S&OP, Marketing, and Project/IT planning; Oahu is the only planning analytics solution on the market that excels in all aspects of continuous, integrated, predictive, and prescriptive planning.
Next, IBM Cognos Analytics with Watson is a trusted AI co-pilot for business decision-makers who wish to improve the impact of the business function by empowering every user to show data into insights and rapidly make business decisions. IBM is the only natural partner that could plan at the speed of your organization and for the integrity of one’s environment, increasing accuracy and consistency with AI and prescriptive analytics capabilities you can trust.
And last but not least, we’ll showcase the brand new IBM Analytics Content Hub in Business Analytics Enterprise, which is made to break up organizational analytic silos and assist you in delivering your entire analytics capabilities to your teams.
The advantages of business analytics
Lately, review site G2 named Planning Analytics a “Leader” in their Fall 2022 report and Cognos Analytics a “Top 50 Analytics and AI” product for 2022. TrustRadius awarded Planning Analytics and Cognos Analytics a “Top Rated” designation. Over the last couple of years, many companies shared their feedback, leading to the most improvements in the consumer experience, AI innovations, and deployment possibilities today.
Organizations use analytics and AI to boost decision-making that drives competitive advantage. Consider food packaging leader Novolex, who’d to adapt their planning cycles through the COVID-19 pandemic. As shared in the event study, Violeta Nedelcu, Supply Chain Director at Novolex, states, “Instead of taking weeks, the organization may now process data within a couple of hours, taking two days for analysis, discussion, and review, and provide clarity on the available capacity to proceed with new products and to guide the current market.” Overall, Novolex was able to visit an 83% decrease in forecasting processing times.
With business analytics, organizations in all industries can experience the power of faster, better planning and analysis with data-driven precision. We look to continue helping organizations achieve successful implementations across their analytics cycle. As such, exciting new updates to the business analytics solution portfolio are coming within the next month.
Register today for our Business Analytics launch event on October 25th to listen to the brand new Business Analytics Enterprise, including new deployment options and capabilities.