Showing posts with label analytics. Show all posts
Showing posts with label analytics. Show all posts
Wednesday, May 15, 2013
Monday, July 23, 2012
Orient & Commercial Bank Uses IBM Analytics to Accelerate Move Into Retail Banking
Press release:
Orient & Commercial Bank Uses IBM Analytics to Accelerate Move Into Retail Banking
Ho Chi Minh City - 23 Jul 2012: Orient & Commercial Bank (OCB) today announced it has selected IBM (NYSE: IBM) analytics as its core information management technologies to handle customer, business, and financial data as it transitions from a multifunction to a retail bank. The technologies will help the bank establish a customer-centric approach to retail banking and reach its goal of transforming into a top 10 leading Joint Stock bank in Vietnam by 2015.
Growing demand from Vietnamese citizens for new banking products and services has created a challenge for the country’s banking industry to keep up with growing volumes of data. OCB’s acceleration into retail banking amplified this challenge, and the bank turned to IBM for help to capture, analyze, and capitalize on massive volumes of data. The bank chose IBM analytics over competing technologies to accommodate this growth and streamline their IT system to create efficiency.
“OCB aims to utilize the strength of IT in customer service, management, operation, business performance to enhance service quality and optimize customer satisfaction, and we have recognized the need to build a new information management strategy with high efficiency that meets the requirements of analytics, adequate investment cost and simple operation”, said Mr. Doan Quoc Long, OCB General Manager.
With the implementation, OCB’s business units and branches nationwide will have a unified data warehouse and can automatically retrieve and collect data from discrete and separate sources. As a result, the bank can now consolidate business reports and shorten the process from days to minutes. IBM and OCB plan to implement the new technologies at OCB headquarter as well as nationwide branch offices starting in September.
The solution includes IBM Netezza data warehouse appliances and IBM Cognos Business Analytics software, IBM InfoSphere Data Stage solution, IBM Banking Datawarehouse Model and software services for banking data warehouse model. In addition, IBM will also provide OCB with consulting services.
IBM Netezza data warehouse appliances bring analytics directly into the hands of business users within every department of an organization such as sales, marketing, product development and human resources. Recently introduced to Vietnamese market, OCB will be the first bank in Ho Chi Minh to deploy IBM Netezza. It includes database, server and storage, “packaged” into a single device, which gives data warehouse solution advantages to OCB such as short deployment period (install and deploy within 24 hours), high scalability (user data capacity can reach petabytes) with minimal requirements for IT skills, human resources and administration, and affordable investment cost.
“To achieve smarter banking, financial institutions must adopt predictive analytics and advanced modelling tools to understand customer and business trends from both structured, and increasingly, unstructured data," said Mr. Vo Tan Long, General Manager of IBM Vietnam. "When banks analyze better their business data, they can turn that into intelligence and more precise decision-making. The real challenge and opportunity is turning information into real-time insight. IBM is committed to bring global experiences and specialized experiences in the banking industry to support OCB in its business growth and enhanced competitiveness,” he said.
Friday, July 20, 2012
IBM Helps Altyntau Resources Find Gold in Kazakhstan
Press release:
IBM Helps Altyntau Resources Find Gold in Kazakhstan
Kazakh Gold Producer to Improve Gold Yield with IBM Business Analytics
Armonk, N.Y. - 20 Jul 2012: IBM (NYSE: IBM) has announced that it is working with JSC Altyntau Resources, a leading gold producer in Kazakhstan, to provide a new business analytics system to help the company to improve gold yields and increase the profitability of its operations.
The new system will enable the gold producer to centralize and quickly analyze data about its mining operations. It includes a dashboard of important information enabling the company’s management team to make informed decisions about which ore to mine and which extraction processes to use to achieve the best return on investment. Once the project is complete, JSC Altyntau Resources will be able to speed up its annual financial planning cycle from two months to two weeks and ensure that investors are kept informed on the company’s operations and forecasts.
JSC Altyntau Resources runs several mines in Kazakhstan, including the large Vasilkovskoye gold ore deposit near the city of Kokshetau in the north of the country. Though the deposit was first mined in the 1960s, production had to be abandoned at various times over the years due to the relatively low grade of the ore – only of 2.2 grams of gold per tonne. However, the construction of a new gold recovery plant in 2009 and the recent deployment of modern technologies have led once again to full-scale, commercial production. Today, Vasilkovskoye is one of the largest gold mines in the world.
“From the very moment of our company’s inception, we set ourselves the goal of becoming industry leaders by using the latest technologies and approaches to increase gold yields, decrease operational expenses and ensure maximum profitability,” said Kazhibekov Ilyas, Head of Planning and Financial Analysis at JSC Altyntau Resources. “IBM’s business analytics technologies will give us the ability to quickly react to changes in gold production and make informed decisions about our mining operations.”
Kazakhstan, Central Asia's largest economy, is home to 4 percent of world gold deposits making it the seventh largest reserve in the world. The Kazakh government plans to increase gold production to 70 tonnes by 2015 – from 16.6 tonnes in 2011. However, it is estimated that only 40 percent of Kazakhstan’s gold reserves is economically exploitable using current extraction technology, placing pressure on gold mining companies to use the latesttechnologies to achieve maximum yield.
“Business analytics systems help leaders understand and draw valuable insights from the data within their organizations,” said Adam Dosymov, Head of IBM in Kazakhstan. “In the highly-competitive gold mining industry this is crucial for effective cost management and informed decision making. It can mean the difference between whether your operations are commercially viable or not.”
The implementation of the new system based on IBM Cognos software will take place over several phases managed by IBM’s local business partner GMCS. The first phase covers the company’s financial planning processes in accordance with International Financial Reporting Standards including assets, liabilities, income, expense accounting and investments. The next stage will include HR department planning and labor costs.
JSC Altyntau Resources was established in 2011 and employs over 4,200 people in gold mining and production. The Gold Recovery Plant at the Vasilkovskoye deposit is the biggest gold mining asset of the company constructed in accordance with world standards. The plant is capable of processing up to 8 million tonnes of ore and producing 550-650 koz of gold per annum.
IBM has a branch office in the city of Almaty in Kazakhstan. IBM recently announced the opening of 10 new branch offices across Russia and the Commonwealth of Independent States (CIS) as part of a major initiative to capture regional business growth and increase its presence in the fastest growing markets in the world. The move is part of an incremental investment of $6 million that IBM will make in 2012 in the Russia and CIS region to expand its operations and increase its footprint to 22 offices. IBM will also double its staff in the Russian regions and strengthen its business partner network across Russia/CIS to over 4,000 partners this year. IBM currently has branches in the following cities in the region: Moscow, St. Petersburg, Rostov-on-Don, Kazan, Yekaterinburg, Perm, Krasnoyarsk, Novosibirsk, Ufa, Khabarovsk, Tyumen, Chelyabinsk, Nizhniy Novgorod, Samara, Krasnodar, Kiev (Ukraine), Dnipropetrovsk (Ukraine), Kharkiv (Ukraine), Donetsk (Ukraine), Almaty (Kazakhstan), Tashkent (Uzbekistan).
ABOUT JSC Altyntau Resources
For more information about JSC Altyntau Resources, please visit: www.altyntau.com
ABOUT IBM
For more information on IBM, please visit: http://www-03.ibm.com/press/us/en/index.wss
For more information on IBM Growth Markets please visit: https://twitter.com/#IBMGrowthMkts
Wednesday, July 18, 2012
Banks and Venture Capital Firms Focus on the Digital Frontier at New York’s 2012 FinTech Innovation Lab Demo Day
Press release:
July 18, 2012
Banks and Venture Capital Firms Focus on the Digital Frontier
at New York’s 2012 FinTech Innovation Lab Demo Day
IT innovations include intelligence-grade fraud detection and gaming tools for bank compliance training
NEW YORK; July 18, 2012 – ‘Big data’ and analytics took center stage at the second annual FinTech Innovation Lab Demo Day in New York City today, as a select group of entrepreneurs supported by Wall Street leaders and venture capitalists provided a glimpse into the financial industry’s technology innovation and investment priorities. The graduates from this year’s FinTech Innovation Lab who presented included BillGuard, Centrifuge Systems, Digital Reasoning, EidoSearch, True Office and Visible Market.
The six entrepreneurs demonstrated their solutions to dozens of financial industry, venture capital and technology executives, following a 12-week mentorship program with executives from the world’s leading banks and venture firms. The Lab was created by the New York City Investment Fund, the economic development arm of the Partnership for New York City, and Accenture (NYSE: ACN) to help sustain and grow New York City’s role as the global leader in financial services and to support job creation in its technology sector. This year’s Demo Day was held at the Credit Suisse headquarters in Manhattan.
“New York City has continued to expand its role as the center for financial technology innovation, and the second year of our program has attracted companies from all over the country to our city,” said Maria Gotsch, President & CEO of the New York City Investment Fund. “This year’s class is on the pathway to becoming the next generation of successful financial technology entrepreneurs in New York City. Each has been mentored by top executives in financial services as well as successful financial technology entrepreneurs. The result has been the creation of in-demand commercial products that will have significant impact in the marketplace.”
“American Express is pleased to support the FinTech Innovation Lab, which has proven to be an effective vehicle to connect large financial services firms with entrepreneurial technology companies.” said Kenneth I. Chenault, Chairman and CEO, American Express Company and Co-Chairman, Partnership for New York City. “We are able to support the growth of the next generation of fintech entrepreneurs in New York City, while getting an inside look at cutting edge technology.”
The 2012 FinTech Innovation Lab class was selected in March from a large field of early and growth stage companies that applied to participate. The firms were evaluated and advised by chief technology officers from the world's leading financial services firms, including American Express, Bank of America, Barclays, Capital One, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and UBS. This year’s Lab provided workshops and panels led by top financial and technology industry executives, including American Express Chairman and CEO Kenneth I. Chenault, CA Technologies CEO William E. McCracken and Infor CEO Charles E. Phillips. Participating venture firms included Contour Venture Partners, New York City Investment Fund, Rho Ventures, RRE Ventures, Village Ventures and Warburg Pincus.
The Digital Frontier at Center Stage
Today’s demos in New York reflect the financial industry’s growing emphasis on ‘big data’ solutions – managing and deriving value from the terabytes and petabytes of raw, unstructured data that proliferates on social and mobile networks and the vast IT infrastructures of financial institutions.
Innovations developed by this year’s class include advanced analytic technologies designed to help banks identify risks and fight financial fraud. Lab participants also developed analytic search tools and mobile applications designed to reduce market ‘information overload’ and help investors better visualize market trends. One participant developed mobile gaming tools for regulatory compliance training to better address the modern needs of the workforce.
“The world’s leading financial institutions understand that mastering ‘big data’ is critical to their success,” said Bob Gach, global managing director of Capital Markets at Accenture. “Information is the lifeblood of financial services. As we enter a new age of big data and the proliferation of social and mobile networks, banks will need to leverage emerging analytical technologies and learn from the critical lessons of other industries, such as intelligence and defense. Big data and analytics will play a central role in helping institutions reduce risk, identify growth opportunities and rebuild profits. We’re proud to be part of this knowledge-transfer occurring at the Lab.”
According to International Data Corporation (IDC), the market for big data technology and services is expected to grow from $3.2 billion in 2010 to $16.9 billion in 2015. The amount of digital information created globally in 2005 was less than two-tenths of a zettabyte; in 2020 the world is expected to produce more than 34 zettabytes of digital information, according to IDC.
2012 FinTech Innovation Lab Participants:
- BillGuard is an online bill monitoring and resolution management provider, serving consumers, merchants and the financial services community. Through patent-pending big-data analytics and advanced crowdsourcing techniques, BillGuard alerts debit and credit card holders to deceptive, erroneous and unauthorized charges and facilitates both in-statement P2P knowledge sharing and direct-to-merchant online billing dispute resolution. In 2011, the company was recognized by TechCrunch as the Top New Startup Runner-up worldwide and was most recently inducted into the Online Banking Report Hall of Fame as one of the top online banking innovations of all time.
- Centrifuge enables customers across industries to dramatically improve discovery time and significantly reduce the cost and risk of fraud and security threats. Centrifuge’s unique approach to big data analytics combines agile data integration, dynamic relationship mapping, and scalable interactive visualizations to reveal hidden patterns and relationships while minimizing the cost of data transformations or expensive data scientists. Centrifuge patent-pending technology was invented in partnership with the US Intelligence agencies and has been deployed to thousands of analysts to help identify and address security and cyber threats.
- Digital Reasoning develops and markets solutions that provide ‘automated understanding’ for big data. Digital Reasoning was founded with the vision that software should be able to ‘read’ and understand text as humans do – in context. This vision is realized in the flagship solution Synthesys, an application-ready platform for making sense of unstructured data at scale. Digital Reasoning currently serves a number of US Government agencies and is applying its technology in the Financial Services sector to protect banks and their customers.
- EidoSearch is a powerful search and discovery tool for financial professionals. In an environment of shifting relationships, it is important to quickly test ideas as they arise. EidoSearch allows financial professionals to generate new trade ideas and discover relationships spontaneously, by using the data itself as the search query. The platform is a SaaS product and integrates with third party software and databases through the EidoSearch API.
- True Office creates data-rich, mobile games that help companies reduce risk and save money, transforming mandatory compliance training into a fun, intelligible and quantifiable experience. Squarely in line with key enterprise trends such as tablet and smartphone usage, mobile apps, cloud services and 'decision' analytics, True Office designs and delivers products for a contemporary, mobile workforce.
- Visible Market's software products deconstruct the blizzard of daily market data via powerful mobile visualization screens. StockTouch, Visible Market’s initial product, is a dynamic, tactile map of the market for iPad, iPhone and Mac. Over 25,000 users spend more than half a million minutes a month on StockTouch. One fluid zoomable interface displays 1,400 companies, enabling users to view markets contextually as they unfold. StockTouch was recognized as the #1 iPad Finance App by Apple’s Rewind 2011.
“Barclays is committed to supporting the FinTech Innovation Lab, which is uniquely positioned to foster economic growth and technical innovation for both New York City and financial services,” said Joseph Squeri, Chief Information Officer for Barclays Corporate and Investment Banking, Wealth and Investment Management. “Through the Lab's sponsorship, financial service firms are helping develop jobs and opportunities in New York City so that entrepreneurs can to turn their next great idea into business reality. This year's FinTech Lab participants demonstrate how innovation helps drive local employment and economic development.”
“The FinTech Innovation Lab is a great opportunity for us to explore new, ground breaking technologies that will help drive our innovation agenda,” said Monique Shivanandan, Chief Technology Officer, Capital One. “I look forward to seeing what these entrepreneurs have to offer, and continuing to nurture promising technologies.”
“Citi has supported the FinTech Innovation Lab since the program’s inception,” said Steve Randich, Co-Chief Information Officer, Citi and Co-CIO, Institutional Clients Groups. “A program that connects industry leaders with entrepreneurs who push the boundaries through continued innovation is beneficial not just for Citi, but for the entire financial services community.”
“Credit Suisse is pleased to support the FinTech Innovation Lab as part of our ongoing strategy to deliver the most technically innovative solutions to our clients,” said Nigel Faulkner, CIO, Investment Banking at Credit Suisse. “We've been very impressed with the products this year's finalists have developed and look forward to working with them further as the program continues to grow. The improved access provided by being local to us here in New York is beneficial and naturally supports New York City's economic development goals.”
“Participation on the FinTech Innovation Lab program gives us a unique opportunity to look at promising new technologies and to support its mission of fostering technology innovation in New York City,” said Robert Torop, director, Deutsche Bank Securities, Inc.
“The results of this year’s competition leave no doubt that innovation around big data is a serious focus for the financial services industry,” said JPMorgan Chase Chief Information Officer Guy Chiarello. “The ideas presented by this group of participants offer a window into technology innovation for big data and analytics that will help firms find the value in the huge amounts of data they work with on a daily basis.”
“Morgan Stanley is proud to participate in the FinTech Innovation Lab and continue our long standing commitment to innovation in financial technologies,” said Stephen Sparkes, CIO for Technology and Information Risk at Morgan Stanley. “We have been impressed by the quality of this exciting program and the companies that it attracts, and we appreciate the opportunity to support leading-edge development in New York City.”
“Ensuring that data and analytics are accessible across the enterprise has not only permeated many financial services organizations, but is also challenging the industry to think differently about how we approach IT,” said Chris Perretta, Executive Vice President and Chief Information Officer at State Street. “We are pleased to continue our support for the FinTech Innovation Lab at an exciting juncture for IT professionals in our industry.”
“The scale and scope of the changes that ‘big data’ brings about have reached an inflection point,” said UBS Group CTO Andy Brown. “Financial Services companies capture trillions of bytes of information about markets, clients, trades and operations. Several of the companies in this year's FinTech Innovation Lab class enable analysis of information in real time, which presents an opportunity to create unprecedented business advantage, and enables sophisticated questions to be answered quickly, redefining the art of the possible.”
“We are delighted to see that the FinTech Innovation Lab is ramping up in New York City and further contributing to the rise of the entrepreneurship and startup culture already well-established within the new media sector,” said Habib Kairouz, managing partner from Rho Capital Partners.
“The FinTech Innovation Lab has been a major contributor to the fast growing entrepreneurial sector in New York,” said James Robinson III, Co-Founder & General Partner, RRE Ventures. “One of its most valuable contributions is connecting senior business and IT managers of large financial organizations with entrepreneurs and their companies. This interaction has led to an iterative process between the two as they match priority needs with product design.”
About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with more than 249,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$25.5 billion for the fiscal year ended Aug. 31, 2011. Its home page is www.accenture.com.
About The New York City Investment Fund
The New York City Investment Fund (www.nycif.org) is the vision of Henry R. Kravis, founding partner of Kohlberg Kravis Roberts & Co., who serves as its Founding Chairman. The Investment Fund has raised over $110 million to mobilize the city's world financial and business leaders to help build a stronger and more diversified local economy. It has built a network of top experts from the investment and corporate communities who help identify and support New York City's most promising entrepreneurs in both the for-profit and not-for-profit sectors. The Fund is governed by a Board of Directors co-chaired by Russell L. Carson, General Partner of Welsh, Carson, Anderson & Stowe; and Richard M. Cashin, Managing Partner of One Equity Partners. The Investment Fund is an affiliate of the Partnership for New York City (www.pfnyc.org), an organization of the leaders of New York City's top corporate, investment, and entrepreneurial firms. They work in partnership with city and state government officials, labor groups, and the nonprofit sector to promote the interest of the city and its neighborhoods. The Partnership carries out research, policy formulation, and issue advocacy at the city, state, and federal levels, leveraging the resources and expertise of its CEO and Corporate partners. Partnership companies account for nearly 7 million American jobs and contribute over $740 billion to the national GDP.
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Monday, July 16, 2012
Oracle Health Sciences Translational Research Center to Support Cancer Research UK’s Development of Targeted Cancer Therapies
Oracle Press Release
Oracle Health Sciences Translational Research Center to Support Cancer Research UK’s Development of Targeted Cancer Therapies
New Analytics Environment to Deliver Insight Required for Targeted Treatments
Redwood Shores, Calif. – July 16, 2012
News Facts
To support its vision of beating cancer in the United Kingdom, Cancer Research UK, the world’s largest not-for-profit cancer research organization, will be working with Oracle Health Sciences Translational Research Center as the foundation for a new analytical environment that will help the charity combine the genetic and clinical data from its Stratified Medicine Programme.
Together with AstraZeneca, Pfizer and the UK government's Technology Strategy Board, Cancer Research UK is working to demonstrate a national service that will provide standardized, high-quality and cost-effective genetic testing of tumors linked to clinical data. This system has already tested two thousand tumors from patients across 24 clinical sites, and set up data capture covering diagnostics, genetics, treatment and outcomes.
Cancer Research UK will use Cohort Explorer which is part of the Oracle Health Sciences Translational Research Center to create a flexible, web-accessible analytical platform and interface that enables program affiliates to effectively and rapidly search and retrieve anonymized diagnostic, treatment and outcome data to accelerate research.
The platform will enable researchers and physicians to gain the insight needed to identify patient populations with similar characteristics and advance personalized cancer treatments.
Supporting Quotes
“Our new analytical platform, which we are building with Oracle Health Sciences Translational Research Center, is an exciting addition to the future of our Stratified Medicine Programme and its goal of combining genetic testing of tumors with clinical data capture to determine more effective treatment,” said Monica Jones, Enterprise Architect and Informatics Lead, Cancer Research UK’s Stratified Medicine Programme.
“Organizations committed to advancing medical science require powerful analytical solutions to reveal insight that was previously locked away at the molecular level,” said Neil de Crescenzo, senior vice president and general manager, Oracle Health Sciences. “Oracle Health Sciences Translational Research Center provides a robust foundation for Cancer Research UK’s analytical environment that will enable it to extend genetic testing of tumors and ultimately advance the development of more targeted and effective treatments.”
Supporting Resources
About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com.
About Oracle in Industries
Oracle industry solutions leverage the company’s best-in-class portfolio of products to address complex business processes relevant to health sciences, helping speed time to market, reduce costs, and gain a competitive edge.
About Cancer Research UK
Cancer Research UK is the world’s leading cancer charity dedicated to saving lives through research
The charity’s groundbreaking work into the prevention, diagnosis and treatment of cancer has helped save millions of lives. This work is funded entirely by the public.
Cancer Research UK has been at the heart of the progress that has already seen survival rates in the UK double in the last forty years.
Cancer Research UK supports research into all aspects of cancer through the work of over 4,000 scientists, doctors and nurses.
Together with its partners and supporters, Cancer Research UK's vision is to beat cancer.
For further information about Cancer Research UK's work or to find out how to support the charity, please call 0300 123 1861 or visit www.cancerresearchuk.org. Follow us on Twitter andFacebook
Wednesday, July 11, 2012
Oracle Releases Oracle Insurance Solvency II Analytics
Oracle Press Release
Oracle Releases Oracle Insurance Solvency II Analytics
Comprehensive Application Enables Insurers to Streamline Compliance and Gain Greater Insight into Capital Requirements
Redwood Shores, Calif. – July 11, 2012
News Facts
Oracle announced the availability of Oracle Insurance Solvency II Analytics, which can help insurers to quickly understand and comply with Solvency II reporting requirements and better assess and manage risk using a single unified platform.
Solvency II requires insurers to prove to regulators that they have enough capital in reserve to remain solvent. As part of the mandate, insurers must provide visibility into how they manage all solvency-related data, as well as how that information is used and incorporated into reporting – creating significant compliance challenges.
The Oracle Insurance application provides extensive out-of-the-box reports and dashboards designed to cover Solvency II Pillar 2 and 3 requirements, enabling insurers to accelerate compliance with pending European Insurance and Occupational Pensions Authority (EIOPA) deadline of January 2014 and gain the visibility required to improve capital management.
Oracle Insurance Solvency II Analytics is designed for life, non-life, health and re-insurance institutions. It delivers insight into business performance, risk profile, technical provision, claims, capital adequacy and other key metrics.
It features ready-to-deploy reports, helping enable insurers to comply with Solvency Financial and Condition Reports (SFCR), Report to Supervisors (RSR) and Own Risk and Solvency Assessment (ORSA) requirements
Insurers also have the flexibility to create ad-hoc reports and customized dashboards to meet changing business needs.
The application’s flexible, drill-through functionality enables detailed analysis of capital adequacy and risk results across multiple dimensions – such as solo, group, line of business or legal entity. This can give senior management complete, consistent and multi-dimensional views of various risk and performance measures. Finance and risk officers can also perform "what if" analysis to support better decision-making around their finance and risk portfolios.
Supporting Quote
“Solvency II is putting pressure on European insurers to add a new level of rigor to their finance and risk processes. Oracle Insurance Solvency II Analytics’ extensive reporting and dashboards are designed to cover Solvency II Pillar 2 and 3 requirements, helping insurers to reduce the risk associated with pending deadlines and achieve greater financial results through better management of their capital,” said S. Ramakrishnan, group vice president and general manager, Oracle Financial Services Analytical Applications.
“Decision makers also suggest that selecting a Solvency II system is not just a question of functionality –flexibility is just as important,” said Peyman Mestchian, Managing Partner at Chartis Research. “That means system architecture, ease of integration and an enterprise approach to modeling, analytics and reporting will be important.”
Supporting Resources
About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com
About Oracle in Industries
Oracle industry solutions leverage the company’s best-in-class portfolio of products to address complex business processes relevant to financial services, helping speed time to market, reduce costs, and gain a competitive edge.
IBM powers SHOP.CA’s new Smarter Commerce online marketplace
Cloud analytics software helps make shopping ‘social’
For more, including video, click the link below:
http://www-03.ibm.com/press/us/en/pressrelease/38269.wss
For more, including video, click the link below:
http://www-03.ibm.com/press/us/en/pressrelease/38269.wss
Thursday, June 21, 2012
Accenture Positioned as a Leader in Business Analytics IT Consulting and Systems Integration Services, According to the International Data Corporation (IDC) MarketScape Report
Press release:
June 21, 2012
Accenture Positioned as a Leader in Business Analytics IT Consulting and Systems Integration Services, According to the International Data Corporation (IDC) MarketScape Report
NEW YORK; June 21, 2012 – Accenture (NYSE: ACN) is positioned as a leader in business analytics IT consulting and systems integration services, according to the recently published “IDC MarketScape: Worldwide Business Analytics IT Consulting and Systems Integration Services 2012 Vendor Analysis.”1
The IDC MarketScape report evaluated the business analytics offerings capabilities of 10 information technology consulting and systems integration services providers. The evaluation is based on a comprehensive framework and set of parameters that assesses providers relative to one another and to specific factors that are projected to be the most conducive to success over the short-term and long-term.
“We’re pleased IDC has recognized Accenture’s extensive capabilities in managing, accessing and reporting on data as well as our predictive modeling, forecasting, and statistical analysis experience as key reasons for positioning us as a leader in business analytics in their MarketScape report,” said Narendra Mulani, managing director of Accenture Analytics and Marketing Services. “Accenture is focused on helping its clients harness the power of analytics to drive better outcomes and superior business results, and our designation by IDC as a leader in business analytics is proof that Accenture is helping to deliver a real value for them.”
Accenture and other services providers were assessed across a number of key characteristics identified by IDC as those which contribute to a more successful business analytics services including: quality of manpower; robust infrastructure; alliances; capital knowledge; capability to host the service offering on a SaaS platform; end-to-end capability; and global delivery network.
1 IDC MarketScape: Worldwide Business Analytics IT Consulting and Systems Integration Services 2012 Vendor Analysis, doc #234938, May 2012
About Accenture
Accenture is a global management consulting, technology services and outsourcing company, with approximately 246,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$25.5 billion for the fiscal year ended Aug. 31, 2011. Its home page is www.accenture.com.
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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Tuesday, June 5, 2012
Oracle Buys Collective Intellect
Oracle Press Release
Oracle Buys Collective Intellect
Adds Real-Time Social Monitoring, Analytics and Insight to Oracle’s Social Platform
Redwood Shores, CA – June 5, 2012
News Facts
Oracle announced today that it has entered into an agreement to acquire Collective Intellect. Collective Intellect’s leading cloud-based social intelligence solutions enable organizations to monitor, understand and respond to consumers’ conversations on social media platforms such as Facebook and Twitter.
Collective Intellect’s cloud-based solutions help organizations transform social conversations into actionable intelligence, creating better marketing campaigns, improving customer service, generating more targeted leads and opportunities, and enhancing products and services with real-time customer feedback.
Oracle’s leading sales, marketing, service, commerce, social data management and analytics, combined with Collective Intellect and the recently announced pending acquisition of Vitrue, is expected to create the most advanced and comprehensive social relationship platform.
By integrating Collective Intellect with Oracle’s Software-as-a-Service products and Social Platform, Oracle will enable marketing organizations to create more targeted marketing campaigns; help customer service teams respond quickly to customer feedback on social media; generate targeted leads and opportunities for sales teams; and strengthen how companies build more effective brands using the Internet and social media.
The combination is expected to enable organizations to build stronger relationships with consumers through intelligent understanding of their social conversations and to respond with appropriate action and engagement.
The terms of the agreement were not disclosed. More information on this announcement can be found at http://www.oracle.com/collectiveintellect.
Supporting Quotes
“Gaining intelligence from consumer conversations across social media, and knowing customers’ intentions and interests helps organizations create better products and deliver better service,” said Thomas Kurian, executive vice president, Oracle Development. “Collective Intellect’s leading cloud-based applications for social media monitoring, combined with Oracle’s social relationship platform offers a complete social experience to our customers.”
“Creating meaningful content based on a clear understanding of consumers’ conversations is the way brands will create stronger customer relationships,” said Don Springer, Founder and Chief Strategy Officer, Collective Intellect. “Collective Intellect’s semantic analytics platform provides cutting-edge technology to Oracle that will create a winning combination as brand-to-customer relationships move from transactional to social.”
Supporting Resources
• FAQ
About Oracle
Oracle engineers hardware and software to work together in the cloud and in your data center. For more information about Oracle (NASDAQ:ORCL), visit www.oracle.com.
Wednesday, May 23, 2012
Growing Indian Real Estate Firm BPTP Turns to IBM to Improve Customer Buying Experience
Press release:
Growing Indian Real Estate Firm BPTP Turns to IBM to Improve Customer Buying Experience
Adopts IBM PureSystems to run mission-critical virtualized SAP solution
Bangalore, India - 23 May 2012: IBM (NYSE: IBM) today announced that BPTP Limited, one of the leading Indian real estate companies, has adopted IBM PureSystems to streamline its IT infrastructure and improve the overall home buying experience for its customers.
Established in 2003, BPTP, like India itself, has experienced rapid growth over the last decade. The company utilizes business analytics to match the best properties with its customers. As urban centers around the country have ballooned, so too has BPTP’s storage, processing and overall IT infrastructure. Sustaining and building upon this growth required BPTP to find a better performing computing and storage solution that would enable a virtualized environment and at the same time help address the growing complexities posed by such a virtualized infrastructure.
To meet these challenges, BPTP selected IBM PureSystems for all of its processing and storage requirements. The flexibility, ease of use and scalability of PureSystems made it easy for BPTP to replace its existing infrastructure and create a virtualized solution around its existing SAP environment.
"Our vision for future growth based on an unparalleled home buying experience for our customer, meant that we needed to deploy an IT infrastructure that fundamentally changes the experience and economics of the way we manage our IT,” said Sandeep Bedi, Director of Systems & Strategy, BPTP.
Added Vilakshan Jakhu, Senior Vice President and CIO, BPTP, “We chose IBM PureSystems because it seamlessly brings together all aspects of a traditional IT infrastructure - server, storage and networking components - ready to be managed on the cloud. Most importantly, the Flex Systems Manager ensures a centralized management of the entire IT infrastructure including the network, compute and storage layers.”
PureSystems, introduced in April, is the result of $2 billion in research, development and acquisitions over four years and has been designed to help change the economics of IT, to help organizations reduce IT costs and complexity and put more resources towards innovation and growth. With PureSystems, IBM has taken the unprecedented step of completely integrating all of the technology components – virtualized servers, storage, networking and cloud management software – needed to enable a customer to turn on a private cloud system within minutes. In addition, the highly scaleable PureSystems cloud is delivered with built-in security, with no single point of failure.
“As one of the earliest clients, BPTP’s selection of PureSystems clearly illustrates the real benefits companies can achieve by tightening the integration of hardware and software,” said Alok Ohrie, Vice President – Systems & Technology Group, IBM India South Asia. “By freeing up resources typically committed to infrastructure tasks, BPTP will be able to focus on innovations that can improve their customer experience.”
IBM's systems technology is key to providing the mission-critical SAP solution to BPTP. As part of the solution, IBM will deploy three IBM PureFlex Systems, integrated with up to 240 compute nodes, and three IBM Storwize V7000 System Storage nodes, all of which will help BPTP meet its performance and capacity requirements, as well as provide integrated management of servers, networking, storage and virtualization. The IBM PureFlex Systems also feature open standards based networking switches (IEEE 802.1qbg, Edge Virtual Bridging) and options for using VMware and KVM-based virtualization. Adding to the performance and efficiency gains is the use of IBM Storwize V7000 nodes with their mix of serial-attached SCSI (SAS) and solid state drives (SSD) and IBM Easy Tier technology that automatically moves data to the most strategic storage tier.
BPTP chose to finance the PureSystems solution with IBM Global Financing which assures them a faster ROI and lower ownership risk.
For more information on IBM PureSystems: www.ibm.com/press/pure
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IBM Completes Acquisition of Varicent Software
Press release:
IBM Completes Acquisition of Varicent Software
ARMONK, N.Y. - 23 May 2012: IBM (NYSE: IBM) today announced it has completed the acquisition of Varicent Software Incorporated, a leading provider of analytics software for compensation and sales performance management. Financial terms will not be disclosed.
Varicent's software automates and analyzes data across sales, finance, human resources and IT departments to uncover trends and improve sales performance and operations. The acquisition enhances IBM's Smarter Analytics capabilities across line of business operations in all industries.
"Varicent advances IBM’s efforts to deliver analytics directly into the hands of front line employees, helping them uncover new ways to remain competitive and stay ahead of increasing demand,” said Les Rechan, IBM General Manager, Business Analytics. "The combination of Varicent’s software and IBM's deep analytics expertise delivers a comprehensive approach to managing sales performance, allowing clients to make more informed decisions faster."
Varicent software allows companies across a variety of industries including banking, telecommunications, insurance and retail to facilitate and streamline quota planning, compensation, sales assignments and managing quotas and insights into sales activities. The software is unique, taking what is traditionally a very labor intensive process, and automates and integrates all aspects of sales, client and financial performance management across the enterprise.
Varicent software, combined with IBM's prior acquisitions in business analytics including Algorithmics, Clarity Systems, OpenPages and Cognos, and recent investments in predictive analytics such as SPSS, will provide clients with a broad range of business analytics solutions. These acquisitions are part of IBM's larger focus on analytics, which spans hardware, software, services and research.
The news supports IBM's long-term growth strategy to expand the company’s business analytics and optimization software and services capabilities, an area of IBM's business that is expected to reach $16 billion in revenue by 2015.
Varicent is headquartered in Toronto, Canada with additional operations in North America, EMEA and Asia Pacific. Varicent has more than 180 customers using its software, including Starwood Hotels, Covidien, Dex One, Manpower, Hertz, Office Depot and Farmers. Consistent with its acquisition strategy, IBM will continue to support Varicent clients while allowing them to take advantage of the broader IBM portfolio.
With the closing of this acquisition, approximately 200 Varicent employees will join IBM's Software Group.
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