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PARSIPPANY, NJ--(Marketwired - Aug 7, 2013) - Revelwood, an IBM Premier company partner and chief in designing and enforcing IBM enterprise Analytics functions, announced today it is the first IBM business companion worldwide to earn IBM Cognos TM1 Gold Accreditation. The company finished this by means of working with tons of of customers on successful IBM Cognos TM1 efficiency administration and analytics functions.
"Revelwood is one of IBM's longest standing partners working with Cognos TM1," talked about Mark Enslin, company Analytics Accreditation application manager, IBM. "This accreditation is a testament to the depth and breadth of Revelwood's expertise in helping their shoppers make the most effective use of IBM Cognos TM1 -- which interprets into better resolution making and measurable enterprise benefits."
The IBM Cognos TM1 Gold Accreditation is a part of IBM's utility practice Accelerator, which became launched in early 2013. This application is designed for IBM business partners to speed up and boost their means to effectively enforce solutions which leverage IBM application. with a purpose to earn this accreditation, Revelwood needed to have 15 practitioners licensed on various facets of Cognos TM1 and had IBM evaluate and validate a go-part of a hit Cognos TM1 deployments Revelwood has delivered to their purchasers.
"This achievement is without delay involving our stringent requirements for Revelwood consultants to have in-depth and arms-on advantage of Cognos TM1," mentioned Ken Wolf, President and CEO, Revelwood. "The usual size of time our consultants have been the usage of Cognos TM1 is 11 years. This deep experience is why Revelwood is able to convey astounding efficiency management and enterprise analytics functions on-time and within finances."
further IBM Awards
The IBM Cognos TM1 Gold Accreditation is just one of a few prestigious honors Revelwood has earned from IBM. Revelwood become awarded the 2013 IBM enterprise Analytics ability Authorization business companion fulfillment Award, which acknowledges IBM company partners who've confirmed excellence in delivering enterprise cost with business Analytics, Predictive Analytics, enterprise content management and tips administration application. Revelwood turned into selected from business companions worldwide who've offered "ingenious options and high-quality client value" for the Revelwood™ BPM Suite, an out-of-the-box implementation accelerator for enterprise financial planning and reporting.
Revelwood also won the 2011 IBM Beacon Award within the incredible enterprise Analytics Innovation class for the Revelwood BPM Suite. Winners of the Beacon Awards are selected from more than 95,000 enterprise companions worldwide via main industry journalists, analysts and executives for 27 award areas.
About Revelwood Revelwood is an IBM Premier company partner offering implementation features, practising and support that bring ease, speed and flexibility to monetary planning and reporting, enterprise intelligence, fiscal governance and sales efficiency administration. Combining IBM Cognos business Analytics application with finest practices and pre-configured, out-of-the-field applications like Revelwood's BPM Suite™ and performance Toolkit™, Revelwood helps corporations to speed up the building and deployment of performance administration options. lots of of successful implementations and confirmed ROI for dozens of Fortune a thousand and mid-market agencies are just a couple of motives companies flip to Revelwood for his or her performance administration needs. more information on Revelwood may also be bought with the aid of touring http://www.revelwood.com or calling 201.984.3030.
Cortell corporate performance management, a company of world-classification, South African-flavoured enterprise BI, planning and consolidation application and services, lately attended an exclusive IBM business partner event – Cognos TM1 "Black Belt" practicing – in Massachusetts, u . s . a ..
The 5 day event, which took location from 19 to 23 July 2010, changed into geared at featuring valued company partners with the most advantageous framework for a hit TM1 and integrated Cognos application deployments.IBM invited suitably expert enterprise partners to the practising direction to share with them new product feature particulars and superior construction recommendations which have resulted from recent enhancements and changes to the TM1 software product.apart from studying superior modelling strategies, technical guidance and choicest practices, discovering new efficiency optimisation innovations, and gaining advantage on surest practice design for significant or high participation purposes, partners taking part within the direction have been also capable of impact the direction of future product tendencies.Says Greg Bogiages, director at Cortell company efficiency management: "we're thrilled to be have been probably the most few companions selected from South Africa to accept the opportunity to attend the "Black Belt" working towards course, and are looking forward to using the beneficial insights we've gained to benefit our purchasers. We strongly trust within the energy of IBM's TM1 answer, and are excited to have participated in the next development section."The route supplied companions with access to TM1 product engineers, product management consultants, product updates and advanced path fabric. IBM additionally inspired companions to make a contribution in a bunch environment – giving examples of their advanced practices and experiences – and ultimately producing a "TM1 method master category".
TM1 is never going anywhere, IBM Cognos maintains -- even if massive Blue hasn't yet ruled out altering its manufacturer.
or not it's been a protracted and unusual road for the venerable TM1 OLAP engine, which has twice changed ownership over the remaining 10 months.
First, in October of 2007, TM1's developer -- the former Applix Inc. -- was acquired through Cognos Inc. under two months later, Cognos was itself acquired with the aid of IBM Corp. seeing that then -- and despite guarantees with the aid of both do appropriate by way of Applix clients and leverage TM1 because the centerpiece of its Cognos financial efficiency management (FPM) platform -- issues went dark on the TM1 entrance.
until this week, it is. today, IBM Cognos introduced a new version 9.four update for TM1, touting the expected performance and value enhancements, along with new internationalization advancements that, officers argue, stem from massive Blue's stewardship of the Cognos and Applix brands.
TM1 is rarely going any place, officials say -- besides the fact that children IBM hasn't yet dominated out changing its company. moreover, notwithstanding IBM Cognos is tough at work incorporating TM1 into its BI and PM products -- a process that contains both integration and reconciliation -- "legacy" Applix purchasers will still be able to purchase the bread-and-butter TM1 OLAP engine, by means of TM1 MidMarket version, which IBM Cognos plans to market to SME kinds.
"We're providing a committed mid-market providing," says Applix veteran Joe Pusztai, now product marketing manager for TM1 with IBM Cognos. "we are very a good deal dedicated to maintaining the capacity to use TM1 in a standalone, all-in-one ability. We're not ever going to make consumers buy application that they don't need."
Pusztai hints that the TM1 company itself could go away: "The TM1 identification may now not definitely raise ahead. We nevertheless have not determined about that, however the precise know-how itself … that [is something] we will continue to raise forward" on a standalone groundwork," he asserts.
TM1 version 9.1 changed into a comparatively mature product when Cognos picked it up ultimate 12 months. on the other hand, Pusztai says, there may be at all times room for improvement. Enter TM1 9.4, which boasts several improvements, starting with a feature (lively kinds) that smacks of the Dynamic Slices ability which Applix delivered in TM1 9.1.
there is a explanation for that, he acknowledges. "That [Dynamic Slices] means has been more advantageous greatly in the 9.four unencumber below a function known as active varieties." Pusztai describes energetic varieties as "conveniently a edition 2.0" update for Dynamic Slices, enhancing upon its predecessor in a number of respects -- e.g., enabling entry by way of TM1 internet customer periods (Dynamic Slices is Excel-most effective), aiding components-based mostly row definitions (Dynamic Slices supports subset-simplest definitions), the use of Excel's native formatting metaphors to convey "lots-more advantageous document formatting, and offering assist for server-facet zero suppression capabilities.
This remaining is a large improvement over Dynamic Slices, which first pushed information right down to the client before filtering it. This led to considerable bloat, Pusztai maintains. "we'd send all the data down the wire after which the client would filter it, as adversarial to what we're doing now, [which is] suppressing it on the server, in order that that statistics certainly not goes down the wire," he explains.
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Cortell Corporate Performance Management, a provider of world-class, South African-flavoured enterprise BI, planning and consolidation software and services, recently attended an exclusive IBM Business Partner event – Cognos TM1 "Black Belt" training – in Massachusetts, USA.
The five day event, which took place from 19 to 23 July 2010, was geared at providing valued business partners with the best framework for successful TM1 and integrated Cognos software deployments.IBM invited suitably skilled business partners to the training course to share with them new product feature details and advanced development techniques that have resulted from recent enhancements and changes to the TM1 software product.Aside from learning advanced modelling methods, technical tips and best practices, discovering new performance optimisation techniques, and gaining knowledge on best practice design for large or high participation applications, partners participating in the course were also able to influence the direction of future product developments.Says Greg Bogiages, director at Cortell Corporate Performance Management: "We are thrilled to be have been one of the few partners selected from South Africa to be given the opportunity to attend the "Black Belt" training course, and are looking forward to using the valuable insights we have gained to benefit our customers. We strongly believe in the power of IBM's TM1 solution, and are excited to have participated in the next development phase."The course provided partners with access to TM1 product engineers, product management experts, product updates and advanced course material. IBM also encouraged partners to contribute in a group environment – giving examples of their advanced practices and experiences – and ultimately producing a "TM1 technique master class".
IBM has multiple software business intelligence products including Cognos Analytics (formerly Cognos Business Intelligence), Cognos TM1, Cognos Express, and Cognos Disclosure Management. IBM Cognos Business Intelligence front-end can connect to SAP for HANA integration from IBM Cognos 10.2.1.9 onwards through JDBC data source connectivity (IBM, n.d.). Established in 1966, Jabil Circuit, Inc is one of the largest electronic components manufacturing services corporations covering a wide-range of business areas such as supply chain management, electronic circuits, design engineering, logistics, telecommunications, and semiconductor components for computing. GE is one of the largest customers for Jabil Circuit (Universe, n.d.).
Background of the problem
Corporations need last mile data analytics on their financial operations. After performing procurement of materials, production of finished goods, inventory management, supply chain management, creating sales orders, deliveries, transportation management, advanced shipping notifications, shipping, handling units management, invoice creation, finally the company has to perform the financial close taking the refined data from the disparate data sources of the aforementioned business processes. In an Enterprise Resource Planning system, all of the above business processes are unified in one database with a structured format. However, corporations conducting the business transactions in multiple database systems and spreadsheets will have to spend a number of hours to compile the data to consolidate the general ledger postings, cash flow, and funds flow (Srilu, 2013).
The data that comes into Excel spreadsheets may not have validation system to check the input of the values except checking numeric, alphanumeric combinations. There is no typical pre-defined configuration set up in Excel Spreadsheet migrated from another system. This can create complications for a corporation to consolidate and migrate the data from Excel spreadsheets into financial statements for each month end. Excel spreadsheets can drastically slow down the business growth and the revenues of the enterprise. If the company cannot visualize the earnings and regional breakdown of the key performance indicators, they will not be able to predict the growth plan for the next quarter or next month. This can impact supply chain operations, advanced planning optimization, and supplier network collaboration, supplier network planning. In the end, the corporation will suffer losses. Jabil was plagued by these fundamental problems to close the finance of the corporations on time (Thomson, 2012).
Jabil implemented IBM Business Analytics, IBM Cognos Business Intelligence, IBM Cognos Business Viewpoint, IBM Cognos Controller, and IBM Cognos TM1 to overcome the financial close conundrums. IBM Business Analytics contains a bevy of analytics solutions for corporations.
Intelligent and Intuitive Analytics
Jabil implemented IBM Cognos Analytics, the right arm of IBM Business Analytics Business Intelligence Analytics. The solution from Cognos Analytics offers the financial business teams to create the analytics reports on their own. They can access the data points from BI Analytics through multiple sources, and with simple drag and drop techniques they can build the self-serviceable reports. Business teams can access IBM Cognos even when they are mobile or running browser-based tools on the Internet. Streamlined workflow provides various notifications for the corporation teams to action their specific tasks (IBM, n.d.).
Enterprise Key Performance Indicators
IBM Enterprise Performance Management provides the insights to measure the performance of the enterprise in entirety by bridging the gaps found between the supply chain management operations and the financial closing of the corporate books. It provides options to build advanced planning for the organization to incorporate techniques to project the trends of the data into the future by observing the historical patterns of the data in each business group. This provides forecasting for supply chain operations to manufacture the products into the market for various segments and customers. Companies that can observe the premonitory watch alerts notifications and trends can set the pace for business growth for every quarter to turn the data insights into revenues. EPM also can monitor the project plans built with specific financial budgets for a bevy of a portfolio of project solutions spanning several products to establish a data-driven organization. The scorecards of EPM also shows the areas where the legal and regulatory requirements for the enterprises in preparing the financial statements (IBM, n.d.).
IBM Prescriptive Analytics performs diagnosis on the corporation overall performance with strategic management techniques. The diagnosis leads to providing recommended options to describe, observe, report, and act. Business workflow optimization drives automation of some decisions. C-Level executives can manage the enterprise-oriented decisions. These decisions can potentially arise on reviewing the brand loyalty of the customers related to specific products for either launching a new product or improve an existing product in the organization. The prescriptive analysis also can tap into the localization of the events organized by the business catering a bevy of local markets (IBM, n.d.).
IBM Business Intelligence provides predictive analytics for performing last mile data mining analytics by wrangling the data with exploratory techniques to understand the business perspectives from various key performance indicators of business processes spawning from procuring the raw materials through financial close. Corporations need insights to plan at least 18 months ahead of their advanced planning optimization for supply chain management processes. This can be achieved through several forecasting models and applied statistical methods on the data and glean the data through text-based analytics to create trend-based models for the future. This helps to predict and forecast the number of products to launch on the commercial shelves for each retailer in the market with who Jabil is conducting the business transactions. Primarily, Jabil manufactures electronic components to assemble various electronic devices, telecommunication, and network equipment. This requires granularity of the market trends and the predictive analytics also can hook up to connect to R language for leveraging any additional statistical packages. IBM’s Apache Spark can perform the analytics in-memory in contrast to Apache Hadoop that puts IBM ahead of the pack on file-based systems. Integration of Apache Spark with IBM predictive analytics and R can boost the system further (IBM, n.d.).
Governance, Compliance, and Risk Management
Corporations performing businesses across the globe need to meet regulatory compliance requirements when trading with other countries. The risks can arise from the tax laws or customs duties levied by other countries across the globe. To balance the trade risks, the business transactions conducted in the enterprise resource planning system or through multiple database systems need to be audited. IBM has the analytics solutions for managing the risk. The risk management analytics will scan through the database of the corporation and find out the risks involved through real-time analytics for understanding the ever-increasing risks in the transactions (IBM, n.d.).
Though, Jabil implemented not all the above solutions. However, a majority of the IBM Analytics solutions were implemented. The benefits derived by Jabil through IBM Analytics solutions provided extraordinary insights to achieve the operational excellence for financial close and manufacturing plants to run their business efficiently. The solution can be applied to several other industries that are in the manufacturing of semiconductor, high-tech, telecommunications, storage devices, and network equipment. The manufacturing process involves a particular process model to prepare the integrated design of the circuits and chips. The master data management built by Jabil through their analytics, and enterprise performance management to monitor the key performance indicators can be applied to various other industries that are under a similar category. The success of Jabil can be a potential opportunity for rest of the industries in that segment to follow based on the requirements analysis and implementation of Jabil.
IBM (n.d.). Cognos Analytics. Retrieved November 9, 2015, from http://www.ibm.com/analytics/us/en/technology/products/cognos-analytics/
IBM (n.d.). Cognos Business Intelligence 10.2.1. Retrieved December 28, 2015, from http://www-969.ibm.com/software/reports/compatibility/clarity-reports/report/html/prereqsForProduct?deliverableId=1330380859450#!
IBM (n.d.). Enterprise performance management. Retrieved November 9, 2015, from http://www-03.ibm.com/software/products/en/category/performance-management
IBM (n.d.). Predictive Analytics. Retrieved November 10, 2015, from http://www.ibm.com/analytics/us/en/technology/predictive-analytics/
IBM (n.d.). Prescriptive analytics. Retrieved November 9, 2015, from http://www-03.ibm.com/software/products/en/category/prescriptive-analytics
IBM (n.d.). Risk management. Retrieved November 10, 2015, from http://www.ibm.com/analytics/us/en/business/risk-management.html
Srilu (2013). SAP modules overview and business processes. Retrieved November 9, 2015, from http://www.slideshare.net/srilu999/sap-modules-overview-and-business-processes
Thomson, S. (2012). IBM Analytics Gives Jabil Better Insight Into Financial Performance. Retrieved November 9, 2015, from http://www-03.ibm.com/software/businesscasestudies/us/en/corp?synkey=M525334P42483U27
Universe, F. (n.d.). Jabil Circuit, Inc. History. Retrieved November 9, 2015, from http://www.fundinguniverse.com/company-histories/jabil-circuit-inc-history/
NewsIBM To Acquire Cognos for $5 Billion
More to the point, Big Blue’s move effectively eliminates the last of the big BI pure-play vendors. Along with competitors Hyperion Solutions Corp. (acquired by Oracle Corp. earlier this year) and Business Objects SA (acquired by SAP AG last month), Cognos was among the largest and most visible of BI and PM players. Its acquisition by IBM means that a private giant -- SAS Institute Inc., which started out primarily as a purveyor of data mining and statistical analysis tools -- is now the largest independent BI and PM player.
The move raises a number of questions -- starting with the fate of Cognos’ client tools, from ReportNet to PowerPlay to inherited technologies such as the former Celequest dashboard and appliance technology (which Cognos acquired earlier this year). What will happen to the Applix TM1 OLAP technology and its associated assets (which Cognos picked up just two months ago)?
Given Big Blue’s traditional middleware-heavy emphasis -- and even allowing for its extremely liberal understanding of what exactly constitutes middleware (e.g., its DB2 database) -- the Cognos client tools face an uncertain future. Not so for the underlying technologies that support them, however. IBM officials talked up the importance of Cognos’ reporting and analytic capabilities, touting their "synergy" with Big Blue’s existing data-integration and content-management assets. In this scheme, Cognos’ back-end reporting and analytic technologies will join a teeming universe of IBM middleware technologies.
"[We are] providing business intelligence [solutions] that touch on many applications and many sources of data. We see [technologies such as] BI and master data management … as being horizontal. It is very much horizontal technology that cuts across all types of applications," said Steve Mills, IBM senior vice president and group executive for the IBM Software Group, in a teleconference.
IBM and Cognos officials declined to say just how long the acquisition has been percolating, citing regulatory restrictions. Given the statements that Cognos officials made just last month in the wake of SAP’s acquisition of Business Objects, it probably hasn’t been in the works for very long.
At the time, Cognos talked up SAP’s move as a windfall that helped recast it as the unqualified Last of the Big BI Vendors.
"The acquisition … presents a great opportunity for Cognos and validates the market vision we laid out more than six years ago -- to be the leading independent provider of performance management solutions for customers," said Mychelle Mollot, vice president of market strategy and strategic communications with Cognos. "Our single focus on performance management will enable us to innovate and respond to the changing needs customers better and faster than any other vendor out there."
Cognos’ Mollot also cited research from Goldman Sachs -- the same research that Cognos touted after Oracle’s purchase of Hyperion -- which found that more than 60 percent of CIOs preferred to purchase their BI solutions from an independent vendor, not an application or database vendor.
"We welcome the removal of a competitor who was committed, as we still are, to being an independent player and giving customers equal access to their entire infrastructure, applications and data sources," she said.
In Monday’s conference call, Cognos' CEO Rob Ashe acknowledged this about-face.
"When this all began, the company was not for sale," he said. "We didn’t feel a great need to go and sell ourselves as a result of [the Business Objects] acquisition. In fact, we saw a great opportunity because of the dislocation in the marketplace."
Motives Behind the MoveWhat should we make of IBM’s acquisition? If nothing else, industry-watchers stress, it opens up a myriad of new questions.
"For years, IBM representatives have stressed that the products the Information Management group builds and buys are focused on the infrastructure level, despite an occasional foray into applications or tools that resemble applications," said Philip Russom, senior manager at TDWI Research.
No matter how IBM chooses to spin it, Russom stressed, Cognos is an applications company.
"The Cognos acquisition clearly steps across the line in a big way, so it begs the question: Is this an exception to the infrastructure rule or is this a whole new rule? If it’s a new rule, the list of possible acquisitions we can expect from IBM just got a whole lot longer," he said.
What will become of Cognos’ BI client assets? Russom thinks IBM will do right by Cognos customers. After all, he points out, Big Blue has considerable experience maintaining and supporting legacy tools -- both its own and those it has acquired and/or inherited.
"People forget that Cognos still maintains its original, non-BI product called PowerHouse, which by now is a hoary and warted legacy, along with recent BI legacies like Impromptu and PowerPlay," he observed. "A few more legacies shouldn’t be a problem for IBM, which has long experience maintaining an elephant graveyard of products. Just look at the legacy databases IBM got by acquiring Informix in 2001, and, of course, the mainframe is one of the largest annuity businesses in the world of computing."
It’s with respect to OLAP that the acquisition is potentially most fraught with questions. Two years ago, IBM stopped reselling its DB2 OLAP Server (an OEM-ed -- and substantially modified -- version of Hyperion Essbase). Just recently, Big Blue announced new OLAP functionality (based on technology it acquired three years ago from the former AlphaBlox) for its DB2 Warehouse offering.
Cognos, too, manages a collection of OLAP technologies, from its own homegrown PowerPlay and ReportNet technologies to the TM1 in-memory OLAP engine it acquired from Applix. How IBM manages and reconciles these OLAP assets will bear watching, according to Russom.
"As with other BI-related acquisitions, this one involves a considerable product redundancy concerning OLAP," he said. "The redundancy is inevitable because there are multiple approaches to OLAP, and these are often embedded in multiple products of various types. For example, OLAP capabilities are available from Cognos ReportNet, Cognos Now!, and TM1, an OLAP engine recently acquired from Applix. Likewise, IBM resold Hyperion Essbase for years -- which is similar to TM1 -- but switched to the OLAP capabilities of AlphaBlox, which are now embedded in DB2 9.5. Redundancy of this type always confuses the newly merged customer base, so IBM will need to differentiate these clearly."
A Long Time ComingIn the final analysis, said Wayne Eckerson, director of TDWI Research, this acquisition has been a long time coming.
"This was the one [acquisition] people thought would happen all along," he said. "I think for many of the others, we were a little bit surprised in the industry. This is not a surprise, because IBM and Cognos have partnered for a long time together. Cognos is the one BI vendor that’s implemented its architecture on SOA principles more than the others."
Eckerson added that Cognos’ SOA underpinnings helped make it more integration friendly. "However, that doesn’t explain why they spent $5 billion for Cognos at this particular point in time," he said.
When considering what accounts for the accelerated pace of consolidation over the last 12 months alone, Eckerson favors a domino theory explanation.
"The leading BI players -- Oracle, IBM, SAP, and Microsoft -- and the companies that they’ve acquired represent two dozen or more companies that were standalone companies prior to [this round of consolidation]," he observed. "I think the BI vendors have seen for a long time that the ERP vendors and the big database vendors were going to come into this space, so they want to bulk up to prepare themselves which they did … through acquisitions. Ultimately, once one of them went and had a partner with big, deep pockets, they all had to go, so it’s kind of a domino effect."
Stephen Swoyer is a contributing editor for Enterprise Systems. He can be reached at firstname.lastname@example.org.
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