By Takin Babaei-Oracle on Sep 15, 2015
Joseph Thamas ( view the original post on LinkedIn)
Senior Director, Global Market Development, Cloud Analytics
How can Big Data fuel the process of innovation? Structured analysis helps us answer known questions, but sometimes those questions don’t lead us to new opportunity or root cause. That’s where Big Data Analytics comes in – it opens the window to innovation. Answers to new questions and clues to new business opportunities probably exist somewhere in the massive amount of information that’s being generated. What’s needed is an engine to help the new explorers – business people – to intuitively engage with data and conduct discovery, working in the way that they think. We are on the cusp of these new solutions now – the window is open.
Joe Thomas – Sr. Director, Global Business Analytics Product Group
In a recent survey, 86% of companies stated that they had no formal analytics function in their HCM department. I found this both frightening and stunning. Compensation and benefits are a sizable operating expense for any company, but for a services based organization, it might be the highest single expense. No CFO would allow individual cost-center managers to make cash flow or treasury decisions, yet these same managers regularly make critical compensation, recruitment and retention decisions without a strategic analytical framework.
HCM is the “Supply Chain” of all service-based organizations, and a critical component of any organization. The same rigor that is placed on the finance department in terms of cash flow or investments, or on operations for product defect rates or product profitability must be brought into and delivered by the HCM function. Simple reporting on headcount or turnover is not enough. Analysis of the entire HCM “supply chain” of “Hire to Retire” is critical in today’s competitive environment. Stop focusing on headcount reports in Excel, and start thinking about how to optimize “revenue by employee by product and geography over time”. It needs to start with you.
Release 18.104.22.168.1 of Oracle Business Intelligence Applications OBIA @AlexAnvari www.linkedin.com/in/alexanvari
There is an enterprise analogy to nature’s cycle where every molecule of water passes through a cloud. Your information also flows like water and it will end up in a cloud at some point in a cycle. Information too is everywhere and it can gather into glaciers (long range mega storage data-warehouse), as a river overflowing the banks (and budgets or capacity to consume) and on premises (in a water tower) for near term requirements.
Information naturally will cycle through both cloud and on premise sources and uses. Experts say every piece of enterprise information will pass through a cloud (outsourced computing environment) at some point because of superior economics, security, agility and innovation. You may process (HR, Financial, Supply Chain, Production, Sales, Procurement) transactions in-house or in the cloud or, even more likely, in a hybrid ever-changing fashion. For sure, just like water, transactions will be communicated, transported, stored, analyzed, reported or consumed with some cloud involved somewhere in the cycle.
Oracle Business Intelligence (BI) Applications 22.214.171.124.1 is now available on the Oracle Software Delivery Cloud, and on the Oracle BI Applications OTN page. This release is certified with the latest version of Oracle BI Foundation 126.96.36.199. This new release of Oracle Business Intelligence Applications adds:
1. New support for Oracle Cloud Application Sources to enable Hybrid Analytics from on-premise and cloud Applications
2. Expanded functional content coverage across existing Oracle BI Applications
New Oracle Cloud Application Sources for Hybrid Analytics
· With the continued move to the Cloud, Oracle BI Applications has introduced support for the following Oracle Application Cloud sources: Oracle Sales Cloud, Oracle HCM Cloud, Oracle Financial Cloud, Oracle Procurement Cloud, and Oracle Project Cloud.
New Content Enhancements: Additional content improves existing Oracle BI Applications including:
· Oracle Financial Analytics provides a new Essbase GL Balances model for improved EBS Financial Service Generator (FSG) Reporting and Hierarchy navigation, including support of ragged hierarchies for GL segment dimensions.
· Oracle Project Analytics expands project-based insight with new Construction in Process (CIP) support, providing visibility for Project Stakeholders into in-progress costs, expensed costs since project inception and across organizations.
· Oracle Procurement and Spend Analytics delivers new capabilities for Fusion Procurement, including Supply Chain Financial orchestration, negotiation and award approvals, and Buyer assignment controls.
· Oracle Supply Chain & Order Management Analytics introduces new Inventory module support for PeopleSoft, including visibility into inventory balances, aging, transactions and valuation.
· Oracle Student Information Analytics provides new subject area coverage for Student Financials Billing Summary and Transactions, with visibility to billing and transaction information by student or external organization.
· Oracle Human Resources Analytics expands analysis on HR programs and workforce performance for Fusion HCM with support of Talent Management Analysis.
· Oracle Sales Analytics introduces new subject areas for Activity Analytics, with support for Activity contact, resource and sales subject areas from Fusion Sales
Join Oracle and IDC as they kick off the Cloud Platform Online
Forum on January 28 at 10:00am PT with a keynote led by IDC analyst Robert
Mahowald. Also, hear product experts talk about Oracle PaaS solutions including
Oracle BI Cloud Service.Attendees will learn how to rapidly build, deploy,
manage, and secure rich applications while using an integrated cloud platform
built on the industry’s #1 Database and Application Server.
Don't miss the opportunity to take advantage of 20+
sessions including the Oracle BI Cloud Service session below, as well as a
handful of demos and 100+ tips and techniques for planning your PaaS adoption
Unlocking the Power of Business Analytics in Oracle Cloud
Gaining access to enterprise-ready business intelligence just
got easier. With Oracle Business Intelligence Cloud Service, departments are
just a few clicks away from self-service reports and dashboards. Understand how
Oracle BI Cloud Service fosters a new partnership between IT and business users
to ensure that both parties are getting what they need from their business
intelligence platform – from security and reliability, to simplicity and
managing your own insights. Come to this session to learn more about this exciting
new Oracle offering.
2014 was a busy year for Oracle Business Analytics. Here is a look at Oracle Business Analytics top 10 moments in 2014 (in no particular order):
10. Oracle Lays out the Top 10 Big Data and Analytics Trends in 2014: Oracle surveyed hundreds of IT decision makers to learn about their big data and analytics plans for 2014—both within the Oracle customer base and the industry at large. Respondents provided specific feedback on mobile BI, cloud, Hadoop, data discovery, predictive analytics, and decision optimization technologies and practices. From this extensive data set we compiled the following trends: click here.
9. Why 2015 Will Be Year of Big Data: Oracle's Seven Predictions: Neil Mendelson, Oracle's vice president of Big Data and Advanced Analytics, is immersed in this sector each day at his office in Redwood Shores, Calif. In a conversation with eWEEK, he offered readers some insight into what the company is thinking—and how big data trends will be evolving—as we all move into 2015. click here
8. The Intelligence Guy Video Series Makes its Debut: In this series we explore important business issues that can be addressed using Big Data and Analytics. click here
7. Customers Talk About the Benefits of Oracle BI Solutions at Collaborate 2014: Hear InterRel, Ameren, Hess Corp, Acadia Healthcare, University of California Berkeley, The City of Atlanta, ADP, and others talk about how they have achieved real business results with Oracle Business Analytics solutions. click here
6. Oracle BI Applications Deliver Greater Insight Into Talent and Procurement: To empower organizations to achieve greater visibility into their business performance and to execute with greater agility, Oracle has announced the latest release of Oracle Business Intelligence (BI) Applications. With new ways to seamlessly analyze procurement data and a new module for analyzing talent, Oracle continues to extend the opportunity for organizations to gain insight from a range of data sources and applications. click here
5. Oracle Extends Big Data Portfolio with Oracle Big Data SQL: To address organizations' need for comprehensive big data solutions, Oracle introduced Oracle Big Data SQL, an essential part of a big data management system. Breaking down data silos to simplify information access and discovery, the offering allows customers to run one SQL query across Hadoop, NoSQL, and Oracle Database, minimizing data movement while increasing performance and virtually eliminating data silos. click here
4. Oracle Announces Exalytics In-Memory Machine X4-4: The latest refresh of Oracle Exalytics In-Memory Machine, an engineered system for business analytics, includes Intel Xeon processors customized for Oracle business analytics workloads, supporting 50 percent faster clock speed, 50 percent more processing cores and 50 percent more memory compared to the previous generation. click here
3. Oracle Repeats as BI and Analytics Leader in Gartner MQ: For the 8th consecutive year, Oracle is a Leader in Gartner’s Magic Quadrant for Business Intelligence and Analytics Platform. Gartner declares that “the BI and analytics platform market is in the middle of an accelerated transformation from Business Intelligence (BI) systems used primarily for measurement and reporting to those that also support analysis, prediction, forecasting and optimization.” click here
2. Oracle Introduces Oracle Analytics Cloud: Oracle announced Oracle Analytics Cloud, a comprehensive portfolio of analytics offerings built for the cloud; deployed in the cloud; and enabling data analysis for cloud, on-premises, traditional, and big data sources. click here
1. Oracle Delivers Big Data Analytics in the Cloud: Oracle has introduced Oracle Business Intelligence Cloud Service (Oracle BI Cloud Service), a part of Oracle Analytics Cloud, which offers the most comprehensive analytics cloud suite on the planet. With built-in mobile capabilities. click here
Oracle OpenWorld 2014 is about to roll out the red carpets on September 28th when we take over the city of San Francisco for five days. Business Analytics has a fantastic showing this year with over 130 EPM, BI, Analytics and Big Data sessions delivered by Oracle, our customers and partners. We’ll also have 7 Hands-On Labs, 28+ demo pods dedicated to Business Analytics products, and 30+ partners exhibiting their solutions.
So what’s hot in the Business Analytics program at OpenWorld? Here are some of the “must see” sessions at this year’s conference:
Monday, September 29th, be sure to catch the Oracle Business Analytics Executive Briefing led by SVP of Product Development, Balaji Yelamanchili. Find out what’s new and where we are heading with EPM, BI, Big Data and Analytics. Balaji is also leading Oracle’s Big Data Strategy—Unified Data Management and Analytics on Wednesday, October 1st, presenting all the exciting and innovative capabilities available today and coming soon.
For a deeper dive into Big Data, on Monday, September 29, Neil Mendelson and Paul Sonderegger will lead Oracle Big Data: Strategy and Roadmap to get us up to speed on the rapid advances in big data. Also, Chris Lynskey, Ryan Stark, and Omri Traub of Oracle will lead the presentation New Innovations in Big Data Analytics the same day.
What’s new in BI and Cloud? Judging by the lineup of presentations available – PLENTY. Don’t miss Matt Bedin, Alan Lee, and Raghuram Venkatasubramanian of Oracle present Oracle BI Cloud Service Overview and Roadmap on Monday, September 29, and catch Jack Berkowitz as he presents What’s Next for Oracle Business Intelligence Applications? A Sneak Peek at the Roadmap on Tuesday, September 30th.
The EPM and Cloud presentation lineup is also impressive. Watch for the General Session: Executive Briefing on Oracle’s EPM Strategy and Roadmap by Balaji Yelamanchili on Monday, September 29th to find out what’s going on and what’s coming soon. If you have more questions, be sure to attend the Product Development Panel Q&A: Oracle Hyperion EPM Applications and get them answered by our experts on Wednesday, October 1st.
By guest bloggers Alex Anvari and Mike Bollinger
HR and finance executives agree on many people and performance-related issues according to a survey of HR and finance executives by Towers Watson and Forbes Insight.
The top areas of joint activity, according to the survey were, setting annual budgets for reward programs (cited by 46 percent of finance and 62 percent of HR), determining changes to reward programs (43 percent finance and 42 percent HR), and setting reward strategy (39 percent finance and 41 percent HR). Other important areas like overall workforce strategy (35 percent finance and 23 percent HR) or talent management (32 percent finance and 20 percent HR) saw considerably less collaboration, however. That last set seems low to us and an opportunity for further improvement.[Read More]
Business Intelligence (BI) Applications 188.8.131.52.1 is now available on the Oracle Software Delivery Cloud (eDelivery), and on the Oracle
BI Applications OTN page. This
is the second major release on the 11g code line leveraging the power of ODI,
and certified with the latest version of Oracle BI Foundation 184.108.40.206
This new release of Oracle Business Intelligence Applications 11g adds:
1. Prebuilt Connector for Oracle Procurement and Spend Analytics with Oracle JD Edwards
2. Expanded functional content coverage across existing Oracle BI Applications
3. New utilities and enhancements to increase productivity and further drive down Total Cost of Ownership (TCO)
New Prebuilt Connector for BI Applications
New Content Enhancements: Significant expansion of content improves existing Oracle BI Applications
New Utilities and Enhancements to increase productivity and drive down TCO
Paul covered several more aspects of Oracle’s Data Relationship Governance in the podcast, including sad alternatives (like email or spreadsheets) to a robust solution and convinced me that DRG really is “workflow in a bottle”.
To listen to the entire podcast, click here.
For the 8th consecutive year, Oracle is a Leader in Gartner’s Magic Quadrant for Business Intelligence and Analytics Platform. Gartner declares that “the BI and analytics platform market is in the middle of an accelerated transformation from Business Intelligence (BI) systems used primarily for measurement and reporting to those that also support analysis, prediction, forecasting and optimization.” Oracle offers all these wide-ranging capabilities across Business Intelligence Foundation Suite, Advanced Analytics and Real-Time Decisions.
“The race is on to fill the gap in governed data discovery,” professes Gartner. In this year’s MQ, all the Leaders have been moved “westward,” to the left, to open up white space in the future for vendors who address “governed data discovery” platforms that address both business users’ requirements for ease of use and enterprises’ IT-driven requirements, like security, data quality, and scalability. Although in Gartner’s view no single vendor provides governed data discovery today, Oracle Endeca Information Discovery 3.1, which became available in November 2013 after Gartner conducted the MQ report, is a complete enterprise data discovery platform that combines information of any type, from any source, empowering business user independence in balance with IT governance. Users can mash-up personal data along with IT-provisioned data into easy to use visualizations to explore what matters most to them. IT can manage the platform to meet data quality, scalability and security requirements. Users can benefit from additional subject areas and metadata provided by integration with Oracle BI.
Gartner additionally cites other Oracle strengths such as more than 80 packaged BI Analytic Applications that include pre-built data models, ETL scripts, reports, and dashboards, along with best practice, cross-functional analytics that span dozens of business roles and industries. Lastly, Oracle’s large, global network of BI application partners, implementation consultants, and customer install base provide a collaborative environment to grow and innovate with BI and analytics. Gartner also cites the large uptake in Oracle BI Mobile enabling business users to develop and deliver content on the go.
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