Albert Einstein once noted, “Not everything that counts can be counted, and not everything that can be counted counts.” His meaning points to the pursuit of hypotheses over the establishment of absolutes. Let’s translate that into the world of budgeting and forecasting, where the process aims to provide insight into things that are difficult to grasp as a business constantly changes.
From Spreadsheets to OLAP Database Analytics Most companies function in the online transaction processing (OLTP) space. The traditional database used primarily for keeping records of financial transactions and sales. The data gathered from these systems are then exported into Excel placed into pivot tables. Employees analyze the tables and place them into sales and financial reports. All useful business information
Corrs Chambers Westgarth has made Jedox an enterprise hub for simplifying planning reporting, and analysis. With complex HR planning and integrated corporate budgeting, rolling forecasts, client profitability and more, Jedox has become an important source of truth for Corrs.
Flexibility, fast deployments, scalability, and lower costs are the main drivers for global organizations to move their business processes and data into the cloud. According to a recent research study conducted by BARC, leading enterprise software industry analyst, and US-based research firm Eckerson Group, this shift of data gravity has resulted in a significant uptick of 50% in cloud Business
When building reports in Jedox, we’re referencing to data and metadata stored in the Jedox OLAP database. In order to get the desired data in your report, either tabular or graphical, we have to define the server/database, the cube and the coordinates. In order to make your report understandable for customers or fellow designers you need to structure your data
For anyone looking for a basic understanding of why Corporate Performance Management and Business Intelligence is increasingly vital to today’s enterprises, we’d recommend this wonderful infographic done by the Master of Science in Computer Information Systems Online Program of Boston University. Here’s a synopsis of what you’ll find there: [...]