 "IBM Expands Information Mgmt Software Portfolio")
During the IBM Information on Demand Conference yesterday, the company announced a global expansion of its Information on Demand strategy with the addition of new software and services designed to derive new intelligence from business information. To support this effort, IBM is expanding its Information Management capabilities and providing industry specific, analytic applications in the areas of financial performance, human capital management and customer management. Additionally, IBM will add professionals to work closely with customers on advanced business information projects.
New Technology and Services To Help Clients Capture Critical Business Information
The new offerings provide industry-specific, information-intensive analytic applications. These solutions go beyond business intelligence to help clients plan, analyse and manage performance in real time as information is being fed in massive amounts from different sources.
IBM financial performance analytics applications can consolidate information from disparate financial data sources such as general ledger, accounts receivable, accounts payable and inventory into standard reporting formats, arming managers with insights into key analysis areas such as planning and performance effectiveness, receivables and payable risk, cash management, and invoice activity.
New Industry-Specific Solutions
IBM Industry Models for Financial Services
New industry models help financial services organisations use deep expertise and industry best practices to support regulatory and compliance requirements. New models now support new rules from the Securities and Exchange Commission, International Financial Reporting Standards and International Accounting Standards.
InfoSphere Clinical Analytics for Healthcare Providers
This analytics software integrates healthcare information from a variety of sources, helping providers improve the quality of care and efficiency of treatment to their patients. By tapping into clinical, operational and financial systems, including billing, lab, pharmacy and electronic medical record systems it can gather large amounts of patient information from different healthcare organisations, departments and physicians to create insights into best practices. For example, it can be used on a hospital-wide basis to identify the forms of treatment that are working best among large groups of patients with similar symptoms, the drug combinations or therapies that are most effective, or identifying trends and best practices among caregivers.
Analytics for Life Sciences, Financial Services and Government Sector
To help financial services and other industries monitor and analyse complex relationships to better anticipate change, new statistical analysis capabilities from PASW Statistics, the statistical software suite from SPSS, will be embedded into upcoming versions of Cognos BI and Performance Management software. This helps organisations obtain deeper insight into business performance by spotting trends and anomalies in key products, programs, services and the processes that govern them. These findings can be widely disseminated throughout the organisation for better decision-making.
“One of the foremost issues facing enterprises today is the waste, inaccuracy and volume of missed opportunities that stem from information overload,” said Ambuj Goyal, general manager, information management, IBM Software Group. “Enterprises are handling more information than ever before, but are actually using less of that information for strategic insight since it is often difficult to effectively capture and manage.”