Financial Data Warehouse

Sponsored Links

Oracle launched a new data warehouse built specifically for financial services businesses, a release that one IDC analyst says could be part of a coming wave of industry-specific releases from technology vendors.

Unveiled Thursday, Oracle Financial Services Data Warehouse features tools and integration capabilities for companies in the business of money management. Capabilities included in the warehouse are based on more than a decade of domain and data model experience with top financial companies, Oracle stated in a news release.

Oracle Financial Services Data Warehouse comes with a pre-built data model for simplified ETL, unified infrastructure to run analytics, contextual data quality checks to spot inconsistencies across ledgers and books, and high-volume, cross-functional computations often required for financial regulations and stress tests. The warehouse also leverages Oracle’s Exadata Database for analytical scenarios.

S. Ramakrishnan, Oracle financial services analytical applications group manager, said in a statement on the release that the speed and context of financial business requires a niche warehouse to avoid users from being hampered by “indiscriminate, tedious capture and stewardship” of data.

Henry Morris, analyst with consultant group IDC, says Oracle’s new warehouse is on cue with analyst predictions of an increase in rollouts of data access products and appliances for different areas of business. Morris says that this approach saves time and effort in getting data straight in the analytics area, and that there might be more of these releases coming.

“By providing an integrated data model … Oracle addresses this need in a manner that is industry-specific. This approach would add value to Exadata and increase its attractiveness to buyers in this industry,” says Morris.

Article Source:
Justin Kern,http://www.information-management.com/news/data_warehouse_business_intelligence_analytics_Oracle-10019601-1.html

Business Intelligence System Check Metrics

Sponsored Links

Business intelligence is one of the most important systems are given much attention by employers. When it comes to the deployment of BI, you need to check and align their metrics from top to bottom and even in the functional areas of the organization. While this can be very tie consuming for you, you are guaranteed that you will have a long and successful career in the business world.

Currently the executive management of each company are in need get the latest information so that they will be bale to make the right decision. This is why you should check the metrics that you can obtain benefits such as less risky situation, revenues, decrease costs and repair costs over a large operational control. As we all know, today's business world driven by technology and very fast paced. Thus, only those who are nimble and competitive will to survive here. This is why many organizations are struggling to compete with the growing volume of data they must deal with every day. With business intelligence systems, they will be able to handle information and get people who are secure, more personal and up to date.

business intelligence can help companies understand and define a large volume of data so that they will be able to get through their wise decision. Bi help management to take advantage of changes in order for them to create a competitive advantage and achieve corporate objectives. On the other hand, business metrics allow managers to demonstrate their best practices by observing the process, employees, customers and finance. With the pieces of information, it's easier to make decisions faster.

For business intelligence system that will be used properly and correctly, there is a need for alignment between business metrics. We all want to add value to the business units within our department and we can do this through the BI. However, most of us would only think about the areas of finance and other departments that generate revenue for the company. Of course, this is not true and therefore there is a need to change the thinking process.

Traditionally the area in a business that created the metric is the department of human resources, sales, marketing and finance. However, if you will deliver value to your organization, there is a need for you to align the metrics from top to bottom. Business metrics can be a powerful tool if you know how to use it. They can help facilitate the company's leaders to employees. However, there is a need for you to regularly check the metric so that you will have the ability to change the metric in accordance with the latest trends in your business so it can adapt well to the never-ending struggle or challenge in the organization.

Reference:
[1]http://EzineArticles.com/?expert=Sam_Miller