Strong growth logged in data visualization, business solutions, hosting,
and business intelligence
TORONTO, Jan. 23, 2014 /CNW/ - Business analytics leader SAS in 2013 achieved its 38th straight year of record revenue - US$3.02 billion - as organizations
embraced a range of SAS® solutions. Business intelligence revenue spiked on the popularity of
SAS® Visual Analytics, new data visualization software that brings business
threats and opportunities into sharp focus. Revenue growth was
double-digit for cloud solutions that fight fraud and financial crimes,
manage risk, improve customer relationships and help develop safe,
effective new drugs. SAS solutions crunch big data to reveal to
organizations what's working, what isn't, and profitable ways to do
SAS continues to execute on its vision to turn data - wherever it's
from, in whatever form - into priority-shifting insights. "Data is an
asset of growing importance to organizations," said SAS CEO Jim
Goodnight. "The amount of data pouring in is so vast, it's impossible
to analyze quickly enough to make a difference in day-to-day decisions
without a high-performance analytics infrastructure. Over the last two
years we've delivered ground-breaking analytics technology that unlocks
the value in all this data."
REVENUE GROWS ACROSS REGIONS, ALL MAJOR CATEGORIES
Organizations looking to stop fraud fueled a 44 percent jump in sales of
fraud prevention and security intelligence solutions. Revenue from
cloud-based offerings, SAS® Solutions On Demand, jumped 20 percent as pharmaceutical companies
prepared for an onslaught of new regulations, businesses sought to
understand customer preferences and state and local governments worked
to stamp out fraud. Revenue from all industries grew, including an 18
percent increase in the energy and utilities sector, 17 percent in
health care and 16 percent in capital markets.
SAS Canada achieved another successful year increasing software revenue
by 6 per cent over 2012. In addition to strong financial results, the
company was recognized for its exceptional workplace culture, being
ranked No. 6 on The Great Place to Work Institute's Best Workplaces in Canada list. To support its ongoing growth, SAS will continue hiring for the
25th consecutive year, investing in talent in sales and services,
increasing its workforce by more than 9% per cent across the country.
"Our year over year growth is a testament to our success in Canada as
more and more Canadian companies are turning to SAS to realize the
benefits of using analytics to deliver powerful business insights" said
Carl Farrell, President of SAS Canada and Executive Vice President of
SAS Americas. "Big data has become a reality of doing business, honing
our expertise in Big Data technologies such as our industry-leading
High-Performance Analytics and Visual Analytics solutions will be key
drivers for 2014 in addition to continuing to invest in our core
offerings across Analytics, Customer Intelligence, Fraud, Information
Management and Risk."
SAS leads in analytics per IDC and Forrester) and intends to stay out front, providing market-leading high-
performance analytics and other solutions that help organizations of
all sizes - from global enterprises to SMBs (small to medium
businesses) - conduct analyses with ease.
SAS also anticipates continued growth this year in:
Data Management, as companies with huge amounts of data struggle to prepare it for
analysis. More and more companies are adopting the open-source Hadoop framework for data storage and processing. SAS works closely with
partners and customers to help data scientists, business analysts and
executives transform big data into knowledge and bottom-line results.
Data Visualization, which allows everyday users to explore data by simply pointing and
clicking. SAS® Visual Analytics licensed by more than 1,400 sites worldwide, will gain
new functionality in the months ahead.
Industry-Specific Solutions, which address the unique needs of banks, insurers, retailers,
government agencies, manufacturers, energy companies, hospitals,
pharmaceutical companies, telcos, hotels and more. In 2014, SAS will
roll out new and improved solutions to address crucial business needs,
from forecasting power demand, optimizing retail channels and managing
risk to detecting and preventing fraud, retaining customers, and
addressing customer omnichannels and digital marketing needs.
SAS Solutions On Demand, as more companies look to cloud-based solutions to unlock the benefits
of complex analyses. SAS offers 25 products in a cloud-based delivery
model. These include solutions for drug development, education,
anti-money laundering, fraud detection, marketing optimization,
customer intelligence, social media analytics and more.
"The ability to inform intelligent actions via analytics is not a new
idea," said Henry Morris, IDC's Senior Vice President of Worldwide
Software and Services Research. "Forward-thinking organizations have
recognized this, and SAS, with its analytic applications and predictive
technologies, has been a key enabler.
"Now that data volumes have reached or exceeded predicted levels, the
opportunity, as well as the complexity, has increased. With 25 percent
of 2013 revenue reinvested in research and development and leaders with
a track record of anticipating what's next, SAS is equipped to help
organizations across geographies scour big data for fresh
SAS Senior Vice President Jim Davis said that while not every business
has big data, opportunities to grow business can hinge on how well it
explores huge, publicly available data. "Data is everywhere," Davis
said. "It's coming from sources like financial systems, sensors, Web
traffic, wearable devices, social media platforms and open government
databases. Low-cost storage and in-memory computing have converged to
help organizations make proactive choices on many things, from
marketing to product design.
"Organizations that are first to incorporate some of these open data
sources into an existing analytical framework will have an edge over
their competitors," added Davis. "More and more, SAS is the lens
through which business leaders look at data so they can see what's
coming and adjust course."
SAS ADDRESSES SKILLS SHORTAGE FUELED BY DEMAND FOR ANALYTICS
The need to solve complex business problems through analytics is
intensifying demand for software and services. It has also created a
vacuum of talent. A McKinsey Global Institute study projects up to 190,000 unfilled analytics positions in the US by 2018
and a shortage of 1.5 million managers and analysts skilled in big
data. Research by Accenture projected that six major industries in seven countries would add
117,600 anaytics jobs by 2015. Only China is expected to have a talent
surplus. The biggest shortfalls are anticipated in the US, Brazil and
SAS is focused on education to equip the 21st century workforce. SAS supports education through innovative products
and services that improve teaching, learning and administration. In the
U.S. alone, SAS supports 15 master's degree and more than 50
certificate programs in analytics and related fields. New SAS education
initiatives in 2014 will augment those programs to multiply talent.
"We're committed to building the next generation of data-savvy
professionals," Goodnight said. "Anyone who wants a good-paying,
recession-proof skill set should consider a career in analytics."
SAS is the leader in business analytics software and services, and the largest independent vendor in the
business intelligence market. Through innovative solutions, SAS helps
customers at more than 65,000 sites improve performance and deliver
value by making better decisions faster. Since 1976 SAS has been giving
customers around the world THE POWER TO KNOW®.
The Canadian subsidiary of SAS has been in operation since 1988.
Headquartered in Toronto, SAS employs more than 330 people across the
country at its Vancouver, Calgary, Toronto, Ottawa, Quebec City and
Montréal offices. www.sas.com/canada
SAS and all other SAS Institute Inc. product or service names are
registered trademarks or trademarks of SAS Institute Inc. in the USA
and other countries. ® indicates USA registration. Other brand and
product names are trademarks of their respective companies. Copyright
© 2014 SAS Institute Inc. All rights reserved.
SOURCE: SAS Canada
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