New Solution Enables Businesses to Predictively Analyze Enterprise, Customer and eBusiness Suite Data, On-Demand
WATERLOO, Ontario, Sept. 9, 2015 /CNW/ -- OpenText™ (NASDAQ: OTEX,TSX: OTC), a global leader in Enterprise Information Management (EIM), today announced OpenText™ Big Data Analytics, an all-in-one advanced analytics solution as a complete cloud service. The new solution allows users to access, blend, explore, and analyze their big data, for a complete view of their customers or operations. Available in the OpenText Cloud, OpenText Big Data Analytics is offered through simple, tiered subscription pricing.
With the growing volume of information flowing in and out of the organization, companies are looking for solutions to extract the value of big data and apply it to their business decisions. Limitations of traditional Business Intelligence tools combined with the scarcity of big data resources has made this a difficult task. New tools are required to simplify this process to enable marketing or financial analysts and other business users to quickly analyze data, without relying on IT. An all-in-one approach, OpenText Big Data Analytics offers high-performance data storage, pre-built algorithms and tailored professional services to allow companies to quickly and easily analyze their data, regardless of the source, and turn insights into competitive advantage.
"Extracting the value from big data has become a necessity in enabling companies to better understand their market and customers, but expensive data scientists or IT resources have been required to mine that data," said OpenText CEO Mark J. Barrenechea. "OpenText Big Data Analytics makes the power of real big data and advanced analytics capabilities accessible to everyday business users in the cloud. OpenText is the only vendor with integrated solutions for both advanced and embedded analytics to help global leaders understand and engage their market and customers."
OpenText Big Data Analytics offers predictive analytics capabilities not offered by traditional Business Intelligence tools. Key features of the new solution include:
- Built-in High-Speed Analytics Columnar Database---Provides 1000x faster performance than traditional RDB solutions
- Built-in Statistical Algorithms—Enables business analysts to easily do profiling, mapping, clustering, forecasting, decision trees and more without programming
- Cloud Availability—Managed cloud service deployment accelerates implementation and reduces the investment in infrastructure and operations
The first of a series of planned Analytics-as-a-Service offerings, OpenText Big Data Analytics extends the EIM vision to include visual data discovery and predictive analytics. The solution brings the power of predictive analytics to businesses of all sizes, including current EIM customers looking to minimize their IT and upfront investment in advanced analytics while delivering the power of big data to everyday business processes and functions.
The solution is immediately available, and pricing ranges from $18,000 per year for 50 million rows of data to $300,000 a year for up to a billion rows of data, as well as customer solutions for unlimited usage beyond a billion rows of data.
OpenText Big Data Analytics is a complete advanced analytics solution, combining advanced analytics software and maintenance with professional and learning services to accelerate big data initiatives. The solution is available as a managed cloud service to offer users complete management within the OpenText cloud. With this new Analytics-as-a-Service offering, the power of big data analytics is now accessible to business users and analysts in marketing, financial, and operational functions, driving a better understanding of customers, markets and operations to deliver more targeted campaigns, create more relevant products and offers and or discover opportunities for performance improvements.
OpenText Big Data Analytics is part of the OpenText Enterprise Information Management (EIM) strategy, enabling organizations to discover and manage information to spur growth and innovation and decrease time to competitive advantage. The platform consists of comprehensive and integrated product suites including Content Suite, Process Suite, Experience Suite, Discovery Suite, Information Exchange, and Analytics.
Register here to see a live demo of the solution.
OpenText enables the digital world by simplifying, transforming, and accelerating enterprise information needs, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX,TSX: OTC) visit opentext.com.
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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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For further information: Robin Lane, OpenText, 1 301-340-4277, [email protected]; Sonya Mehan, Investor Relations, OpenText, 519-888-7111 x2446, [email protected]; Katie Carbone, Weber Shandwick, 1 617-520-7135, [email protected], http://www.OpenText.com