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INTERACTIVE DASHBOARDS CRITICAL TO PERFORMANCE VISIBILITY ACCORDING TO HYPERION SURVEY
Solutions 2005 Conference Attendees Reinforce Key Role Business Intelligence Plays in Fueling Enterprise Planning and Business Performance Management
NEW ORLEANS and SANTA CLARA, Calif., April 13, 2005 – Interactive dashboards that enable business users to identify problems—and crucially, determine the reasons for those problems—are critical to achieving performance visibility, according to a survey of nearly 500 participants attending Hyperion’s Solutions 2005 conference in New Orleans. More than 95 percent of respondents said interactive dashboards with drill-through capabilities are “very important” or “somewhat important” to determine the root causes behind data variances. The survey results also show that respondents view Business Intelligence software, such as management reporting and analysis, as key to fueling overall Business Performance Management.
Interactive dashboards are increasingly becoming a “must have” for companies committed to high performance. Easy-to-use and personalize interactive dashboards offer an unparalleled ability for even novice users to drill deep into source data to find the root cause of a problem or variance. Hyperion dashboards are fueled by the Hyperion Business Intelligence Platform, a unique solution that seamlessly integrates management reporting with advanced analytics to help users understand both the “what” and “why” behind business problems.
According to the survey, 62 percent of respondents say they are focusing on issues such as planning, budgeting and forecasting, as a top priority. More than 74 percent of respondents also say management reporting, analysis and other Business Intelligence tools are “extremely important” to solving these issues.
Solutions 2005 featured a Business Performance Management Workshop in which attendees were invited to drive their own interactive dashboards. Sponsored by HP, the workshop drew more than 1,000 conference attendees during the event. The workshop featured individual computer stations that allowed customers to walk through several pressing business scenarios and drill down into data using Hyperion interactive dashboards.
“The ability to quickly drill down into data, regardless of the source, and build an actionable strategy is critical for every enterprise. Hyperion is the only Business Performance Management company that can provide such insight through customizable, interactive dashboards,” said Rich Clayton, vice president of product marketing for Hyperion. “The results of this survey support what we and our customers have known all along—interactive dashboards are critical to true performance visibility.”
The survey also showed that nearly 74 percent of respondents believe Business Intelligence has moved beyond finance. According to the survey results, Business Intelligence is increasingly leveraged by line of business executives to drive better planning and forecasting.
Survey responses were evenly drawn from IT and finance departments. The Solutions 2005 conference, held April 10 – 13, is the world’s premier event for Business Performance Management. The Solutions conference attracted more than 4,000 customers and partners.
Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 10,000 customers – including 91 of the Fortune 100 – rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading Business Intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the company’s innovative and specialized solutions and services.
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Santa Clara, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol HYSL. . For more information, please visit www.hyperion.com <http://www.hyperion.com> /uk, e-mail firstname.lastname@example.org or call 01784 228015.
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