Business analytics server RapidAnalytics released at OSBI 2010.
We are happy to invite you to the public release of the RapidAnalytics during the second Open Source Business Intelligence Day (OSBI 2010). Take the chance and learn more about the first open source business analytics solution RapidAnalytics in the beautiful castle "Hambacher Schloss".
Be Ahead on the Knowledge Front
Everybody knows business intelligence (BI). Here, we focus on using a consistent set of metrics to measure past performance and present those measurements to users in order to support them in business planning. Presenting past data is the minimum level necessary for informed decision making and business planning. There are, however, two drawbacks with traditional BI: the retrospective usage of data alone does not deliver insights about expected outcomes and there is hardly any connection between business intelligence and the underlying business processes. In other words: there is no feedback loop and hence also no real-time integration of analysis results into the business processes themself.
Business analytics (BA) closes these gaps and deliver the crucial tools for creating predictive insights as well as for the definition of analysis processes. The main difference between BA and BI certainly is that BA focuses on developing new insights and understanding of business performance based on data and statistical methods (data mining).
"Traditional BI tools like querying, reporting, and OLAP can answer questions such as what happened, how many, or how often. Business analytics can answer questions like why is this happening, what if these trends continue, what will happen next, or what is the best that can happen," summarizes Dr. Ingo Mierswa, CEO of Rapid-I. "Hence, by deploying business analytics solutions like RapidAnalytics, enterprises can stay ahead on the knowledge front."
The following video demonstrates some of the features of the new RapidAnalytics. RapidAnalytics was built around the most widely used data mining solution RapidMiner and adds features like remote execution, scheduled processes, quick web service definitions, and a complete web-based report designer.
"I am convinced that the paradigm change from business intelligence to business analytics is one of the most important improvements in this field during the last years. Today, enterprises more than ever need the possibility of foresighted decision making and the combination of predictive analytics with retrospective reports are the perfect base for that," says Dr. Ingo Mierswa. "Now we are going even a step further: With RapidAnalytics we have the first open source solution for business analytics. And the process-oriented approach of RapidMiner and RapidAnalytics allows the direct and even real-time integration into business processes."
A visit of the OSBI 2010 is recommended for all interested users who want to get a hands-on demonstration of RapidAnalytics. But there is much more: many interesting talks and workshops of our partners Actuate, Ancud, Ingres, Jaspersoft, Jedox, Talend, and Viadee will cover all relevant aspects of open source business intelligence.
More information and the online registration form for the OSBI 2010 can be found at