Analytics Section of INFORMS NewsAnalytics Section salutes award winners
The Analytics Section of INFORMS hosted a recognition breakfast for those who won awards and competitions sponsored by the Section at the recent INFORMS Business Analytics & Operations Research Conference in Huntington Beach, Calif.Read More
CAP NewsApplications for the 2015 Wagner Prize due May 1
Applications for the 2015 Wagner Prize, including a two-page abstract, are due May 1. The prestigious practice prize rewards professionals who devise innovative analytical methods, utilize those methods in a verifiably successful O.R./analytics project, and describe their work in a clear, well-written paper. Any work presented in an INFORMS section or society practice-oriented competition is eligible as long as the work did not result in a published paper.Read More
Industry NewsFrontline Systems releases Solver SDK Platform V2015
Frontline Systems is shipping Solver SDK Platform V2015, a major new release of its popular analytics Software Development Kit, and releasing a “production” version of its new RASON modeling language and REST API at https://rason.com. Application developers can use these tools to extend any server-based, browser-based or mobile application to deliver analytic results, using the full range of optimization and simulation methods.Read More
Gartner: Nearly one-third of organizations to use cloud
Nearly one-third of organizations either already use or plan to use cloud or software-as-a-service (SaaS) offerings to augment their core business intelligence (BI) functions, according to Gartner, Inc.
According to a survey of 1,364 IT managers and business users of BI platforms in the fourth quarter of 2011, only 17 percent of organizations have replaced or plan to replace parts of their core BI functions with cloud/SaaS offerings. However, 27 percent already use or plan to use cloud/SaaS options to augment their BI capabilities for specific lines of business or subject areas in the next 12 months.
“Business users are often frustrated by the deployment cycles, costs, complicated upgrade processes and IT infrastructures demanded by on-premises BI solutions,” says James Richardson, research director at Gartner. “SaaS- and cloud-based BI is perceived as offering a quicker, potentially lower-cost and easier-to-deploy alternative, though this has yet to be proven. It’s evident that, despite growing interest, the market is confused about what cloud/SaaS BI and analytics are and what they can deliver.”
Gartner has identified three major drivers for the adoption of cloud/SaaS offerings for BI, analytics and performance management:
Time to value: The use of SaaS BI may lead to faster deployment, insight and value, particularly where IT is constrained by existing work and/or limited budget so that it cannot respond to demands for information and analysis as quickly as the business requires.
Cost concerns: The cost dynamic differs between on-premises and SaaS models. Software purchased as a service can usually be expensed, rather than capitalized, on the balance sheet. Buyers often think that SaaS is cheaper, but the reality is that this is unproven. Gartner's cost models show SaaS can be cheaper over the first five years, but not thereafter. The long-term benefits lie elsewhere – in terms of cash flow, reduced IT support costs, etc.
Lack of available expertise: SaaS analytic applications offer prebuilt intellectual property that can help firms work around a lack of the skills needed to build their own analytic solutions.