Excel4Apps Honors Magnitude with Top Partner Award

Operational reporting for Oracle EBS doesn’t have to be all-consuming. In fact, it can be rather straightforward – even to retrieve real-time data in Excel, still one of the most popular tools for those looking to visualize key operational data and metrics.  The Excel4Apps/Magnitude partnership is all about making that happen effectively, efficiently and in a self-serve manner. With that in mind, and on behalf of the entire Magnitude team, I thank Excel4Apps for recognizing us again this year as a top partner. Receiving a Top Partner Award for a second straight year attests to how well-received our combined product offering is in the marketplace

Reports Wand with Magnitude NoetixViews helps users quickly deploy operational reporting from Excel. The Magnitude/Excel4Apps solution brings over 1,000 pre-built NoetixViews that provide access to complex Oracle E-Business Suite (EBS) data tables.

Check out the detail for yourself: Retrieve Real-time Data in Excel to Meet all your Reporting needs

Metadata and machine learning in data governance

Developments to watch: Metadata and machine learning in data governance

A theme that emerged from this year’s Gartner Data & Analytics Summit is that the future of data governance is evolving from a centralized compliance-focused strategy to one where decision-making is being democratized across the organization. According to Gartner, by 2020, 50 percent of information governance initiatives will be enacted with policies based on metadata alone.

So how does metadata apply to the democratization of decision-making? Consider the potential of machine learning for improving data governance processes. Read more

The Future of AI & the Office of Finance

The Future of AI & the Office of Finance: How can the bar be raised with forward-looking indicators?

A new study released by Tata Consultancy finds that a majority of companies see artificial intelligence (AI) as “essential” to competitiveness with widespread adoption expected across job functions by 2020 in areas such as finance.

With finance leaders serving as the data stewards at many companies, we see a transformation of the Office of Finance. The promise of AI, cloud adoption, new technologies and the trend towards self-service has also influenced the evolution of the CFO role. They are becoming more of a strategic leader. CFOs now spend more time optimizing the business and less time on finance administration. A recent McKinsey study cites that four in 10 CFOs say they spent the majority of their time in the past year on activities other than traditional and specialty finance. Read more

Transitioning to the Cloud

Transitioning to the Cloud: How to minimize disruption to data access for real-time reporting

At this year’s Gartner Data and Analytics Summit, one of the big takeaways is that the world of data and analytics will have an even bigger impact on our society over the next 20 years than the Internet has had in the last 20. According to Gartner analysts, analytics is shifting from being ‘in the business’ to being ‘the business’ itself. They envision a future of analytics abundance in which data insights are applied to every process and decision across every field.
Read more

My take on new CFO IT study: Growth in data analytics fuels fragmentation problem

The 2017 CFO IT study is out and it shines a bright future for data analytics. CFOs are setting the data agenda and the survey reveals more than 70 percent of CFOs and finance executives plan to devote substantial time to data analytics in the next two years.

While it’s great news that CFOs are focused on investing in their data analytics capability, what we are witnessing is that companies are now drowning in data. The data fragmentation issue is only getting bigger and it’s creating more complications for businesses to manage. Read more

Magnitude Named “100 Companies that Matter in Knowledge Management” by KMWorld Magazine

On the heels of being named a Strong Performer in The Forrester Wave™: Master Data Management, we’re thrilled to share that Magnitude has just been named “100 Companies that Matter in Knowledge Management” by KMWorld Magazine.   Read more

Can the data fragmentation caused by the adoption of SaaS and the cloud be undone?

ITProPortal expressed interest in a new perspective on the promise of SaaS for enterprises. The result? SaaS Simplicity: A promise undone in the enterprise. The enterprise turn toward SaaS and the cloud has created the ultimate unintended consequence: data fragmentation. For more on the SaaS data dilemma, IT oversight for SaaS adoption, data fragmentation and hybrid environments as the new normal, read on.

Demands for real-time reporting got you down?

ERP environments are increasingly fragmented. This reality adds complexity (and urgency) to existing demands for taking the pulse of a business in real-time. The result? A bottleneck that can slow decision making. For the most part, as companies search for a solution to real-time reporting, they land on the very thing that increases complexity Read more

Bad data, bad decisions?

The adage, ‘you get out of something what you put into it’  is topmost in my mind when it comes to how enterprises use data. If you trust the data that goes into your systems that feed critical business decisions, power to you! It’s our experience, however, that enterprises distrust the data that’s feeding their BI tools and decision-making processes. Read more

5 Minutes with a CTO: Darren Peirce of Magnitude

Recently, Upside (upside.tdwi.org) asked me to share my thoughts on being a CTO, over-hyped trends, and the use of analytics. Regarding the latter: the real opportunity for data analytics and data science is in moving from real-time decision making to future-state modeling by way of advances in AI and machine learning.  Read more