Two sessions at IBM IOD captured my interest today – one because it highlighted some new offerings that are super-sexy, and the other because I was presenting it!
Business Analytics Keynote
The Business Analytics keynote presentation announced some new products and offerings that I think will generate a lot of interest in the market. One of which was IBM Cognos Disclosure Management. Born from IBM Cognos FSR, Disclosure Management is an enterprise scalable, secure, collaborative solution that will greatly enhance the Finance organization’s ability to deliver accurate, timely reports and presentations to management and executives to help make better business decisions. It helps deliver operational performance and financial results by converging enterprise BI reports with performance management data in a single solution for reporting. It does this by automatically marrying financial and operational data with narrative (qualitative) analysis within dynamic reports and presentations.
They also showed off some of the new visualization capabilities currently being incorporated into the IBM portfolio of products, as well as IBM SPSS Social Media Analytics – it’s still in the labs so I can’t share much, other than to say “Wow! Wow! Wow!”.
What if? Using Analytics for predictive forecasting, featuring Australia Post
The What if? session introduced the business value of bringing together sophisticated technologies in an integrated solution, including IBM Cognos TM1, IBM SPSS and IBM CPLEX. Two case studies were discussed: how Australia Post leverages IBM Business Analytics technology for predictive forecasting of cash flows, and an example from the energy sector using predictive and optimization technologies to predict energy demand, model unit commitment, and optimize generation plans to ultimately maximize revenue to the business (discussed here).
The key points to remember:
- Leverage IBM Cognos TM1 to discover what’s possible;
- Incorporate IBM SPSS to predict what’s probable;
- Incorporate IBM CPLEX to optimize the plan.
In fact, I’ve decided to use this process in my own retirement plan to discover the seed, forecast the crop, and optimize the plan to produce retirement-quality wine. After all, they have been inspiring us to THINK BIG!