NewswireToday - /newswire/ -
Melbourne, Victoria, Australia, 2013/11/18 - Global Business Intelligence (BI) and analytics software vendor, Yellowfin, is set to introduce new collaborative decision capabilities as part of its latest BI platform, Yellowfin 7 - YellowfinBI.com.
Yellowfin 7 will be launched in a series of live Webinars throughout Monday 25 and Tuesday 26 November 2013.
A series of decision widgets will be included in Timeline Yellowfin’s personalized Facebook-esc feed, which catalogs a users’ activities within Yellowfin in real-time to boost user engagement and make collaborative decision-making even easier.
“With collaboration and Yellowfin’s Timeline, you can comment on reports and create discussion topics that allow you to share ideas and data over time as you would in a real ongoing discussion,” said Yellowfin CEO, Glen Rabie. “In Yellowfin 7, we have also added the ability to make collaborative decisions, and record those decisions in order to improve the quality and transparency of organizational decision-making.”
Rabie said it was important to introduce functionality into a BI platform that empowered users to intuitively turn insight and discussion into action.
“Without a decision, there’s no ROI for analytic software,” said Rabie. “So a BI solution needs to be more than just an enabler. For BI software to be successful, it must include a mechanism to assist decision-making, such as voting or polling, to help push conversation towards a specific, measurable and desirable course of action. That’s exactly what we’re helping our customers achieve with Yellowfin 7.”
Rabie said that Yellowfin 7’s collaborative features were designed to replicate natural decision-making processes.
“In Yellowfin 7, not only will users be able to engage in discussion threads and embed BI content into those discussions, they’ll be able to set resolution deadlines as well as vote on proposed actions.”
Principal Analyst for Nucleus Research, Hyoun Park, acknowledged the unique usefulness of Yellowfin’s collective decision-making features, stating that “Yellowfin finally puts ‘collaborative’ into collaborative BI and analytics”.
Independent BI author and analyst, Claudi Imhoff, noted that Yellowfin was “one of the first tools to actually record a decision being made”, asserting that “the ability to converse easily through Yellowfin is what makes it so bright, so good for decision-making people can then understand more than just a number”.
According to research reported by Information Management, organizations that embraced and implemented best practice Collaborative BI enjoyed a 44% boost in customer responsiveness, a 42% improvement in employee productivity, a 30% increase in business process efficiency, and a 40% rise in BI adoption.
Yellowfin was identified as the leading Collaborative BI dashboard vendor in BARC’s The BI Survey 12 the world’s largest end-user BI study.
Yellowfin will host three Yellowfin 7 release Webinars throughout Monday 25 and Tuesday 26 November 2013.
Yellowfin (yellowfinbi.com) is a global Business Intelligence (BI) and analytics software vendor passionate about making BI easy. Yellowfin is headquartered and developed in Melbourne, Australia, offering a highly intuitive 100 percent Web-based reporting and analytics solution. Founded in 2003 in response to the complexity and costs associated with implementing and using traditional BI tools, Yellowfin is a leader in mobile, collaborative and embeddable BI as well as Location Intelligence and data visualization.