Open Source Cloud Authors: Liz McMillan, Rostyslav Demush, Jason Bloomberg, Yeshim Deniz, Stackify Blog

Related Topics: CRM, Microservices Expo, Open Source Cloud

CRM: Article

Get Greater Business Insights and Relieve IT Cost Pressure?

Yes, and here’s how

With heightened pressure on today's businesses from the current global economic woes, figuring out what to do next on many business and technology decision-making levels, and making sure they are the right moves, can make or break your business. Take a moment to consider the following questions:

  • Is now the right time to grow a particular aspect of the business?
  • Could we cut the new IT application that is just about to go in-service?
  • Do we really need to reduce the number of IT support staff to save money?
  • How about closing a regional product?
  • Maybe we should discontinue a product?
  • What can we do to save money now, and in the long-term?

All of these are critical questions and finding the right answer for them has never been more important because decisions made in tough times are the ones that carry you through to better days ahead, or can cause your business to fall apart. The difference in outcome resides in how you pull together the necessary business information you need to make the correct calls. In fact, how you do this is vital to your business.

The good news: Business Intelligence (BI) tools can answer these tough questions every single time because BI helps everyone better understand what is happening throughout their businesses. BI tools integrate information from many organizations within the company such as customer service, manufacturing, sales, and finance. BI tools take the information from various data collecting systems and provide organizations with immediate reports, analysis, and dashboards that help them make more informed and accurate business decisions.

Whether an economic downturn or spurt, it's essential that executives and employees always also have access to information that improves their own business and performance processes. BI tools can put critical business and performance information in an easy-to-use, easy-to-understand set of reports and dashboards directly into the appropriate hands so your people are more knowledgeable and therefore better equipped to succeed.

To sales and marketing executives, for instance, understanding the market and product placement issues can be the difference between failure and the ability to leapfrog over competitors. Quickly adapting to issues, an inherent result of BI, can mean lower scrap rates, higher productivity, improved customer satisfaction and even bigger and better business deals. Once up and running, BI tools ultimately lead to both short and long-term business success for companies and their people.

Open Source BI Resolves Former Cost and Innovation Concerns
One of the key concerns in the past has been the cost associated with BI tools. Historically, such systems have been too expensive for most users, and those who took advantage of BI did not find it economical to provide access to a broad group of individuals within their respective companies. Issues that have slowed down the proliferation of BI tools include:

  • Significant project costs and upfront license costs
  • High integration costs
  • Length of time to implement a project
  • Lack of internal IT expertise
  • Project scope changes as implementation begins
  • Ability to meet future organizational demands

With significant advancements in open source market offerings, enterprises have more choices around how to address these concerns. Solutions that deliver high availability, ensure the security of the data entrusted, and can be easily scaled to meet the demands of the business are being deployed globally today using open source components.

The Open Source Model and the New Economics of IT
The open source business model eliminates many of the traditional costs associated with proprietary models such as upfront license costs, per user pricing and multi-core pricing. It also provides more choice to the end user who can now avoid vendor lock-in and enjoy the flexibility and control that an open source business model provides. It is "The New Economics of IT," a revolution in the technology industry where superior technology can be delivered at more than half the price of traditional offerings; in some cases, up to 95% less. It gives businesses a way to do everything they need to do to keep business and IT projects moving forward and achieve innovation in a time when budgets continue to get slashed.

Utilizing software appliances or pre-integrated software bundles can also help reduce the complexity and cost associated with implementing a BI solution. Software appliances can help reduce the amount of time required to set up and configure a BI solution as well as reduce the overall integration effort and costs associated with them.

What Exactly Is a Software Appliance?
A software appliance is a pre-integrated set of technologies, installed, deployed, configured and maintained as a unit, providing an IT service or solving a business problem. Each layer within the software appliance is trimmed to the bare necessities and tightly integrated with the adjacent layers. It is estimated that use of software appliances can reduce the size, cost, and complexity of the solution by as much as 70% while at the same time significantly increase security.

As an example, open source companies Ingres and Jaspersoft have partnered together to build a software appliance called the Ingres Icebreaker BI Appliance, focused on significantly lowering delivery costs for businesses. It also includes a Salesforce.com plug-in that will allow companies to access sales data at much lower costs. It includes:

  • The Ingres open source database, a proven enterprise class database
  • Jaspersoft BI Suite, a business ready set of tools for reporting, analytics, and dashboards
  • Salesforce.com plug-in, which provides connectivity and download capability to salesforce data to be stored and accessed locally
  • Linux operating system
  • Integrated maintenance, security and product updates
  • Single support from one vendor

Appliances like this reduce the amount of time required for users to get their BI tools up and running. With an open source business model, users will also experience significant reductions in overall TCO.

In addition, these appliances allow business data to be shared throughout the employee base without experiencing per user fees that drive up costs. Meanwhile, IT managers can now supply end users with access to the necessary reports and dashboards to drive more productive business decisions. They will also save upfront integration and configuration costs associated with putting a BI solution together coupled with an integrated maintenance stream for all the components to deliver savings for the life of the solution.

By utilizing all open source components, solution costs are drastically reduced, overall maintenance costs go down, and all employees have access to the most recent business information to improve their day-to-day decision making.

If you're making tough decisions in these economic times and you can't afford to guess, BI is a tool you can count on. If you need an inexpensive and superior BI technology solution that gives you immediate access to data for accurate business insights, open source BI software appliances and tools are one sure way to help you navigate the rough, and the smoother roads ahead.

More Stories By Deb Woods

Deb Woods is vice president of product management at Ingres, a leading open source database company. Prior to Ingres, she was vice president of product management at Red Hat. She is active in the open source community and sits on the Open Solutions Alliance board of directors. Deb holds a BS in Electrical Engineering from North Carolina State University.

Comments (1) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.

Most Recent Comments
debwoods 09/18/09 09:21:00 AM EDT

It's great to see the various ideas come in on how to help save costs and we are seeing more and more activities being pulled together across open source companies to solve these problems.

@ThingsExpo Stories
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO LLC announced today that "Miami Blockchain Event by FinTechEXPO" has announced that its Call for Papers is now open. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Financial enterprises in New York City, London, Singapore, and other world financial capitals are embracing a new generation of smart, automated FinTech that eliminates many cumbersome, slow, and expe...