|[March 31, 2014]
Kofax Launches Altosoft Insight 5.0
IRVINE, Calif. --(Business Wire)--
Kofax® Limited (NASDAQ: KFX) (LSE: KFX), today announced that Altosoft,
a Kofax company and developer of business intelligence and analytics
software, introduced Altosoft Insight™ 5.0. Insight 5.0 delivers
significant new capabilities, including a distributed in-memory
architecture, continuous simulation and governed data discovery. It
gives organizations the ability to rapidly assemble, analyze and
visualize immense amounts of complex data to improve decision making,
operational effectiveness and profitability. The release was formally
introduced at the Gartner (News - Alert) Business Intelligence and Analytics Summit,
being held in Las Vegas this week, where Altosoft is an exhibitor, and
delivers three key technological innovations:
MapAggregate™: MapAggregate is a major enhancement to
Insight developed to meet the challenges of rapidly expanding data
volumes and overcome the inefficiencies and architectural limitations of
first generation in-memory business intelligence (BI) and analytics
software products. First-generation in-memory BI and analytics software
products are limited to using the memory found on a single server and
its CPU resources. This problem is compounded by the fact that they also
require as much as an additional 10% of overhead for each user, causing
even modest data volumes to quickly overwhelm most servers.
MapAggregate provides organizations with the next generation of
in-memory BI and analytics and unlimited scalability by enabling the
distribution of data across multiple servers to exploit their available
memory and CPU resources. Hence, MapAggregate achieves the performance
benefits of in-memory technology without the limitations imposed by a
first generation, single server in-memory approach.
"The growth of investment in business intelligence technologies has
greatly increased market expectations for BI product benefits," said
noted business intelligence analyst Claudia Imhoff, President of
Intelligent Solutions. "Insight 5.0 meets this challenge by extending
its process intelligence capabilities with simulation-based prediction,
as well as introducing MapAggregate, a new approach to in-memory BI.
MapAggregate improves the scalability of in-memory solutions and reduces
underlying hardware costs."
Continuous Simulation: Continuous simulation is a powerful new
predictive analytics capability that provides improved operational
forecasting for business processes being monitored by the Insight 5.0.
These forecasts are continually updated and refined based on actual
operational data being collected, resulting in more accurate forecasts
Using a dynamic process model that continually adjusts forecasts based
on the latest conditions, continuous simulation provides a more precise,
real-time analysis of an organization's operating environment. In
contrast, more traditional statistical techniques, while adequate for
steady-state trends, cannot detect and predict the impact of sudden or
evolving changes to historical patterns. Predictive approaches based on
static process models often result in poor results, due to issues with
the model's rigidity and quality, as well as incorrect assumptions
related to the conditions being simulated.
"As business intelligence becomes an increasingly critical
differentiator for companies of all sizes, they need solutions that can
scale both in terms of data volumes and the practical power of the
analysis they can deliver," said Scott Opitz, Altosoft's general
manager. "Insight 5.0 redefines the standard for scalability and
performance, while delivering true predictive insights into the
performance of a company's business processes."
Governed Data Discovery: As organizations expand their use of BI
and analytics across the enterprise, governed data discovery becomes
increasingly important. Insight 5.0 addresses this challenge with two
new capabilities. First, the software can be centrally installed,
updated and administered on one or more servers while making client
applications, including development, configuration, dashboard,
management and other tools, accessible to business users via browser
based interfaces that do not require the installation of software or
plugins such as Microsoft (News - Alert) Silverlight or Adobe Flash/Flex on their
computers. Second and as a result, IT is able to centrally administer
the software in order to ensure proper governance by maintaining control
over user and data access rights as well as the approved definitions of
the data and business logic underlying information delivered to users.
Altosoft, a Kofax company, is a leader in developing process aware
business intelligence and analytics software products and solutions.
Altosoft Insight helps organizations improve their understanding of
complex business processes in order to improve decision making,
operational effectiveness and profitability. For more information, visit altosoft.com.
Kofax is a leading provider of smart process applications for the
business critical First Mile of customer interactions. These begin with
an organization's systems of engagement, which generate real time,
information intensive communications from customers, and provide an
essential connection to their systems of record, which are typically
large scale, rigid enterprise applications and repositories not easily
adapted to more contemporary technology. Success in the First Mile can
dramatically improve an organization's customer experience and greatly
reduce operating costs, thus driving increased competitiveness, growth
and profitability. Kofax software and solutions provide a rapid return
on investment to more than 20,000 customers in financial services,
insurance, government, healthcare, business process outsourcing and
other markets. Kofax delivers these through its own sales and service
organization, and a global network of more than 800 authorized partners
in more than 75 countries throughout the Americas, EMEA and Asia
Pacific. For more information, visit kofax.com.
© 2014 Kofax Limited. Kofax is a registered trademark and First Mile,
Insight and MapAggregate are trademarks of Kofax Limited.
Source (News - Alert): Kofax
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