Oracle took one other step within the course of BI supremacy with the acquisition in March 2007 of Hyperion System 9 BI+. This product, originally called Hyperion Essbase (derived from Extended SpreadSheet database), was developed by Arbor Software, which Hyperion acquired in 1998. The product includes reporting capabilities, dashboards, and an evaluation function that also can be used in Microsoft Excel. Additionally, it combines its BI functionality with monetary purposes, making it more of a Business Process Management (BPM) system than “just” BI. The Oracle BI product line integrates the Oracle database with Fusion middleware and analytics software and also includes analytics software originally from Siebel Systems, one other Oracle acquisition.
In all circumstances, BI is most effective when it combines knowledge derived from the market during which an organization operates (external data) with information from firm sources inner to the business such as financial and operations information (inner knowledge). … Read More