Freiburg, Germany – April 2014. Leading European business intelligence (BI) software provider Jedox has released the latest version of its award-winning BI solution: Jedox 5.1. With corporations across the industry spectrum demanding greater speed, flexibility and automation from BI solutions, Jedox 5.1 sets a new standard in self-service BI.
Jedox 5.1 revolves around data-driven modeling, which uniquely combines the content depth of classic OLAP tools and the simplicity of state-of-the-art data discovery software. The new solution brings together the high-level planning process support and active modeling functionality of OLAP tools and the ability of data-discovery software to analyze data quickly and flexibly. By leveraging the power of data-driven modeling, users can now create an entire OLAP model with existing data at the click of a button, with the model immediately available for analysis, reporting and planning tasks.
During the design process, Jedox 5.1 stores processing logic in an import script, which means users can further edit the process and reuse it at a later date. “With a kind of rapid prototyping, Jedox 5.1 users can quickly and autonomously generate sophisticated models and test them in real-world scenarios. Users can now implement results in a more productive and efficient manner,” comments Jedox Chief Technology Officer, Matthias Krämer.
Simplifying corporate planning
Jedox 5.1 also simplifies corporate planning. The new version of the trailblazing Jedox BI solution allows users to enter planning values and complex top-down distribution rules directly into the software, select data entry options, and, if required, structure user functionality according to user groups. “One of the benefits of Jedox 5.1 is that it lets you allocate costs more specifically and compare budgets more precisely,” explains Krämer.
Furthermore, Jedox 5.1 provides new predictive analytics functionality, including forecast analysis based on the popular statistics program R. As a result, users can use inventory data to generate forecasts, timelines and other forward-looking analysis.
“We were recently voted a leading provider of self-service BI in the prestigious BARC BI industry survey. With Jedox 5.1 we’ve raised the bar and we continue to enhance our solution. This new version sets the standard for speed, ease of use and the automation of BI processes,” says Jedox CEO, Kristian Raue.