Insightful Customer Named Finalist for IDG's Computerworld ''Best Practices in Business Intelligence'' Award; Time/Warner Retail
September 18 2006 - 9:00AM
Business Wire
Insightful Corporation (NASDAQ:IFUL), a leading provider of
predictive analytics and reporting solutions, today announced that
one of its customers, Time/Warner Retail Sales & Marketing,
(TWRSM) a subsidiary of Time Inc, has been selected as a finalist
for the "Best Practices in Business Intelligence" awards program.
TWRSM was named a finalist by Computerworld's Business Intelligence
Perspectives, the premier conference for leaders in the business
intelligence and IT management sector, in the Information Retrieval
and Reporting by Leveraging Off-the-Shelf Enterprise Software
category. "We are very proud that Time/Warner Retail Sales &
Marketing has been named a finalist for this prestigious award. We
believe this provides further validation of the benefits of
deploying the power of predictive analytics across the enterprise,"
said Jeff Coombs, CEO of Insightful. "Time/Warner Retail Sales
& Marketing is at the forefront of delivering in-depth analysis
to all of its key decision makers to ensure they are striking the
right production and inventory levels across all of their
distribution channels." "We believe that our solution demonstrates
that business intelligence should not just be about reporting, but
more importantly it should be a business process driver," said
Dilip Patel, Director of Business Intelligence Systems and &
Information Management for Time/Warner Retail Sales &
Marketing. "And by integrating advanced analytical engines like
S-PLUS, we have added strategic value to achieving this goal."
TWRSM's Information Management department has applied advanced
analytics to deliver in-depth analysis of market and customer
(store) data. TWRSM integrated Insightful's S-PLUS(R) Server with
TWRSM's established data portals and Microsoft Office. Analysts
familiar with S-PLUS can now integrate and publish their analytics
on the company's business intelligence portal improving the
timeliness and quality of information sharing both enterprise wide
and also with TWRSM's client publishers. Now client publishers can
directly access the TWRSM business intelligence portal and retrieve
analytics that can help them analyze and manage their magazine
business. With Insightful's S-PLUS Enterprise Server solution in
place, TWRSM has been able to more effectively manage magazine
inventory at retail resulting in generating incremental profits of
$3.5 million annually. "Business intelligence initiatives are at
the center of converting information technology to information
management and competitive advantage," said Ron Milton, Executive
Vice President, Computerworld. "The organizations and professionals
judged to be finalists in Computerworld's 2006 'Best Practices in
Business Intelligence' Awards Program have unlocked the true value
of business intelligence and applying analytics to their
advantage." About Computerworld Computerworld is recognized
worldwide as the premier source for news, information and opinion
on the critical technology and management issues affecting senior
technology professionals. Computerworld's award-winning weekly
publication, Computerworld.com Web site, focused conference series
and custom research, form the hub of the world's largest
(58-edition) global IT media network. In the past five years alone,
Computerworld has won more than 100 awards, including the 2004 and
2006 Magazine of the Year Award from the American Society of
Business Publication Editors. Computerworld has an online audience
of over 1.1 million unique monthly visitors (Omniture) and a total
print audience of 1,337,000 (IntelliQuest CIMS Spring 2006).
Computerworld is on the Web at www.computerworld.com. Computerworld
is a business unit of International Data Group (IDG), the world's
leading technology media, research and events company. A privately
held company, IDG publishes more than 300 magazines and newspapers,
including CIO, CSO, Computerworld, GamePro, InfoWorld, Network
World and PC World. The company features the largest network of
technology-specific Web sites, with more than 400 around the world.
IDG is also a leading producer of more than 170 computer-related
events worldwide, including Storage Networking World(R), Premier
100(R), LinuxWorld Conference & Expo(R), Macworld Conference
& Expo, DEMO(R) and IDC Directions. IDC provides global market
research and advice through offices in 50 countries. Company
information is available at http://www.idg.com. About Insightful
Insightful Corporation(R) (NASDAQ:IFUL) is a provider of predictive
analytics and reporting solutions. Insightful products S-PLUS(R),
Insightful Miner(TM), S-PLUS(R) Server and InFact(R) allow
companies to perform sophisticated statistical data analysis, data
mining and create high-quality graphics from numeric and text data.
Insightful consulting services provide specialized expertise and
proven processes for the design, development and deployment of
customized solutions. The company has been delivering
industry-leading, high-ROI solutions to thousands of companies in
financial services, life sciences, biotechnology,
telecommunications, and manufacturing, plus government and research
institutions for more than 18 years. Headquartered in Seattle,
Insightful has offices in North Carolina, France, Switzerland, and
the United Kingdom, with distributors around the world. For more
information, visit www.insightful.com, email info@insightful.com or
call 800-569-0123. Note to Investors -- Forward-Looking Statements
This press release contains forward-looking statements.
Forward-looking statements are based on the judgment and opinions
of management at the time the statements are made. Inaccurate
assumptions and known and unknown risks and uncertainties can
affect the accuracy of forward-looking statements. Actual results
could differ materially from those expressed or implied by the
forward-looking statements for a number of reasons, including,
without limitation, the risk that our new product release does not
perform as designed and expected and the risk that this product
release does not achieve market acceptance. More detailed
information regarding these and other factors that could affect
actual results is set forth in our filings with the Securities and
Exchange Commission, including our most recent report on Form
10-QSB. You should not unduly rely on these forward-looking
statements, which apply only as of the date of this release. We
undertake no obligation to update publicly any forward-looking
statements to reflect new information, events or circumstances
after the date of this release or to reflect the occurrence of
anticipated events.
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