Anaplan PlanIQ Brings Advanced Intelligence and Data Analysis to Everyday Business Users
June 10 2021 - 9:00AM
Business Wire
Intelligent forecasting solution with Amazon
Forecast designed to improve prediction accuracy and accelerate
time-to-value for customers
Anaplan, Inc. (NYSE: PLAN), provider of a leading cloud-native
platform for orchestrating business performance, today announced
the general availability of PlanIQ™, the company’s newest machine
learning (ML)-based solution that helps everyday business users
leverage advanced intelligence and data analytics to deliver
explainable results and create more accurate forecasts.
PlanIQ helps businesses do more with their data
Today’s highly competitive and ever-changing business
environment has put pressure on organizations to do more analysis,
at a faster rate, to identify and act on new market opportunities.
Many organizations are seeking to drive more agile decisions by
finding new ways to extract meaningful insights from continuously
growing volumes of internal and external data with artificial
intelligence (AI) and ML. However, integrating a new AI and ML
solution must be quick and simple to configure and embed within
their day-to-day planning processes with automation.
Consumer goods companies are pressed to optimize their supply
chain in the wake of uncertainty, and must consider environmental
factors, such as weather and supply chain disruption due to
external changes. Retailers that need to predict demand more
accurately must examine new and emerging customer demand patterns.
However, the process of collecting, preparing, and analyzing data
to reveal meaningful insights can become quickly overwhelming as
the pace and amount of data continues to accelerate.
PlanIQ helps democratize data analysis, making it easier for
business users to leverage different types of data sets and
sources—like historical trends, third-party data, market signals,
and weather patterns—to inform strategic models, forecasts, and
plans so they can make the next best business decisions, fast. And,
since the solution is pre-integrated with Amazon Forecast, users
can automatically test their models against cutting edge predictive
algorithms to uncover new opportunities and predict future
outcomes, driving more confident decision making.
“I often talk to business leaders who want to do more with the
data available to them but feel they don’t have the right tools to
effectively analyze and use that data to inform decisions,” said
Ana Pinczuk, Chief Development Officer, Anaplan. “With PlanIQ, we
are demystifying machine learning and data analytics to help ensure
business users, as well as data scientists, feel empowered to
leverage intelligent forecasting, which in turn helps businesses
operate more strategically.”
Amazon Forecast integration delivers timely results
Some customers have already seen how PlanIQ can help optimize
business outcomes. Built with industry-leading technology, PlanIQ
can improve the accuracy of forecasts to drive top and bottom-line
growth using Amazon Forecast—accurate time-series forecasting based
on the same technology used by Amazon.com. The ability of PlanIQ to
automate and repeat forecasting processes across multiple functions
also makes intelligent forecasting more accessible to a wider set
of business users. In addition, automation and simple configuration
drives a more agile forecasting process, saving teams valuable
time. As an end-to-end managed service, customers have achieved
quick time-to-value with PlanIQ forecasting, leading to greater
operational efficiencies.
Since implementing PlanIQ as part of Anaplan’s early access
program, customers across industries—including healthcare, retail,
and manufacturing—have benefitted from increased time savings,
operational efficiencies, and new levels of forecast accuracy. As
David Webb, head of performance forecasting at South Central
Ambulance Service notes, “PlanIQ makes generating precise forecasts
easy, taking only 2.5 weeks to get up and running and delivering
quick time to value.”
“Business leaders recognize that accurate, intelligent
forecasting is critical to effectively meeting customer needs and
achieving operational efficiencies, but may not know how to create
accurate forecasts with all of the data available to them,” said
Ankur Mehrotra, General Manager, AI, AWS. “PlanIQ and Amazon
Forecast allow customers to apply advanced ML techniques to their
data in order to generate accurate forecasts for their businesses.
We’re thrilled to see the value these services are creating for
organizations.”
Leverage PlanIQ across a variety of use cases
Businesses can effectively leverage PlanIQ across a range of
functions and use cases to uncover new insights with more accurate,
easy to use forecasting.
Teams who struggle to accurately forecast demand can use PlanIQ
to process large volumes of data to deliver accurate predictions so
teams can quickly analyze, align, and optimize inventory. Users can
refine commercial revenue plans by using PlanIQ to quickly pinpoint
at risk factors to build effective marketing strategies and
maximize profit. In addition, PlanIQ simplifies financial planning
processes with easy data configuration and fast OpEx forecast
generation to speed business decisions.
Anaplan PlanIQ with Amazon Forecast is now available in the
Anaplan platform. To learn more about Anaplan’s intelligence
offerings, click here. You can also the PlanIQ solution brief here,
or watch the demo video here.
About Anaplan
Anaplan (NYSE: PLAN) is a transformative way to see, plan, and
run your business. Using our proprietary Hyperblock™ technology,
Anaplan lets you contextualize real-time performance, and forecast
future outcomes for faster, confident decisions. Because connecting
strategy and plans to collaborative execution across your
enterprise is required to move business FORWARD today. Based in San
Francisco, we have 20 offices globally, 175 partners and more than
1,700 customers worldwide. To learn more, visit Anaplan.com
Amazon Forecast and Amazon.com are trademarks of Amazon
Technologies Inc
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Anthony Harrison press@anaplan.com
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