Kofax Launches Altosoft Insight 5.0
March 31 2014 - 3:00AM
Business Wire
Release Delivers Distributed In-Memory
Architecture, Continuous Simulation and Governed Data Discovery
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 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 and predictability.
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 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.
About Altosoft
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.
About Kofax
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: Kofax
Media Contact:KofaxColleen Edwards, +1 (949) 783-1582Vice
President, Corporate
Communicationscolleen.edwards@kofax.comorInvestor
Contacts:MKR Group Inc.Todd Kehrli, +1 (323)
468-2300kfx@mkr-group.comorFTI ConsultingSophie McMillan+44 (0) 20
7831 3113kofax@fticonsulting.com
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