Cognos (Nasdaq: COGN; TSX: CSN) today previewed Cognos 8 BI Analysis for Microsoft Excel®, a new enterprise BI capability that enables Microsoft Excel users to directly access centrally controlled and secured Cognos 8 BI performance information for improved decision-making.
The self-service nature of the new capability will make it easy for business analysts, financial analysts or line of business managers to interactively explore and analyze multidimensional information within Microsoft Excel, without draining valuable IT resources. Using formula-based data access, business users will be able to find answers, solve business problems and report key results in the format most convenient to them, while leveraging the Cognos 8 BI infrastructure for data consistency, freshness and security. For richer analysis and formatting, or for broader enterprise distribution of reports, they can re-use the results of their exploration within other worksheets or Cognos 8 BI’s proven reporting and analysis capabilities.
“The ability to conduct drag and drop exploration and analysis of controlled BI data within Excel will really benefit the business analyst who wants to solve analytical problems in a familiar spreadsheet environment,†said Vivian Adashek, financial systems project specialist, Manpower. “These analysts are gaining direct access to the underlying data sources within Excel so they can flexibly analyze trusted secure information from Cognos 8 BI together with other data sources without requiring IT to do this for them. As always, Cognos is listening and partnering with its customers on new product innovations.†[Read more…]