Bitam News
Knowledge Itself Doesn't Make the Difference
TAMPICO,
Bitam (http://www.bitam.com) provides Enterprise Performance Management (EPM) solutions that manage business knowledge in an intelligent manner. Bitam's product suite consists of world-class leading Business Intelligence (BI), Strategic Planning, and Financial Planning tools designed to support business operations with highly-reliable reporting, analysis, monitoring, budgeting, forecasting, and consolidation processes. Bitam solutions are being used by small, medium, and large businesses in 18 countries around the world.
Bitam's latest extension to their software suite, Bitam G6, delivers "Knowledge Intelligence(TM)" a formidable learning tool that helps organizations better understand their business issues, determine probable causes, and visualize potential fixes to these problems. Bitam's Knowledge Intelligence capability gives organizations intelligence for the future, learned from the past.
"Organizations continue to seek ways to successfully deploy performance management and business intelligence initiatives," said
Business Intelligence solutions offer the ability to monitor data, analyze information, then act on this information to make informed decisions. BI solutions use dashboards to showcase business activity, monitor key performance indicators, and visualize analysis. Bitam G6 goes to the next level of intelligence by creating historical databases of knowledge gained from this analysis, then help users to "learn" from these activities.
Knowledge Intelligence drills down into the historical database of corporate data, decisions, and strategies, and offers suggested courses of action based on knowledge learned from previous activities. With Bitam's Knowledge Intelligence, before someone "acts," the system can look into the knowledge base and see potential outcomes of his actions, and whether they are beneficial or not. More importantly, a user can look within the knowledge base for "possible causes" of a problem, search for a solution, and learn from it.
For example, if Net Revenue on the dashboard screen appears "red," Bitam users can drill down into the knowledge base and see a list of probable causes of the problem, such as low inventory levels or smaller gross margins expected, etc. Users then click on a cause and a project table appears that lists various ways to solve the problem. If the problem has not occurred before, users start a new project, such as to review forecasting algorithms if the inventory levels are low. Bitam G6's Project Management feature lets users add tasks to a project table, or use a pre-defined template of tasks. The Project Manager keeps track of when the project was started, completed, who worked on it, how much time, cost to company, etc. Responsibilities can be assigned for each action, then reviewed for completion.
The learning portion of Knowledge Intelligence comes when users associate outcomes of the actions taken and define how good a solution that was for solving the problem. So next time Net Revenue is "red," the user would click on low inventory levels, and know how to solve the problem because the information was captured from the last time this happened.
Knowledge has value, yet intelligence has power. The two together, Knowledge Intelligence, is a powerful and strategic use of knowledge assets that empowers employees to make smarter business decisions, quickly and effectively, and, more importantly, to learn from this knowledge.
About Bitam
Bitam is a global provider of Enterprise Performance Management (EPM) software solutions for Business Intelligence (BI), Financial Planning, and Strategic Planning. EPM software powers the metrics that enable performance reporting, governance, and accountability that help businesses analyze, plan, and manage their business operations to meet business-critical goals. Bitam solutions are known for their rapid deployment, a high rate of adoption by users, low implementation risk, lower costs, ease of use, minimal training requirements, and wide acceptance by the international operations of companies of all sizes. Bitam, founded in 2000, is headquartered in Roswell, Ga., and has presence in more than 18 countries in the
For more information, contact: Becky Boyd MediaFirst PR - Atlanta (770) 642-2080 becky@mediafirst.net
SOURCE Bitam
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