News Feed Item

Kofax Launches Altosoft Insight 5.0

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

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...