FSN: Gartner rates Hyperion a “BI Visionary” in new Magic Quadrant

Gartner rates Hyperion a "BI Visionary" in new Magic Quadrant

23rd January 2006
Hyperion, recently positioned in the leader quadrant of Gartner's Magic Quadrant for Corporate Performance Management (CPM) Suites, has reported that it has also been named in the visionary quadrant in Gartner's newly released Magic Quadrant for Business Intelligence Platforms, published on the 9th January this year. Gartner evaluated the Hyperion on its "completeness of vision" and "ability to execute"

According to Gartner, they expect the BI platform market to continue to grow at a solid pace during the next five years. Organizations are increasing their spending, particularly as BI evolves from its reactive departmental roots to become more pervasive and strategic. The firm also predicts that the long-term prospects for the market look solid, especially as large organizations embrace corporate performance management and work to comply with various government regulations. Traditionally, BI was just for senior executives and analysts, but many enterprises are extending their BI platform capabilities throughout the organization to operational workers and managers.

Hyperion says their success is down to advances in the BI capabilities of Hyperion System 9 which enables users to report against relational databases and multidimensional sources in one session using just one interface. Hyperion also says that the integration of BI with financial management applications in Hyperion System 9.is key because customers are not forced to choose between a BI platform and a performance management system.

According to Gartner, visionaries have a clear vision of market direction and are focused on preparing for that, but they can still improve in terms of optimizing service delivery.

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