...the creative use of this new functionality has been incredible.
Southborough, MA (PRWEB) February 17, 2010
BIQ, a provider of innovative data and spend analysis tools for businesses seeking better visibility into corporate data, today announced the availability of a major release of its software. The product, also called BIQ, gives business analysts unprecedented freedom to explore and manipulate large datasets from a variety of sources, without IT assistance. This release extends that freedom by giving users complete control over internal rollup engine logic, all the way down to the transactional level, while retaining extremely high performance.
Eric Strovink, BIQ's CEO, commented, "User control of transactional rollup enables extraordinary functionality, like computing hundreds of thousands of crosstab cells virtually instantaneously. User control of higher-level rollups, combined with BIQ's Dynamic Reference Filters, provides for instantaneous period-on-period comparisons at all nodes, at all drill positions. Although these features have been explored by only a limited number of beta testers over the last few months, the creative use of this new functionality has been incredible."
Normally, rolling up transactional data means using some fixed function to do so, typically "sum". BIQ allows the user to replace this fixed function with his own custom-built program, thus substituting his own logic as the rollup functionality. For example, the logic could be written to accumulate a transaction's amount into a measure if the Vendor was IBM and the year was 2008; but otherwise accumulate only 80% of the amount, and only if the Cost Center was not "Central Administration". Computed Measure Language (CML) programs are written inside BIQ with the aid of a built-in Integrated Development Environment, and compiled down to highly-optimized machine instructions.
Continued Strovink, "Obviously, some users aren't comfortable with programming, so the Computed Measure Language feature is fully parameterized, allowing CML authors to provide those users with the ability to modify the function and operation of the CML logic -- for example altering the structure of what-if questions by changing parameters through a simple point-and-click interface."
In addition to CML, this release of BIQ includes major performance increases for the Dataset Loader, making it even easier and faster to create and modify BIQ datasets.
BIQ was founded on the premise that business analysts could gain much more insight into the valuable information that often lies fallow inside the enterprise -- if they had a tool for independent, ad hoc analysis. Instead of being constrained by pre-determined data structures, BIQ users have the ability to create their own datasets quickly and easily, and to change them in real time by adding dimensions, adjusting hierarchies, and refining data mappings for any analysis. This enables BIQ users to perform fast, ad hoc analyses on almost any data source without being limited by rigid data warehouse constraints. As a result, BIQ users spend their time actually analyzing the data, rather than struggling with it.
BIQ's mission is to provide innovative, enterprise level data analysis tools for the business analyst at a reasonable price. BIQ users are from both large and small enterprises within the financial, services, retail, healthcare, and manufacturing sectors. Because BIQ is extremely cost-effective, it can be used alone or in concert with other enterprise tools. The product can be deployed on a laptop, desktop, or server in any number of configurations. BIQ is available on a month-to-month basis, without prepayment or cancellation penalties. For more information about BIQ, visit http://www.busiq.com.