Cognos, a business intelligence and corporate performance management (CPM) vendor, has announced that it is positioned in the leaders quadrant of Gartner`s new Corporate Performance Management Suites Magic Quadrant. Vendors are evaluated based on completeness of vision and ability to execute.
According to Gartner, "leaders are vendors who are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market". Gartner defines CPM as not only the processes used to manage corporate performance, but also the methodologies that may drive some of the processes, the metrics used to measure performance against strategic and operational performance goals, and the appropriate supporting systems.
Says David McWilliam, Cognos SA managing director: "Cognos` focus on CPM is a natural extension of the functionality that its BI solutions deliver. Coupled with scorecarding and planning solutions, CPM enables organisations worldwide to unlock performance improvements for sustainable competitive advantage. Cognos` philosophy of no limitations has driven us towards a partner ecosystem that enables organisational agility and improves the decision-making process for organisations by connecting people and goals across operations and management functions with right-time, actionable information."
Says David Schultz, SVP, Bank of America: "We have partnered with Cognos to find a corporate performance strategy solution for the loss forecasting process in our consumer and small business areas. The Cognos solution enables us to prepare loss forecasts more quickly and improves transparency in regards to the end-to-end loss forecasting process. Our initial implementation centralised the existing process, creating a `one-stop shop` for our analysts and management to quickly and easily access the loss forecasting information. It also enables our loss-forecasting analysts to more effectively manage changes throughout the loss forecasting cycle. We feel Cognos` position in the leaders quadrant for CPM is well deserved. The solution helps integrate and automate key processes to provide a clear, consistent view for unified decision-making."
"We believe our positioning in the leaders quadrant is further confirmation that our CPM vision and strategy is right on course. It`s a testament to the tangible value our customers gain as they standardise on Cognos," says Rob Ashe, president and CEO, Cognos. "Our strategic vision for CPM is embodied in practice within our Performance Management System that provides customers with an unparalleled foundation to help them successfully drive performance management and good governance across the enterprise."
Cognos maintains a strong focus on achieving top-level performance across the company. This effort has made Cognos a world-class example of corporate performance management in action and contributes to its position in the market. The company`s achievements in this area have been recognised by the Balanced Scorecard Collaborative, which has named Cognos to its Hall of Fame. See: http://www.cognos.com/news/releases/2004/1014.html
Cognos is also positioned in the "leaders" quadrant in Gartner`s Enterprise Business Intelligence Suites and Platforms Magic Quadrant, 2H04. See: http://www.cognos.com/news/analyst_reviews.html.
Share
The Magic Quadrant is copyrighted October 2005 by Gartner, Inc and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace for a specific time period. It depicts Gartner`s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
* Source: "Magic Quadrant for CPM Suites, 2005" N Rayner, F Buytendijk, L Geishecker, 4 November 2005
Cognos
Cognos, the world leader in business intelligence and corporate performance management, delivers software and services that help companies drive, monitor and understand corporate performance.
Cognos delivers the next level of competitive advantage - corporate performance management (CPM) - achieved through the strategic application of BI on an enterprise scale. Our integrated CPM solution helps customers drive performance through planning, monitor performance through scorecarding and understand performance through business intelligence.
Cognos serves more than 23 000 customers in over 135 countries. Cognos enterprise business intelligence and performance management solutions and services are also available from more than 3 000 worldwide partners and resellers. For more information, visit the Cognos Web site at http://www.cognos.com.
Editorial contacts