According to the latest reports released from IDC, an industry analyst firm, Cognos achieved outstanding growth in both worldwide BI and CPM markets in 2004. Of particular note is the development in BI where Cognos was the highest market share gainer.
Moreover, Cognos is the only vendor to show more than 20% growth in both markets, with revenue growth of 22.9% in BI, and 21.3% in BPM/Finance (as reported in IDC`s `Worldwide Business Intelligence 2004 Vendor Shares` and `Worldwide Business Performance Management and Financial Analytic Applications 2005-2009 Forecast and 2004 Vendor Shares`).
"Cognos has demonstrated solid marketplace momentum with its business intelligence and performance management solutions. Organisations are placing a premium on solutions that help them analyse business performance in order to drive greater efficiencies and opportunity," says Dan Vesset, IDC research director: analytics and data warehousing software. "It is extremely rare to see a software company achieve such strong growth in both the software tools and applications markets simultaneously."
States the IDC`s report: "Clearly Cognos is committed to its performance management vision and has a strong foothold in this market driven predominantly by continued momentum of Cognos Planning, which continues to be the number one area of growth in the BPM space. As organisations expand BPM from finance-driven initiatives out into operations, Cognos` planning, scorecarding, and BI capabilities together provide a robust platform for enterprise-wide performance management."
The Cognos Performance Management System enables organisational agility and improves the decision-making process by connecting people and goals across operations using management functions with right-time, actionable information. It aligns technology through performance solutions and the best-in-class platform capabilities of reporting, analysis, planning and scorecarding, with best practices and a partner ecosystem, enabling customers to unlock performance for sustainable competitive advantage.
"Our strong growth in BI and CPM is a result of vision and innovative products," says David McWilliam, managing director of Cognos SA. "Cognos` success is amplified through its initiatives to understand the underlying business challenges and correctly applying enabling technology to deliver visibility, accountability and predictability of business and market conditions. This continues to drive our momentum in the marketplace."
For more information on this report, please visit www.idc.com.
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