Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Adaptive Insights announces Elastic Hypercube Technology to deliver a new class of modelling scale and speed for company-wide planning
Adaptive Insights announces Elastic Hypercube Technology to deliver a new class of modelling scale and speed for company-wide planning

Published : , on

New architectural innovations scale next-generation Business Planning Cloud

Adaptive Insights, powering a new generation of business planning, advances its Business Planning Cloud with architectural innovations delivering unprecedented performance and scale.

New patent-pending Elastic Hypercube Technology is the next-generation planning, reporting, and analytics engine that enables the Business Planning Cloud to automatically scale with the dynamic needs of businesses. This sophisticated, proprietary innovation represents a step-function advance in planning system architectures, enabling plans with virtually no limits—unlimited dimensions, dimension values, and numbers of scenarios to be created easily and calculated rapidly.

“Planning system architectures have long had challenges dealing with large and complex models, forcing businesses to compromise on user experience and comprehensive modelling,” said Bhaskar Himatsingka, chief product officer at Adaptive Insights. “We want to deliver a platform that scales from 100-person nonprofits up to enterprises with hundreds of thousands of employees, while giving our customers the ability to model virtually anything for any function. Today, we’ve started delivering that scale and performance and done so without compromising all the features and ease of use our customers expect from us. As important, Elastic Hypercube Technology provides the technology foundation for ongoing innovation.”

A new era for modern planning

Planning systems have always had limitations. Yet, with business data nearly doubling every year and organisations wanting to involve more business users and functions in their planning, the gap between what planning systems offer and what businesses need continues to widen. As a result, a new generation of planning platform is required.

According to Nick Ferrara, corporate controller, Steve Madden, “We’ve seen the value of deploying a single planning platform to business users and functional/business groups across Steven Madden Ltd. and it’s been a game changer. With complex models and users spread across our organization, we need to be able to run and compare multiple scenarios with real-time data. The Business Planning Cloud scales to keep pace with our business, and the continuous planning and reporting processes help us drive faster decision making across our organisation.”

“The pace of change in business is accelerating, and at the same time we’re seeing increasingly sophisticated planning requirements,” said Doug Henschen, vice president and principal analyst at Constellation Research. “Organisations want to do what-if analysis across multiple business scenarios and get in-depth insight into outcomes and dependencies across business functions. There’s a clear need for a platform that can support rapid planning even as model complexity mounts and the numbers of dimensions, versions, and users multiply.”

Elastic Hypercube Technology delivers intelligent, scalable performance

Elastic Hypercube Technology brings new intelligence and scalability to the Business Planning Cloud with critical, patent-pending capabilities:

Optimised calculations. With the intelligence to understand fine-grained model dependencies, Elastic Hypercube Technology speeds results for even the largest and most complex models by recalculating only the dependent changes, unlike existing solutions that recalculate most or all of the whole model again.

Dynamic caching. Memory and calculation cycles are only used when needed because of an intelligent understanding of the relevance of the data to the user/model and potential time needed for (re)calculations.

Parallel computation. Elastic Hypercube Technology is scalable and has the intelligence to elastically add compute power and memory when needed to calculate model elements in parallel.

Elastic Hypercube Technology delivers this increased scale and performance while maintaining flexibility.  Users can still model what they want and analyse freely, building upon the Business Planning Cloud’s unique ability to model (and view) multi-dimensional data in tabular or cube format. Reporting and analysis don’t require cumbersome setup or additional reporting cubes, regardless of complexity.

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post