BeyondCore Delivers World's First One-Click Analytics for Business Users

ORLANDO, Fla., Oct. 7, 2014 /PRNewswire/ -- After 10 years of research and development, analytics innovator BeyondCore has delivered the only analytics platform that automatically creates an animated story of what happened and why, while explaining how you can predict and impact what will happen next – all with a single click.  The newest version of its software—BeyondCore V Beta—highlights key findings, recommends additional analyses to consider, predicts what-if scenarios and outcomes and guides users to specific actions that will directly impact their bottom line.

BeyondCore identifies critical trends buried in mountains of raw data in hours or even minutes utilizing patented smart pattern discovery software. Analytics platforms with this ability to automatically uncover complex hidden patterns are expected to become the new gold standard in business intelligence. 

"Gartner predicts that, by 2015, Smart Pattern Discovery will be the most in-demand business intelligence (BI) platform user experience paradigm, enabling mainstream business consumers to get insights from data. These innovations have the potential to expand access to sophisticated interactive analysis and insights to business consumers and nontraditional BI users — the approximately 70% of users in organizations that currently do not use BI tools or have statistical backgrounds."¹

"We've been promised a data driven world, but until now, the reality has fallen far short of that promise," said Arijit Sengupta, CEO of BeyondCore. Only BeyondCore V Beta: 

• Fully analyzes the entire data set with one click. In a data driven world, automated systems instantaneously would ask millions of questions and surface the insights. But today, due to the limitations of manual techniques, data scientists do not ask millions of questions. They examine dozens of theories at best. BeyondCore does ask millions of questions with a single click.
• Requires no experts to interpret results. In a data driven world, your data explains itself. But today, business users rely on busy experts to interpret arcane models, and tell them what is really going on. BeyondCore instantaneously presents you with the key insights as a human analyst would. As you are guided through the auto-generated story, it explains the causes behind the patterns.
• Ensures you focus on valid patterns. In a data driven world you are shown the difference between a pretty graph and statistically valid insight. But today dashboards are meticulously designed to make every random fluctuation look exciting. BeyondCore rigorously tests every insight and grays out statistically unsound graphs and patterns to focus you only on the actionable insights.
• Describes the reasons behind the predictions. In a data driven world, software predicts the future and fully explains the prediction. But today, there is an acute shortage of data scientists equipped to do predictive analytics and without a statistics background business users can't really make sense of the reasons behind automated predictions. BeyondCore predicts what will happen and clearly explains the reasons behind the prediction. It then recommends specific actions to impact your bottom line. BeyondCore also predicts what would happen if you make changes.
• Makes it possible to directly influence the analyses. In a data driven world business users can easily overlay their unique knowledge and insights about their business on the analysis. But today, because they don't fully understand the analysis process, business users can't easily modify the analysis report based on their unique insights. Today, business users passively consume analysis rather than influence it. BeyondCore explains the analysis results in such a way, and makes it so easy for users to modify the analysis, that it is easy for the business user to add their insights to maximize the benefits of the analysis.
• Reduces the time required to get insights from data to just 5 minutes. In a data driven world businesses can analyze the most current data instantaneously. But today, they require months to analyze data, and by that point, the analysis is often out of date. BeyondCore analyzes each businesses' unique data and finds key insights in just minutes, before it goes stale. For example, Sears was able to analyze their unique data with their own people and get insights in just 5 minutes.

These unique capabilities are yielding powerful results for BeyondCore customers. In a single three-hour BeyondCore session, a Fortune 500 retailer identified new, more efficient marketing campaign approaches and finally solved the mystery of why a Facebook campaign prompted by earlier manual analysis had failed. A Fortune 100 manufacturer that had spent months trying to pinpoint the source of a late shipment problem found the answer in less than three minutes based on a BeyondCore analysis of 700,000 records and 53,000 variable combinations. And so on.

"Business users want software that finds the right questions for them, does the hard statistical analysis for them, creates the presentations for them, and explains the results to them – all in just minutes without any training. After nearly a decade in development, BeyondCore is the first software to meet these needs," said Sengupta."

BeyondCore can be deployed in the cloud or on-premise. No installation, customization, coding, or modeling is required. 

The company is demonstrating BeyondCore V Beta at the Gartner Symposium running October 6-9 in Orlando, FL. 

¹Gartner Hype Cycle for Business Intelligence and Analytics, 2014, Alexander Linden, July 30, 2014.

About BeyondCore
BeyondCore empowers every business user with the power of analytics and has been proven at 21 of the Fortune 100. The company is headquartered in San Mateo, CA, and is funded by Menlo Ventures. For more information, visit www.beyondcore.com

Resources:
http://youtu.be/Q8w0wj8efzU
http://www.beyondcore.com/BeyondCore_Success_Story_Retail.pdf 
http://www.beyondcore.com/BeyondCore_Success_Story_Manufacturing.pdf

SOURCE BeyondCore