In the digital economy, businesses that want to remain competitive will need more analytics capabilities than traditional, stand-alone analytics platforms can provide. They will need to dramatically increase the user adoption and penetration of analytics into the organization and empower more business users to make better, insight-driven decisions.
Analytics and business intelligence are not just for retrieving information. They are also enablers of change, which means that they must include planning capabilities that allow you to update your projections of future results.
That’s where extended planning and analysis (XP&A) comes in. It combines both on-premises and cloud solutions, connecting users, applications, and data to be shared across both platforms. The vision is to provide a seamless experience, so that business users do not have to worry about where data or content resides. Users are able to share tools, visualizations, security/administration, and distribution between on-premise and cloud deployments.
To learn more, download our expert paper, Extend FP&A Capabilities Across the Organization for Better Decision Making.