Valencia, Spain, May 17, 2011 --(PR.com
)-- Companies are managed using information, but often the processes to obtain data are slow and expensive. Business Intelligence promised to improve the management of an organization, making quality information available and useful for the decision-makers. Though, the complexity of traditional BI software, led to a tough reality: 60% of BI deployments failed. LITEBI was born in 2007 to solve this problem using a Cloud Computing / SaaS approach to Business Intelligence.
Information had traditionally been accessed using manual processes like spreadsheets or ad-hoc reports built by IT. The large quantity of information generated by companies made this processes too slow and expensive, while making it difficult to obtain quality and updated information. Business Intelligence emerged to solve this problem, but traditional deployments (with large Data Warehouses, complex ETL processes and hard to maintain metadata) where designed to address the needs of very large companies, who where the first organizations that realized they needed business control and analytic tools beyond manual reports.
The cost in both time and money of the deployment and maintenance of these types of solutions made companies reluctant to acquire BI software. Deployments could last months or years, and companies had to make very important investments in licenses, hardware infrastructure and IT services. Business Intelligence needed to change.
LITEBI was built from the ground as a Cloud Computing platform to solve this problem. LITEBI has evolved traditional Business Intelligence allowing companies to deploy BI solutions within a few weeks, with zero investment in hardware or licenses. It offers a full-featured BI suite with OLAP, Dashboards, Balanced Scorecards, Rich Metadata, etc. but through a pay-as-you-go model that allows an immediate and clear ROI.