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Magnitude Software: Magnitude Introduces Cloud-Scale Business Insights for ERP Systems process analytics solution combines self-service business analytics with BI integrations, cloud-speed deployments
Magnitude Software, provider of continuous intelligence for the data-driven enterprise, today announced the release of Magnitude Angles Cloud, a cloud-based version of the company's Angles process analytics solution. Angles Cloud greatly accelerates the delivery of powerful business insights from SAP and Oracle ERP systems directly to operational leaders in finance, supply chain, manufacturing and distribution, enabling them to make faster, more effective business decisions.
Traditional business intelligence reporting requires custom development by teams of data scientists, skilled in translating the complex data schema of ERP systems, to build reports consumable by business users. Magnitude Angles provides a context-rich business data model that abstracts this complexity and includes thousands of pre-configured templates and reports to put operational analytics in the hands of business users.
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Amid the COVID-19 crisis, the global market for Product Information Management (PIM) estimated at US$7.5 Trillion in the year 2020, is projected to reach a revised size of US$13.5 Trillion by 2027, growing at a CAGR of 8.9% over the period 2020-2027.
Solutions, one of the segments analyzed in the report, is projected to record 8.6% CAGR and reach US$8.5 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 9.4% CAGR for the next 7-year period.
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